None of the above
Question 29
2019 2020 Cash $52,000 $1,600 Accounts receivable $4,200 $4,500 Inventory $2,600 $54,000 Prepaid rent $800 $500 Equipment $16,000 $16,000 Accumulated depreciation ($2,200) $2,800 Land $10,000 $6,500 $33,400 $30,300
2019 2020 Accounts payable $4,000 $3,500 Utilities payable $800 $1,500 Salaries payable $2,200 Notes payable $10,000 $9,000 Interest payable $600 $10,000 $10 Retained earnings $5,800 $2 $33,400 $30
Given the above information, how much was paid to inventory suppliers during 2020 if cost of goods sold was $36,000?
$37,900 $35,500 $37,400 $36,500
None of the above
Question 30
2019 2020 Cash $1,300 $1,100 Accounts receivable $4,100 $4,400 Inventory $7,500 $8,800 Prepaid insurance $1,200 $1,500 Equipment $16,000 $16,000 Accumulated depreciation ($2,400) ($3,000) Land $4,500 $9,200 $32,200 $37,400
2019 2020 Accounts payable $2,100 $525 Utilities payable $200 Salaries payable $800 Notes payable $18,000 $15,000 Interest payable $2,300 $2 Common stock $6,000 $0 Retained earnings $2,800 $8 $32,200 $37
Given the above information, how much was the operating cash flow if investing cash flows were ($57,000) and financing cash flows were ($1,500)?
$7,200 ($58,700) $5,300 $8,300
