For each of the following separate cases,use the information provided to calculate the missing cash inflow or cash outflow:
(a)

\begin{array}{|l|r|}\hline \text { Accounts receivable balances: } & \\\hline \text { Beginning of year } & \$ 60,000 \\\hline \text { End of year } & 57,000 \\\hline \text { Sales revenue (all on credit) } & 375,000 \\\hline \text { Cash received from customers } & \$ \\\hline\end{array}

(b)

\begin{array}{|l|r|}\hline \text { Accounts payable balances: } & \\\hline \text { Beginning of year } & \$ 42,000 \\\hline \text { End of year } & 45,000 \\\hline \text { Merchandise inventory balances: } & \\\hline \text { Beginning of year } & 50,000\\\hline \text { End of year } & 47,500\\ \hline \text { Cost of goods sold } & 250,000\\\hline \text { Cash paid for merchandise inventory } & \$ \\\hline\end{array}

(c)

\begin{array}{|l|r|}\hline \text { Interest payable balances: } & \\\hline \text { Beginning of year } & \$ 7,500 \\\hline \text { End of year } & 9,200 \\\hline \text { Interest expense } & 35,000 \\\hline \text { Cash paid for interest } & \$ \\\hline\end{array}

Holly Company's Accounts Receivable Increased During the Year by $8

Multiple Choice