20X1 100,000 20X2 100,000 48,000 30,000 Castaway Co. Balance Sheet Assets: Cash Accounts Receivable Inventory...

70.2K

Verified Solution

Question

Accounting

image

20X1 100,000 20X2 100,000 48,000 30,000 Castaway Co. Balance Sheet Assets: Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Dep BV of Equipment Land Total Assets 65,000 6,000 125,000 25,000 100,000 50,000 369,000 $ 50,000 12,000 300,000 35,000 265,000 20,000 477,000 $ Castaway Co. Income Statement for 20x2 Revenues $ COGS Gross Profit 200,000 75,000 125,000 5,000 6,000 5,000 Insurance Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense 10,000 8,000 Net Income $ 91,000 What is cash paid for supplies? Please use a positive number for your answer, even though it is cash paid

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students