Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 5 pts The following selected account balances were taken from T 3Sb Company's 2039 accounting records: January 1, 2039 December 31,_ 2039 Inventory

image text in transcribedimage text in transcribed

Question 6 5 pts The following selected account balances were taken from T 3Sb Company's 2039 accounting records: January 1, 2039 December 31,_ 2039 Inventory Unearned revenue Notes payable Common stock Investments Accounts payable Retained earnings $63,000 $31,000 $56,000 $22,000 $64,000 $72,000 $39,000 $47,000 $38,000 $34,000 $86,000 $50,000 $23,000 $51,000 T3Sb Company's income statement for 2039 appears below: Sales revenue Cost of goods sold Utilities expense Loss on sale of investments Net income $429,000 $343,000 $ 39,000 $ 10,000 $ 37,000 Calculate the amount of cash T3Sb Company paid to its sup pliers for purchases of inventory during 2039. Question 7 5 pts The following selected account balances were taken from T 3Sb Company's 2039 accounting records: January 1, 2039 December 31,_ 2039 Inventory Unearned revenue Notes payable Common stock Investments Accounts payable Retained earnings $63,000 $31,000 $56,000 $22,000 $64,000 $72,000 $39,000 $47,000 $38,000 $34,000 $86,000 $50,000 $23,000 $51,000 T3Sb Company's income statement for 2039 appears below: Sales revenue Cost of goods sold Utilities expense Loss on sale of investments Net income $429,000 $343,000 $ 39,000 $ 10,000 $ 37,000 Calculate T3Sb Company's net cash flow from financing act ivities for 2039. If your answer is negative, place a minus sign in f ront of your answer with no spaces in between (e.g., -1234)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is whistle-blowing? Who protects the whistle blowers?

Answered: 1 week ago