Question 1
Homework. Unanswered
How much cash was collected during 2026 if total
sales were $124,000 during the year?
2025
2026
Cash
$12,000
$12,600
Accounts receivable
$4,800
$7,100
Inventory
$5,500
$7,800
Prepaid rent
$800
$200
Equipment
$18,000
$18,000
Accum. depreciation
($4,000)
($5,200)
Land
$22,000
$20,500
$59,100
$61,000
Accounts payable
Utilities payable
Salaries payable
Notes payable
Interest payable
Common stock
Retained earnings
2025
2026
$2,200
$4,100
$800
$950
$2,000
$1,800
$14,000
$11,000
$600
$850
$25,000
$25,000
$14,500
$17,300
$59,100
$61,000
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a $121,700
b $124,000
c $131,700
d $128,300