9 windows sills company reported the following information for june merchandise sale 4352184

9.Windows & Sills Company reported the following information for June:

Merchandise sales$80,000

Total expenses48,000

Net income$16,000

Accounts receivable

Accounts payable

Beginning balance$24,000$18,000

Ending balance28,00024,000

Required:

Determine (a) the amount of cash collected during June, (b) the amount of cash paid, and (c) the net cash flow from operating activities.

10.Sayonara Company reported the following information for June:

Merchandise sales$140,000

Total expenses116,000

Net income$ 24,000

Accounts receivableAccounts payable

Beginning balance$34,000$38,000

Ending balance30,00040,000

Required:

Determine (a) the amount of cash collected during June, (b) the amount of cash paid, and (c) the net cash flow from operating activities.

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