The following information has been gathered by the accountant for Knock Knock Ltd. Information related...
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Accounting
The following information has been gathered by the accountant for Knock Knock Ltd. Information related to sales and customers Credit sales made in the year Cash sales in the year Accounts receivable, beginning Accounts receivable, ending. $333,000 44,700 15,000 19,200 Information related to merchandise Cost of goods sold Inventory, beginning Inventory, ending Accounts payable to suppliers, beginning Accounts payable to suppliers, ending $ 125,500 11,300 20,100 8,800 13,900 $ 65,500 4.600 Information related to employees Salaries expense reported Vacation pay expense reported Accrued salaries payable, beginning Accrued salaries payable, ending 2,900 4.400 Focus Inventory, ending Accounts payable to suppliers, beginning Accounts payable to suppliers, ending 20,100 8,800 13,900 Information related to employees Salaries expense reported. Vacation pay expense reported Accrued salaries payable, beginning Accrued salaries payable, ending. Accrued vacation payable, beginning Accrued vacation payable, ending Required: a) Determine cash received from customers. b) Determine cash paid to suppliers c) Determine cash paid to employees $ 65,500 4,600 2,900 4,400 400 750


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