Problem C An analysis of incomplete records of TJC Company produced the following information applicable to the year 2009: ACCOUNT INCREASES Cash P 4,200,000 Accounts receivable 1,400,000 Accounts payable 400,000 Prepaid Insurance 200,000 ACCOUNT DECREASES Inventory 1,000,000 Equipment 100,000 Notes receivables - trade 600,000 Accrued salaries payable 300,000 Summary of cash transactions were as follows: RECEIPTS Cash Sales P 3,000,000 Collections on accounts receivable 30,000,000 Collections on notes receivable 2,400,000 Interest on notes receivable 200,000 Purchase returns and allowances 500,000 DISBURSEMENTS Cash purchases 1,000,000 Payments on accounts payable 16,500,000 Sales returns and allowances 400,000 Insurance 700,000 Salaries 10,000,000 Equipment 800,000 Other expenses 1,500,000 Withdrawals 1,000,000 BA1 - 2009