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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 | |||
Revenue | 8,500 | Cash | 200 | 180 | |
Cost of Goods Sold | -5,600 | Accounts Receivable | 1,650 | 1,625 | |
Depreciation Expense | -1,200 | Inventory | 1,900 | 2,000 | |
Interest Expense | -35 | PPE | 6,500 | 7,000 | |
Income Tax Expense | -350 | Accumulated Dep. | -2,500 | -3,000 | |
Net Income | 1,315 | Total Assets | 7,750 | 7,805 | |
Accounts Payable | 850 | 900 | |||
Interest Payable | 100 | 80 | |||
Notes Payable | 1,500 | 1,700 | |||
Common Stock | 2,500 | 2,500 | |||
Retained Earnings | 2,800 | 2,625 | |||
Total Liabilities+Equity | 7,750 | 7,805 |
$8,525
$8,500
$8475
$1,815
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