The Following Selected Account Balances Are Taken from a Merchandising

question 71

Essay

The following selected account balances are taken from a merchandising company's records:
$\begin{array} { l | r | r | r } & \text { Dec. 31 } & \text { Dec. 31, } & \text { For the } \\\hline & { \text { 20X2 } } & { 20 \mathrm { X } 1 } & \text { Year 20X2 } \\\hline \text { Merchandise inventory } & \$ 15,600 & \$ 21,200 & \\\hline\text { Accounts receivable } & 42,000 & 36,000 & \\ \hline \text { Accounts payable } & 32,400 & 27,400 & \\\hline \text { Salaries payable } & 4,400 & 3,000 & \\\hline\\\hline \text { Total assets } & 234,000 & 286,000 & \\\hline \text { Sales } & & & \$ 312,000 \\\hline \text { Cost of goods sold } & & & 165,600 \\\hline \text { Salaries expense } & & & 48,000\end{array}$

(a) Calculate the cash payments made during 20X2 for merchandise. Assume all of the company's accounts payable balances result from merchandise purchases.
(b) Calculate the cash receipts from customer sales during 20X2.
(c) Calculate the cash payments for salaries during 20X2.

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Definitions:

Process Of Therapy

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Process Diagnosis

The evaluation and identification of the specific processes that contribute to a condition or problem, often used in organizational or psychological contexts.

Emotional Markers

Emotional responses or cues that signal significant psychological events or changes, often indicating underlying emotional states or conditions.

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A gestalt therapy technique in which clients engage in a conversation with an imaginary person or part of themselves sitting in an empty chair, to explore different aspects of their psychology.