Question

The following items appeared on the financial statements of Washington Company. Accounts receivable, January 1 $14,233 Accounts receivable, December 31 8,889 Accounts payable, January 1 5,495 Accounts payable, December 31 8,792 Inventory, January 1 9,089 Inventory, December 31 14,910 Sales 73,939 Cost of goods sold 30,287 Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers. Cash payments for merchandise were a. $29,810 b. $32,811 c. $30,287 d. $32,334

          The following items appeared on the financial statements of Washington Company.
Accounts receivable, January 1	$14,233
Accounts receivable, December 31	8,889
Accounts payable, January 1	5,495
Accounts payable, December 31	8,792
Inventory, January 1	9,089
Inventory, December 31	14,910
Sales	73,939
Cost of goods sold	30,287
Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers.
Cash payments for merchandise were
a. $29,810
b. $32,811
c. $30,287
d. $32,334

the following items appeared on the financial statements of washington company accounts receivable january 1 14233 accounts receivable december 31 8889 accounts payable january 1 5495 accoun 19234

Added by Kelly B.

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