The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of depreciation) $229,000. The comparative balance sheet for the year shows that inventory increased $25,800, prepaid expenses decreased $8,000, accounts payable (related to merchandise) decreased $16,900, and accrued expenses payable increased $11,100.
Compute (a) cash payments to suppliers and (b) cash payments for operating expenses.
(a) Cash payments to suppliers $
(b) Cash payments for operating expenses $
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Home » Business » The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of depreciation) $229,000.