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The following financial data are from 3343 Company: A/R Unearned revenue Prepaid wages expense Wages payable A/P 2019 $1,200 500 2,700 1.100 800 2018 $1,800
The following financial data are from 3343 Company: A/R Unearned revenue Prepaid wages expense Wages payable A/P 2019 $1,200 500 2,700 1.100 800 2018 $1,800 150 2.000 900 300 Inventory Patents 2,000 1,800 1,200 2,100 $10,000 CFO (Direct) for 2019 Cash received from customers Cash Disbursements For: Purchases of inventory Wages expense Total disbursements CFO $8,250 1,400 9,650 $ 350 Required: a. Calculate (i) Sales revenue (4 marks), and (ii.) CGS (3 marks) b. Prepare the income statement for 2019.(7 marks) c. Prepare CFO using the INDIRECT method. (6 marks)
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