Question
The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January
The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January 1 Accounts Payable, December 31 Merchandise Inventory, January 1 Merchandise Inventory, December 31 Sales $14,547 6,403 4,395 7,317 9,082 16,028 70,925 35,244 Cost of Merchandise Sold Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were Oa. $25,376 Ob. $39,268 Oc. $74,949 Od. $45,112
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