Maurice Tutor

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Category > Accounting Posted 24 Jul 2017 My Price 5.00

Cable Company

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?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 11:07 PM My Price 5.00

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