The accounting records of Ashby Fur Traders include theseaccounts: Cash Accounts Receivable Aug 1 80,000 Receipts 418,0

The accounting records of Ashby Fur Traders include theseaccounts:

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Cash Accounts Receivable Aug 1 80,000 Receipts 418,0 Aug 31 48,000 Aug 1 8,000 00Payments 450,000 Receipts 522,000 Collections 418,000 Aug 31 112,000 Accumulated Deprec.-Equipment Aug 45,000 5,000 Aug 31 50,000 Equipment Aug 1 181,000 uisition 4,000 Aug 31 185,000 Accrued Liabilities Retained Earnings Aug 1 14,000 Quarterly Recei Aug 31 Aug 1 63,000 30,000 Dividend 20,000 Net Income 25,000 Aug 31 68,000 Payments 35 9,000 Inventory Aug 1 Purchases 433,000 Cost of Sales 333,000 Aug 31 106,000 6,000 Accounts Pavable Aug 15,000 Payments 334,000 Purchases 433 Aug 31 114,000