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QUESTION 9 1. Madison Company had sales of $154,000. Additional information from the batance sheet is below Accounts Receivable Accounts Payable Beginning Balance Ending Balance

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QUESTION 9 1. Madison Company had sales of $154,000. Additional information from the batance sheet is below Accounts Receivable Accounts Payable Beginning Balance Ending Balance $28,000 25,000 $22,000 21,000 How much cash was collected from customers? $148,000 a $150,000 O$154,000 $160,000 QUESTION 10 1. which of the following transctions would not create a cash flow from operating activities? e Collecting cash from a customer o Paying cash to a supplier Paying cash to stockholders for dividends o Paying cash for a utility bill

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