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You have partial information from an entity financial statements as follows: You have al information from an enti financial statements as follows: Accounts receivable Allowance
You have partial information from an entity financial statements as follows:
You have al information from an enti financial statements as follows: Accounts receivable Allowance for doubtful accounts Inventory FV-NI Investments Accounts payable Unearned revenues Equipment Accumulated depreciation equipment Sales Cost of goods sold Depreciation expense Bad debt expense Loss on sale of equipment Loss on sale of FV-NI investments Holding gain- FV-NI investments Note also the following: Accounts written off that were recoved during *024: Required I Calculate the cash collected from customers in 2024. 2 Calculate the cash paid tp.uppliers for purchase of inventory. 2024 4,450,000 198,000) 3,820,000 1020000 2 740,000 365,000 200,000 -98,000 2023 3,690,000 165,000) 4,490,000 925000 2,630,000 430,000 189,000 -89,000 20,560,000 9 250,000 10,000 356,000 5,500 5000 33000 25,000 3 One FV-NI investment was sold during the year. Its carrying value at the beginnin of the year was: 125,000 Calculate the NET cash generated/used up by the sales and purchases of FV-NI investments. 4) Equipment costing $40,000 was purchased during the year. Half of this amount was paid in cash, and half was financed by issuing a note payable. Calculate the NET cash generated/used yp py@es/purchases of equipment.
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