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QS 12-24B Direct: Computing cash flows LO P5 Case A: Compute cash received for interest Interest revenue Interest receivable, beginning of year Interest receivable, end
QS 12-24B Direct: Computing cash flows LO P5 Case A: Compute cash received for interest Interest revenue Interest receivable, beginning of year Interest receivable, end of year $7,000 1,000 2,700 Case B: Compute cash paid for wages Wages expense Wages payable, beginning of year Wages payable, end of year $13,000 6,200 5,000 For each separate case, compute the required cash flow information for BioClean. Case A: Cash received for interest Case B: Cash paid for wages
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