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The following selected account balances appeared on the financial statements of the Washington Company: Accounts receivable, Jan. 1 $15,030 Accounts receivable, Dec. 31 8,608 Accounts
The following selected account balances appeared on the financial statements of the Washington Company:
Accounts receivable, Jan. 1 $15,030
Accounts receivable, Dec. 31 8,608
Accounts payable, Jan. 1 5,565
Accounts payable, Dec. 31 9,817
Merchandise inventory, Jan. 1 7,331
Merchandise inventory, Dec. 31 16,376
Sales 73,438
Cost of merchandise sold 35,686
The Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were?
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