5 use the information provided in each of the following independent situations to an 4352230

5.Use the information provided in each of the following independent situations to answer the questions.

a.Cash paid to suppliers for merchandise during a period was $30,000. Accounts Payable decreased during the period by $4,000. Inventory increased during the period by $2,500. What was the Cost of Goods Sold for the period?

b.Interest paid during a period was $6,000. Interest Payable decreased during the period by $1,500. What was the Interest Expense during the period?

c.Cash flow from operations for a period was $10,000. Current assets decreased during the period by $1,200. Current liabilities decreased during the period by $2,500. What was net income for the period?

d.Cash collected from customers for a fiscal period was $20,000. Accounts Receivable increased during the period by $5,000. What was Sales Revenue for the period?

6.Answer the questions using the information provided in each of the following independent situations.

a.Net cash flow from operations for a period was $15,000. Noncash Revenues for the period were $9,000. Noncash Expenses for the period were $11,000. What was net income for the period?

b.Wages Expense for a period was $35,000. Wages Payable increased during the period by $23,000. How much cash was paid to employees during the period?

c.Cash collected from customers for a fiscal period was $17,500. Sales Revenue for the period was $20,000. Accounts Receivable at the beginning of the period was $2,500. What was the balance in Accounts Receivable at the end of the period?

d.Net income for a period was $26,000. Current assets increased during the period by $3,000. Current liabilities increased during the period by $5,500. How much was cash flow from operations for the period?

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