Ch 21 homework solutions.pdf

Ch 21 homework solutions.pdf - CH 21 HOMEWORK SOLUTIONS...

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CH. 21 HOMEWORK SOLUTIONS Brief Exercise 21 1 Summary Entry ($ in millions) Cash (received from customers) 38 Accounts receivable 5 Sales revenue 33 Brief Exercise 21 2 Summary Entry ($ in millions) Cash (received from customers) 40 Accounts receivable 4 Sales revenue 44 Brief Exercise 21 3 Summary Entry ($ in millions) Cost of goods sold 25 Inventory 6 Accounts payable 5 Cash (paid to suppliers of goods) 26
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