Is "Purchased fixed Assets paying cash" another way of saying "Account Receivable"? ...
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Accounting
Is "Purchased fixed Assets paying cash" another way of saying "Account Receivable"?
| Net Income | 57000 | |||||
| Depreciation | 20000 | |||||
| Accounts Receivable | 310000 | |||||
| Received $90,000 cash for issuance of notes payable | 90000 | |||||
| Received $120,000 cash for issuance of common stock | 120000 | |||||
| Paid $20,000 for purchase of treasury stock | 20000 | |||||
| Ending cash balance | 50000 | |||||
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