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BE22.6 At January 1, 2022, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2022, accounts receivable is $54,000. Sales revenue for 2022 total $420,000. Compute Eikenberry's 2022 cash receipts from customers. BE22.7 Moxley Corporation had January 1 and December 31 balances as follows 1/1/2022 12/31/2022 Change Inventory Accounts payable $ 95,000 $113,000 61,000 69,000 For 2022, cost of goods sold was $500,000. Compute Moxley's 2022 cash payments to suppliers. 18,000 8,000

BE22.6 At January 1, 2022, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2022, accounts receivable is $54,000. Sales revenue for 2022 total $420,000. Compute Eikenberry's 2022 cash receipts from customers. BE22.7 Moxley Corporation had January 1 and December 31 balances as follows 1/1/2022 12/31/2022 Change Inventory Accounts payable $ 95,000 $113,000 61,000 69,000 For 2022, cost of goods sold was $500,000. Compute Moxley's 2022 cash payments to suppliers. 18,000 8,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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BE22.6 At January 1, 2022, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2022, accounts receivable is $54,000. Sales revenue for 2022 total $420,000. Compute Eikenberry's 2022 cash receipts from customers. BE22.7 Moxley Corporation had January 1 and December 31 balances as follows 1/1/2022 12/31/2022 Change Inventory $ 95,000 $ 113,000 69,000 Accounts payable 61,000 For 2022, cost of goods sold was $500,000. Compute Moxley's 2022 cash payments to suppliers. 18,000 8,000
Transcribed Image Text:BE22.6 At January 1, 2022, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2022, accounts receivable is $54,000. Sales revenue for 2022 total $420,000. Compute Eikenberry's 2022 cash receipts from customers. BE22.7 Moxley Corporation had January 1 and December 31 balances as follows 1/1/2022 12/31/2022 Change Inventory $ 95,000 $ 113,000 69,000 Accounts payable 61,000 For 2022, cost of goods sold was $500,000. Compute Moxley's 2022 cash payments to suppliers. 18,000 8,000
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