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Selected financial data presented below relates to Questions 3-5: 1/1/2019 12/31/2019 Sales Revenue - 75,000 Cost of Goods Sold - 50,000 Rent Expense - 10,000
Selected financial data presented below relates to Questions 3-5:
1/1/2019 | 12/31/2019 | |
Sales Revenue | - | 75,000 |
Cost of Goods Sold | - | 50,000 |
Rent Expense | - | 10,000 |
Cash | 38,000 | 50,000 |
Accounts Receivable | 6,000 | 3,000 |
Inventory | 3,000 | 8,000 |
Prepaid Rent | 1,000 | 2,000 |
Accounts Payable | 4,000 | 3,000 |
Calculate the amount of cash received from customers during 2019.
Calculate the amount of cash paid for rent during 2019.
Calculate the amount of cash paid for inventory during 2019
Question 3 2 pts Selected financial data presented below relates to Questions 3-5: Sales Revenue Cost of Goods Sold 1/1/2019 12/31/2019 75,000 50,000 10,000 Rent Expense Cash 38,000 Accounts Receivable 6,000 Inventory 3,000 Prepaid Rent 1,000 Accounts Payable 4,000 50,000 3,000 8,000 2,000 3,000 Calculate the amount of cash received from customers during 2019. $78,000 $72,000 $87,000 $75,000 There is not enough information to answer this
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