Business, 24.10.2019 04:00 xsanexensprocke7341

During year 1, hardy merchandising company purchased $17,000 of inventory on account. hardy sold inventory on account that cost $12,800 for $19,100. cash payments on accounts payable were $10,600. there was $17,000 cash collected from accounts receivable. hardy also paid $3,700 cash for operating expenses. assume that hardy started the accounting period with $23,500 in both cash and common stock.

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During year 1, hardy merchandising company purchased $17,000 of inventory on account. hardy sold inv...

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