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For Each of the Following Separate Cases, Use the Information

Question 141

Essay

For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow:
(a)
 Accourts receivable balarices:  Begirning of year $60,000 End of year 57,000 Sales reverue (all on credit) 375,000 Cash received frem custaners $\begin{array}{l}\begin{array} { | l | r | } \hline \text { Accourts receivable balarices: }\\\hline \text { Begirning of year } & \$ 60,000 \\\hline \text { End of year } & 57,000 \\\hline \text { Sales reverue (all on credit) } & 375,000 \\\hline \text { Cash received frem custaners } & \$---- \\\hline\end{array}\end{array} (b)
 Accounts payable balarices:  Begirning of year $42,000 End of year 45,000 Merchandise irventory balances:  Begirning of year 50,000 End of year 47,500 Cost of goods sold 250,000 Cash paid for merchardise irventory $\begin{array}{l}\begin{array} { | l | r | } \hline\text { Accounts payable balarices: }\\\hline \text { Begirning of year } & \$ 42,000 \\\hline \text { End of year } & 45,000 \\\hline \text { Merchandise irventory balances: } & \\\hline \text { Begirning of year } & 50,000 \\\hline \text { End of year } & 47,500 \\\hline \text { Cost of goods sold } & 250,000 \\\hline \text { Cash paid for merchardise irventory } & \$---- \\\hline\end{array}\end{array} (c)
 Irterest payable balarices:  Begirnirig of year 7,500 Erid of year 9,200 Interest expense 35,000 Cash paid for iriterest $\begin{array}{l}\begin{array} { | l | r | } \hline \text { Irterest payable balarices: }\\\hline \text { Begirnirig of year } & \mathbf { 7 , 5 0 0 } \\\hline \text { Erid of year } & 9,200 \\\hline \text { Interest expense } & 35,000 \\\hline \text { Cash paid for iriterest } & \$ ---\\\hline\end{array}\end{array}

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