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How much cash was collected from customers? Use the following information to answer the question Plarimed Corp. Plarimed Corp. Income Statement Balance Sheet 20X2 20X1
How much cash was collected from customers? Use the following information to answer the question Plarimed Corp. Plarimed Corp. Income Statement Balance Sheet 20X2 20X1 20X2 200 180 1,650 1,625 2,000 1,900 Revenue 8,500 Cash Cost of Goods Sold -5,600 Accounts Receivable Depreciation Expense -1,200 Inventory Interest Expense -35 PPE Income Tax Expense -350 Accumulated Dep. Net Income 1,315 Total Assets 6,500 7,000 -2,500 -3,000 7,750 7,805 850 900 100 80 Accounts Payable Interest Payable Notes Payable Common Stock Retained Earnings 1,500 1,700 2,500 2,500 2,800 2,625 Total Liabilities+Equity 7,750 7,805 O $8,525 $8,500 $8475 $1,815
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