For Each of the Following Independent Cases,use the Information Provided

question 156

Essay

For each of the following independent cases,use the information provided to calculate the missing cash inflow or cash outflow:
(a.)
$\begin{array}{|l|r|}\hline \text { Interest payable, beginning-year } & \$ 4,200 \\\hline \text { Interest expense } & 26,700 \\\hline \text { Interest payable, year-end } & 3,000 \\\hline \text { Cash paid for interest } & \$ \underline{\quad\quad}\\\hline\end{array}$
(b.)
$$\begin{array} { | l | r | } \hline \text { Prepaid insurance, beginning of year } & \$ 7,000 \\\hline \text { Insurance expense } & 16,800 \\\hline \text { Prepaid insurance, year-end } & 3,400 \\\hline \text { Cash paid for insurance } & \$\underline{\quad\quad} \\\hline\end{array}$$
(c.)
$$\begin{array} { | l | r | } \hline \text { Interest receivable, beginning of year } & \mathbf { 8 0 0 } \\\hline \text { Interest revenue } & 12,600 \\\hline \text { Interest receivable, year-end } & 1,200 \\\hline \text { Cash received for interest } & \$\underline{\quad\quad} \\\hline\end{array}$$
(d.)
$$\begin{array} { | l | r | } \hline \text { Accounts payable, beginning of year } & \$ 60,000 \\\hline \text { Cost of goods sold } & 244,000 \\\hline \text { Merchandise irventory, beginning of year } & 35,000 \\\hline \text { Merchandise inventory, year-end } & 40,500 \\\hline \text { Accounts payable, year-end } & 64,800 \\\hline \text { Cash paid for merchandise } & \$ \underline{\quad\quad}\\\hline\end{array}$$

---

Definitions:

Telepathy

The supposed communication of thoughts or ideas without using the known sensory channels or physical interaction.

ESP

Extrasensory perception, the claimed ability to gain information without relying on known physical senses or deducing from previous experience.

Parapsychology

The study of paranormal and psychic phenomena, including telepathy, precognition, and extrasensory perception.

Sensation

The way in which our sense organs and nervous system perceive and depict the energy of stimuli around us.