Question
What is the amount of cash paid to suppliers? Comparative Balance Sheet Assets As of December 31, 2017 2018 Cash 72,000 90,720 Accounts Receivable, net
What is the amount of cash paid to suppliers? Comparative Balance Sheet Assets As of December 31, 2017 2018 Cash 72,000 90,720 Accounts Receivable, net 17,280 14,400 Advances to Suppliers 7,920 1,440 Inventory 136,800 115,200 Total Assets 234,000 221,760 Liabilities and Equity Accounts Payable-Suppliers 48,960 28,800 MacBook Pro Assets As of December 31, 2017 2018 Cash 72,000 90,720 Accounts Receivable, net 17,280 14,400 Advances to Suppliers 7,920 1,440 Inventory 136,800 115,200 Total Assets 234,000 221,760 Liabilities and Equity Accounts Payable-Suppliers 48,960 28,800 Advances from Customers 12,240 8,640 Notes Payable 90,000 129,600 Retained Earnings 82,800 54,720 Total Liabilities and Equity 234,000 221,760 Statement of Earnings Retained Earnings 82,800 54,720 Total Liabilities and Equity 234,000 221,760 Statement of Earnings Revenues For the period ended 12/31/18 344,000 Cost of Goods Sold 87,000 Wage and Salary expense 66,000 Depreciation expense 43,200 Tax expense 42,000 Total Expenses Gain on Sale Net Income (238,200) 13,000 118,800
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