Question
The Hamada Company sales for 2021 totaled $154,000 and purchases totaled $85,000. Selected January 1, 2021, balances were: accounts receivable, $19,700; inventory, $15,200; and accounts
The Hamada Company sales for 2021 totaled $154,000 and purchases totaled $85,000. Selected January 1, 2021, balances were: accounts receivable, $19,700; inventory, $15,200; and accounts payable, $10,800. December 31, 2021, balances were: accounts receivable, $14,600; inventory, $17,500; and accounts payable, $13,100. Net cash flows from these activities were:
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
