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The following are independent situations. Sales = $740,000; Accounts receivable increased by $22,500. Calculate cash receipts from sales. $ Cash receipts from sales eTextbook and
The following are independent situations. Sales = $740,000; Accounts receivable increased by $22,500. Calculate cash receipts from sales. $ Cash receipts from sales eTextbook and Media Cost of goods sold = $590,000; inventory decreased by $82,000; accounts payable decreased by $33,400. Calculate cash payments for purchases. $ Cash payments for purchases The income statement shows $13,000 in income taxes. The balance sheet shows an increase in taxes payable of $1,200. Calculate the cash paid for income taxes. $ Cash paid for income taxes eTextbook and Media Operating expenses total $75,000; Depreciation expense = $43,000; Prepaid expenses increased by $18,000; Accrued wages decreased by $11,300. %3D Calculate cash payments for operating expenses. Cash payments for operating expenses OToxth ook and Modia
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