You have the following data for Cable Companys accounts receivable and accounts payable for 2009: Accounts receivable,

Question:

You have the following data for Cable Company’s accounts receivable and accounts payable for 2009:

Accounts receivable, 1/1/2009 ........$ 5,900

2009 sales on credit ............. 97,400

Accounts receivable, 12/31/2009 ....... 7,200

Wages payable, 1/1/2009 ........... 4,600

2009 wage expense .............. 38,100

Wages payable, 12/31/2009 .......... 5,300

Required:

1. How much cash did Cable collect from customers during 2009?

2. How would you classify cash collected from customers on the statement of cash flows?

3. How much cash did Cable pay for wages during 2009?

4. How would you classify the cash paid for wages on the statement of cash flows?

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