2019 2020 2019 2020 Cash $2,800 $4,100 Accounts payable $2,200 $2,500 Accounts receivable $3,900 $3,100 Utilities payable $2,600 $3,200 Inventory $8,500 $9,700 Salaries payable $3,100 $3,800 Prepaid insurance $800 $1,100 Notes payable $24,000 $23,000 Equipment $32,000 $32,000 Interest payable $2,600 $2,800 Accum. depreciation ($4,800) ($6,000) Common stock $12,000 $12,000 Land $6,000 $7,500 Retained earnings $2,700 $4,200 $49,200 $51,500 $49,200 $51,500 Given the above information, how much cash was collected from customers during 2020 if total iales were $61,000? $59,700 $61,800 $62,300 $60,200 None of the above
2019 2020 2019 2020 Cash $2,800 $4,100 Accounts payable $2,200 $2,500 Accounts receivable $3,900 $3,100 Utilities payable $2,600 $3,200 Inventory $8,500 $9,700 Salaries payable $3,100 $3,800 Prepaid insurance $800 $1,100 Notes payable $24,000 $23,000 Equipment $32,000 $32,000 Interest payable $2,600 $2,800 Accum. depreciation ($4,800) ($6,000) Common stock $12,000 $12,000 Land $6,000 $7,500 Retained earnings $2,700 $4,200 $49,200 $51,500 $49,200 $51,500 Given the above information, how much cash was collected from customers during 2020 if total iales were $61,000? $59,700 $61,800 $62,300 $60,200 None of the above
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 4.12C
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