Hello, i will appreciate if anyone can help me with the procedure to find this a

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Hello, i will appreciate if anyone can help me with the procedure to find this answer

The following selected account balances appeared on the financial statements of the Washington Company:

The Washington Company uses the direct method to calculate net cash flow from operating activities.

Cash collections from customers were

a.$45,000

b.$56,000

c.$60,000 ANSWER

d.$52,000

Accounts receivable, Jan. 1 $13,000 Accounts receivable, Dec. 31 9,000 Accounts payable, Jan. 1 4,000 Accounts payable, Dec. 31 7,000 Merchandise inventory, Jan. 1 10,000 Merchandise inventory, Dec. 31 15,000 Sales 56,000 Cost of merchandise sold 31,000

Explanation / Answer

Hello, i will appreciate if anyone can help me with the procedure to find this a

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