Treat each part of this problem as independent of the others.
a)At January 1,2012,the amount of accounts receivable was $20,000.Cash collected on accounts receivable during the year was $75,000.At December 31,2012,the amount of accounts receivable was $30,000.What were the revenues earned on account during 2012?
b)At January 1,2012,accounts payable was $17,000.During 2012,expenses on account were $28,000.At December 31,2012,accounts payable was $15,000.What was the amount of cash paid on accounts payable during 2012?
c)At January 1,2012,the balance in the Retained Earnings account was $7,200.During the year,revenue earned was $19,800 and expenses incurred were $7,400.At December 31,2012,the balance in the retained earnings account was $14,200.What was the amount of cash dividends paid to stockholders during 2012?

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The Answer of Treat each part of this problem as independent of the others.
a)At January 1,2012,the amount of accounts receivable was $20,000.Cash collected on accounts receivable during the year was $75,000.At December 31,2012,the amount of accounts receivable was $30,000.What were the revenues earned on account during 2012?
b)At January 1,2012,accounts payable was $17,000.During 2012,expenses on account were $28,000.At December 31,2012,accounts payable was $15,000.What was the amount of cash paid on accounts payable during 2012?
c)At January 1,2012,the balance in the Retained Earnings account was $7,200.During the year,revenue earned was $19,800 and expenses incurred were $7,400.At December 31,2012,the balance in the retained earnings account was $14,200.What was the amount of cash dividends paid to stockholders during 2012?

Treat Each Part of This Problem as Independent of the Others