Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance $ 77,400 63,400 85,100 225,900 228.000 92,550 68,200 Cash and cash equivalents Accounts receivable Inventory Total current assets 77,500 238,250 217,000 Property, plant, and equipment Less accumulated depreciation 76,000 54,250 Net property, plant, and equipment 152,000 162,750 Total assets 401,000 377,900 88, 200 48,300 500 ,7 93,000 94,000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $49,600 38,600 93,000 108,500 88,200 Total liabilities and stockholders' equity 377,900 401,000 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 4-a. If the company debited Accounts Receivable and credited Sales for $930,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? 4-b. What does the amount of these credits represent? Complete this question by entering your answers in the tabs below. Req 4A Req 4B If the company debited Accounts Receivable and credited Sales for $930,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? Amount of credits recorded Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $49,600 88,200 48,300 77,500 93,000 38,600 93,000 108,500 88,200 94,000 377,900 Total liabilities and stockholders' equity 401,000 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 4-a. If the company debited Accounts Receivable and credited Sales for $930,000 during the year, what is the total amount of credits recorded in ACCOunts Receivable during the year? 4-b. What does the amount of these credits represent? Complete this question by entering your answers in the tabs below. Req 4A Req 4B What does the amount of these credits represent? Cash collections from customers OPayment to suppliers OCredit sales OCash sales Total sales Cash and cash equivalents Accounts receivable 77,400 63,400 85,100 92,550 68,200 77,500 238,250 Inventory Total current assets 225,900 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 217,000 54,250 162,750 228,000 76,000 152,000 $ 377,900 Total assets 401,000 Accounts payable Income taxes payable Bonds payable 49,600 38,600 88,200 48,300 77,500 93,000 94,000 401,000 93,000 108,500 Common stock Retained earnings 88,200 Total liabilities and stockholders' equity 377,900 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 6-a. If the company debited cost of goods sold and credited inventory for $620,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account? 6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-c. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 6C Req 6A Req 6B If the company debited cost of goods sold and credited inventory for $620,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T- account? Purchases 6-a. If the company debited cost of goods sold and credited inventory for $620,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account? 6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-c. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C What is the total amount of the debits recorded in the Accounts Payable T-account during the year? Total amount of debits recorded Cash and cash equivalents Accounts receivable 77,400 63,400 85,100 92,550 68,200 77,500 Inventory Total current assets 225,900 238,250 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 228,000 76,000 217,000 54,250 152,000 162,750 Total assets 401,000 377,900 Accounts payable Income taxes payable Bonds payable 49,600 38,600 93,000 108,500 88,200 88,200 48,300 77,500 93,000 94,000 Common stock Retained earnings $ 377,900 $ 401,000 Total liabilities and stockholders' equity During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 6-a. If the company debited cost of goods sold and credited inventory for $620,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account? 6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-c. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C What does the amount of these debits represent? Sales OPurchases OSupplier payments Cash collections Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is follows: Ending Balance Beginning Balance Cash and cash equivalents 77,400 63,400 85,100 225,900 92,550 Accounts receivable 68,200 Inventory 77,500 238,250 217,000 54,250 Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 228,000 76,000 152,000 162,750 $ 401,000 Total assets 377,900 Accounts payable Income taxes payable Bonds payable 49,600 38,600 93,000 108,500 88,200 88,200 48,300 77,500 Common stock 93,000 Retained earnings 94,000 s 401,000 $ 377,900 Total liabilities and stockholders' equity During the year, Ravenna paid a $9,300 cash diividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 8-a. If the company debited income tax expense and credited income taxes payable $1,150 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 8-b. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 8B Req 8A If the company debited income tax expense and credited income taxes payable $1,150 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? Total amount of debits recorded Cash and cash equivalents Accounts receivable 92,550 68,200 77,400 63,400 85,100 225,900 Inventory 77,500 Total current assets 238,250 217,000 54,250 162,750 228,000 76,000 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 152,000 Total assets 377,900 401,000 Accounts payable Income taxes payable Bonds payable 88,200 48,300 77,500 93,000 94,000 49,600 38,600 93,000 108,500 88,200 $377,900 Common stock Retained earnings Total liabilities and stockholders' equity 401,000 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 8-a. If the company debited income tax expense and credited income taxes payable $1,150 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 8-b. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 8B Req 8A What does the amount of these debits represent? Taxes payable Tax refunds OCash paid for income taxes Required information [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance $ 77,400 63,400 Beginning Balance Cash and cash equivalents 92,550 68,200 77,500 Accounts receivable Inventory 85,100 Total current assets 225,900 228,000 238,250 Property, plant, and equipment Less accumulated depreciation 217,000 76,000 152,000 54, 250 162,750 Net property, plant, and equipment Total assets 377,900 401,000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 49,600 38,600 93,000 88,200 48,300 77,500 93,000 94,000 108,500 88,200 Total liabilities and stockholders' equity 377,900 401,000 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 3. What is the company's net cash provided by (useed in) investing activities? investing activities Net cash Required information [The following information applies to the questions displayed below] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance heet for this year is as follows: Ending Balance Beginning Balance 77,400 63,400 Cash and cash equivalents 92,550 68, 200 77,500 Accounts receivable Inventory Total current assets 85,100 225,900 228,000 238,250 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 217,000 54,250 76,000 152,000 162,750 401,000 Total assets 377,900 s 49,600 Accounts payable Income taxes payable Bonds payable 88,200 48,300 77,500 93,000 94,000 $ 401,000 38,600 93,000 Common stock 108,500 Retained earnings 88,200 377,900 Total liabilities and stockholders' equity During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 5. What is the company's net cash provided by (used in) financing activities? financing activities Net cash