$22,000 Decrease in accounts receivable Increase in inventories 9,200 Increase prepaid expenses Increase in salaries payable Decrease in income taxes payable 8,500 10,000 14,000
$22,000 Decrease in accounts receivable Increase in inventories 9,200 Increase prepaid expenses Increase in salaries payable Decrease in income taxes payable 8,500 10,000 14,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Cemptex Corporation prepares its statement of

Transcribed Image Text:$22,000
Decrease in accounts receivable
Increase in inventories
9,200
Increase prepaid expenses
Increase in salaries payable
Decrease in income taxes payable
8,500
10,000
14,000
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