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Category > Business & Finance Posted 02 Aug 2017 My Price 11.00

How do I figure out the following?

How do I figure out the following?
The following data is from a comparison of the balance sheets of Bassie Company as of Dec. 31, 2004 and Dec. 31, 2003:

Accounts Receivable.........increase $7,600
Inventory...................decrease 4,500
Accounts payable............increase 2,400
Prepaid Insurance...........decrease 1,350
Wages Payable...............decrease 670

The following data is from Bassie's 2004 imcome statement:

Sales..................................$200,000
Cost of Goods Sold......................110,000
Insurance Expense........................25,000
Wages Expense............................40,000

During 2004:
(a) How much cash was collected from customers?
(b) How much cash was paid for inventory purchases?
(c) How much cash was paid for insurance?
(d) How much cash was paid for wages?

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Homework Helper
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Status NEW Posted 02 Aug 2017 08:08 PM My Price 11.00

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