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North Star Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Increase in Wages Payable from 1/1 to
North Star Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Increase in Wages Payable from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 1/1 Accounts Payable Cash paid to vendors 12/31 Accounts Payable 1/1 Accounts Receivable 12/31 Prepaid Expenses Cash Paid for Expenses 1/1 Prepaid Expenses 97 60 4282855TONT Increase in Inventory from 1/1 to 12/31 1 Accrual-basis Sales for 2018 is: Select one: O a. $103 O b. $97 O c. $105 O d. $94 O e. $100
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