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Selected Balances from Amplec Company's Records Are as Follows  December 31\text { December } 31

Question 130

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Selected balances from Amplec Company's records are as follows:
 December 31\text { December } 31
 Year 1  Year 2  Merchandise inventory 6,5004,990 Accounts payable 17,20012,560 Wages payable 2,2001,400 Accounts receivable 22,00015,000 Total assets $47,900$33,950 Sales 153,000 Cost of goods sold 54,000 Salaries expense 42,000 Other expense 6,000 Profit $51,000\begin{array}{|l|r|r|}\hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Merchandise inventory } & 6,500 & 4,990 \\\hline \text { Accounts payable } & 17,200 & 12,560 \\\hline \text { Wages payable } & 2,200 & 1,400 \\\hline \text { Accounts receivable } & 22,000 & \underline{15,000} \\\hline \text { Total assets } & \$ 47,900 & \$ 33,950 \\\hline\\\hline \text { Sales } & & 153,000 \\\hline \text { Cost of goods sold } & & 54,000 \\\hline \text { Salaries expense } & & 42,000 \\\hline \text { Other expense } & & 6,000 \\\hline \text { Profit } & & \$ 51,000\\\hline\end{array} Calculate the following for Year 2
(a)Cash payments made for merchandise.
(b)Cash receipts from customers.
(c)Cash payments for wages.

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