XC Solved 3M Co reports beg+ OB Connect ? ? O ? ??hmps.//ne conect mhedration ha
ID: 2395389 • Letter: X
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XC Solved 3M Co reports beg+ OB Connect ? ? O ? ??hmps.//ne conect mhedration hapters 15 to 18 Homework Project: Due o Help Save CRUZ, INC Comparative Balance Sheets December 31, 2817 2016 Part 2 of 4 Assets $99,30e 24,988 42,600 52,808 89,180 99,288 4,580 236,600 181,480 113,ee0 127,580 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Incone taxes payable Total current liabilities Notes payable (long-term) Total liabilities 176 5,608 (17,580) (9,600) 332,180 $299,300 $15,700 $ 22,0e0 9,4005,8ee 2,800 26,68829, 800 38,900 74 , 30e 57,508184,1ee 1,588 0 Type hereto search ? 3 6 8Explanation / Answer
1. Cash received from customer = Beginning accounts receivable + Sales - Ending accounts receivables
Cash received from customers = $52,800 + $512,300 - $42,600 = $522,500
2.
Change in cash = Ending cash balance - Beginning cash balance = $99,300 - $24,900 = $74,400
Net increase in cash = $74,400
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