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Record the impact of the items below (direction +/- and amount) on income and cash flows. Income Cash The company recorded $2,000 in sales; only
Record the impact of the items below (direction +/- and amount) on income and cash flows. Income Cash The company recorded $2,000 in sales; only a quarter was paid by the end of the quarter. +$2,000 +$500 Salaries during the period were $300, only $200 were paid by the end of the quarter. The company purchased a machine at the end of the quarter in cash for $500. The machine had not been used. Tax expense for the period was $300, only a third was paid by the end of the quarter. The company purchased cleaning materials at the amount of $600 in cash. Cleaning materials at the amount of $200 were used during the quarter. The company incurred $75 of expenses during the quarter. 1/3 of the amount has not been paid by the end of the quarter. Net income / Net cash flow during the quarter
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