(B) Assume that BRI reported the following selected balances at 12/31/2022:Accounts receivable (net) $ 299,600 Inventory572,632 Accounts payable200,164 Salaries and wages payable33,670 Compute: Cash collected from customers Cash paid to suppliers Cash paid to employees Adjusted Trial Balance Account TitlesDrCr Cash26,143 Equity securities portolio47,521 Fair value adjustment3,585 Accounts receivable284,171 Allowance for doubtful accounts 14,209 Inventory623,636 Prepaid insurance11,080 Land414,518 Buildings1,455,667 Accumulated depreciation-bldg 490,534 Equipment1,041,038 Accumulated depreciation-equip 337,259 Deferred tax asset6,000 Patent17,970 Accounts payable 205,799 Income taxes payable 108,659 Note payable 42,000 Bonds payable 300,000 Premium on bonds payable 16,038 Preferred stock (5%, $100 par) 200,000 Common stock ($10 par value) 400,000 Paid-In capital in excess of par 471,999 Retained earnings 934,729 Dividends90,000 Sales revenue 4,634,536 Cost of goods sold3,172,647 Salaries and wages expense580,593 Advertising expense65,641 Depreciation expense161,167 Other administrative expenses24,772 Supplies expense4,894 Amortization expense11,000 Gain on sale of trading securities 4,894 Rent revenue 3,900 Interest expense19,877 Gain on sale of land 1,507 Loss on sale of equipment17,280 Income tax expense110,659 Totals Additional accounts: Unrealized gain/ loss on securities 7,685 Bad debt expense8,089 Insurance expense5,240 Interest payable 24,630 Impairment loss26,030 Salaries and wages payable 31,560 Supplies720 Totals8,229,9378,229,937

Cash flow from operating activities represents the cash generated or utilized by a company's core…

Answered: Compute: Cash collected from…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(B) Assume that BRI reported the following selected balances at 12/31/2022:
Accounts receivable (net)	$ 299,600
Inventory	572,632
Accounts payable	200,164
Salaries and wages payable	33,670

Compute:
Cash collected from customers
Cash paid to suppliers
Cash paid to employees

	Adjusted Trial Balance
Account Titles	Dr	Cr
Cash	26,143
Equity securities portolio	47,521
Fair value adjustment	3,585
Accounts receivable	284,171
Allowance for doubtful accounts		14,209
Inventory	623,636
Prepaid insurance	11,080
Land	414,518
Buildings	1,455,667
Accumulated depreciation-bldg		490,534
Equipment	1,041,038
Accumulated depreciation-equip		337,259
Deferred tax asset	6,000
Patent	17,970
Accounts payable		205,799
Income taxes payable		108,659
Note payable		42,000
Bonds payable		300,000
Premium on bonds payable		16,038
Preferred stock (5%, $100 par)		200,000
Common stock ($10 par value)		400,000
Paid-In capital in excess of par		471,999
Retained earnings		934,729
Dividends	90,000
Sales revenue		4,634,536
Cost of goods sold	3,172,647
Salaries and wages expense	580,593
Advertising expense	65,641
Depreciation expense	161,167
Other administrative expenses	24,772
Supplies expense	4,894
Amortization expense	11,000
Gain on sale of trading securities		4,894
Rent revenue		3,900
Interest expense	19,877
Gain on sale of land		1,507
Loss on sale of equipment	17,280
Income tax expense	110,659
Totals
Additional accounts:
Unrealized gain/ loss on securities		7,685
Bad debt expense	8,089
Insurance expense	5,240
Interest payable		24,630
Impairment loss	26,030
Salaries and wages payable		31,560
Supplies	720
Totals	8,229,937	8,229,937

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