MCQ DO NOT MARKANDWH 28) Incorporated reports an increase in Accounts Payable of 59,200 and an increase in inventory of $45,000 for the current year. Accounts Payable relates solely so the purchase of eserchandise Sales on account were $512,100 and cost of goods sold was 1358,000. The soal poses of mehandise for the period w A) $174,100 B) $313,000 C) $358,000 D) 5403,000 29) Cash collected from customers can be computed by the following formal A) ending accounts receivable plas beginning accounts receivable minus sales Bending accounts receivable mimas beginning accounts receivable plus sales C) beginning accounts receivable minas ending accounts receivable plus sales D) beginning accounts receivable minus ending accounts receivable minus sales 30) Femlizer Incorporated reports an increase in Accounts Payable of $9,200 and an increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on acc were $532,100 and cost of goods sold was $358,000. The payments to suppliers for invanory during the period were A) $191,800 B) $322,200 C) 5412.200 D) $303,800 31) Given the following information for Rat Rack Corporation: cost of goods sold $35,500, sales $65,000 increase in accounts receivables $4,200. Their receipts from customers sotal would be A) $60,800 B) 569,200 C)$33,700 D) $25,300