Calculate the cash collected from customers

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Question - IMT Co. reported the following selected information for 2010:

Sales revenue $865,000

Cost of goods sold 360,000

Depreciation expense 43,000

Salaries & wages expense 178,000

Rent Expense 95,000

 

Beginning of Year

End of Year

Accounts receivable

$15,000

$35,000

Prepaid rent

21,000

15,000

Salaries & wages payable

33,000

18,000

Required - Use the above information to calculate:

i) The cash collected from customers.

ii) The cash paid for depreciation.

iii) The cash paid to employees.

iv) The cash paid for rent.

Reference no: EM132480644

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