{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ACC311 CashFlows_problems Solutions with marks

# ACC311 CashFlows_problems Solutions with marks - \$2,100...

This preview shows pages 1–3. Sign up to view the full content.

Examples Al’s Pizzeria begins the quarter with interest payable of \$550 and ends the quarter with interest payable of \$625. Interest expense for the quarter is \$2,400. How much cash was paid for interest during the quarter? Interest Payable

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Examples Don’s Liquor Store starts with an A/P balance of \$1,200 and \$1,900 of inventory. At year end, A/P is \$900 and inventory is
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: \$2,100. COGS was \$8,400 during the year. How much cash was paid for A/P this year? = 8900 Inventory Accounts Payable Examples Emery’s Auto Shop starts with A/R of \$9K. At year end, A/R is \$11K. Credit sales totaled \$97K for the year. How much cash does Emery collect during the year from credit sales? Accounts Receivable...
View Full Document

{[ snackBarMessage ]}

### Page1 / 3

ACC311 CashFlows_problems Solutions with marks - \$2,100...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online