Consider the following facts: a. Beginning and ending Accounts Receivable are $25,000 and $28,000, respectively. Credit sales for the period total 567.000 b. Cost of goods sold is $75,000. c. Beginning Merchandise Inventory balance is $30,000, and ending Merchandise Inventory balance is $29.000. d. Beginning and ending Accounts Payable are $16,000 and $15,000, respectively. Requirements 1. Compute cash collections from customers. 2. Compute cash payments for merchandise inventory Requirement 1. Compute cash collections from customers Select the labels and enter the amounts to compute cash collections from customers. (Abbreviations used: Beg - Beginning: End. - Ending) Cash recipes Sales Revenue Bog. Accounts Receivable End. Accounts Receivable - from customers 67,000 25,000 28,000 - $ 64,000 Requirement 2. Compute cash payments for merchandise inventory. Select the labels and enter the amounts to compute cash payments for merchandise inventory. (Abbreviations used: AJP - Accounts Payable: AR - Accounts Receivable; Inventory, Merch. = Merchandise.) Cash paid for Beg. AVR + COGS BegMarch. Inv. End. Merch. Iny. merch. Inv. Choose from any list or enter any number in the input fields and then click Check Answer All parts showing 1. Compute cash collections from customers. Compute cash payments for merchandise inventory. Requirement 1. Compute cash collections from customers. Solart the lahale and enter the amounts to compute cash collections from customers. (Abbreviations used: Beg. = Beginning: End. - Ending.) 0 + Bog, Accounts Receivable 25,000 - . $ End. Accounts Receivable 28,000 Cash receipts from customers = $ 64,000 Beg. AJP Beg. A/R Beg. Merch. Inv. COGS End. AJP End. A/R End. Merch. Inv. Sales Revenue ute cash payments for merchandise inventory. nter the amounts to compute cash payments for merchandise inventory. (Abbreviations used: A/P = Accounts Payable; A/F archandise.) - Beg. A/R COGS + Beg. Merch. Inv. - Cash paid for merch. inv. End. Merch. Inv. = Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All esc F4