Question

QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500 paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 supplies still on hand Paid $960 in wages Net cash flow from operating activities for April 2020 is? ОА ов. Ос. OD. cash outflow of $3.920 cash outflow of $5,720 cash inflow of $5,720 cash inflow of $3.920 QUESTION 15 An amount entered into the right hand side of a T-account wit ОА decrease an expense, increase income, and increase equity OB decrease an asset, increase a liability, and decrease equity increase an asset decrease a liability, and decrease equity Ос OD decrease an asset, decrease a liability, and increase equity Click Save and Submit to save and submit. Click Save All Amers to save all answers Effa_pilot.pdf A LE NW.

Answer 1

Cash Inflow from receipt from customers	$                         300
Cash outflow for inventory purchased	$                    -2,700
Cash outflow for Supplies Purchased	$                       -560
Cash outflow for Wages Paid	$                       -960
Cash Outflow	$                    -3,920
So Option A is answer
An amount entered on the right hand side is a credit entry, So if a credit entry is passed then:
The Assets and expenses will Decrease and the Income, Liability and Equity will Increase
So Option A is the answer