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The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 Accounts Receivable, December 3 1 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
Cost of Merchandise Sold
$14,013
6,449
5,841
7,294
10,420
15,188
62,580
36,279
Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were
a. $42,500
b. $30,058
c. $39,594
d. $65,895
1 more Check My Work uses remaining.
Previou
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