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use the following information to calculate the change in the company's cash balance for the year credit sales $ 800,000 cash sales $ 500,00 operating
use the following information to calculate the change in the company's cash balance for the year
credit sales $ 800,000
cash sales $ 500,00
operating expenses on credit $ 200,000
cash operating expenses $ 700,000
accounts receivable( beg. of the year) $ 50,000
accounts receivable (end of the year) $ 80,000
account payable (beg of the year) $50,000
accounts payable (end of the year) $ 100,000
income taxes paid $ 160,000
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