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How much did company collect cash from customers during 2018? 2. Assume the balance of accounts payable pertains to vendors. How much did company pay
How much did company collect cash from customers during 2018?2. Assume the balance of accounts payable pertains to vendors. How much did company pay cash to vendors supplying merchandise during 2018?
3. how much did company pay dividends to its shareholders during 2018?
serected numbers from financial statements of Palm Merchandising Company are given below. Balance Sheet Assets 2018 2017 Cash $31,104 $42,768 Accounts | 474,336 receivable 228,096 Inventory 368,064 276,566 Accounts payable 383,097 143,701 Income taxes 77,760 payable 41,058 Retained earnings 244,167 171,643 Income Statements 2018 2017 Sales $4,364,928 $3,564,000 Cost of goods sold 2,402,784 2,309,472 Income Tax 77,760 41,058 Expense Net income 116,640 61,585 How much did company collect cash from customers during 2018? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)Step by Step Solution
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