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Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $20,000 and $18,000, respectively. Credit sales for
Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $20,000 and $18,000, respectively. Credit sales for the period totaled 562,000. How much were the cash collections from customers? b. Cost of Goods Sold was $78,000. Beginning Inventory was $22,000, and Ending Inventory was 516,000. Beginning and ending Accounts Payable were $11,000 and $9,000, respectively. How much were the cash payments for inventory? Requirement a. Beginning and ending Accounts Receivable were $20,000 and $18,000, respectively. Credit sales for the period totaled $62.000. How much were the cash collections from customers? Cash collections from customers are $
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