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    The Records of Rahman Company

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    1. The records of Rahman Company include the following information about its activities for the year just ended.
    Beginning cash balance $ 40,000
    Increase in accounts receivable 60,000
    Cash collections from customers 50,000
    Purchase of property, plant and equipment 15,000
    Decrease in accounts payable 28,000
    Cash paid to suppliers 10,000
    Issuance of common stock 4,000
    Net income 120,000
    Depreciation expense 8,000

    What are the sources of cash, and amounts, for the business during the period?

    What is the cash balance at the end of the year?

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    https://brainmass.com/business/cash-management/records-rahman-company-458621

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    1. The records of Rahman Company include the following information about its activities for the year just ended.
    Beginning cash balance $ 40,000
    Increase in accounts receivable 60,000
    Cash collections from customers 50,000
    Purchase of ...

    Solution Summary

    The records of Rahman Company include the following information about its activities for the year just ended.
    Beginning cash balance $ 40,000
    Increase in accounts receivable 60,000
    Cash collections from customers 50,000
    Purchase of property, plant and equipment 15,000
    Decrease in accounts payable 28,000
    Cash paid to suppliers 10,000
    Issuance of common stock 4,000
    Net income 120,000
    Depreciation expense 8,000

    What are the sources of cash, and amounts, for the business during the period?

    What is the cash balance at the end of the year?

    $2.19