XS Supply Company is developing its annual financial statements at December 31. The statements are...
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XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash $ 45,695 $ 36,700 Accounts Receivable 46,200 34,300 Merchandise Inventory 50,250
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