Problem 3-1, 3-2, and 3-6

Problem 3-1, 3-2, and 3-6 - Problem 3-1 Assets =...

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Assets = Accts. Prepaid Acc. Accts. Cash + Rec. + Ins. + Supp. + Bldg. - Dep. + Land = Pay Bal. Jan. 1 $10,400 ### $360 $560 ### ### ### $3,800 Jan. 1 $8,100 Balances $18,500 $13,500 $360 $560 $90,000 -$7,200 $45,000 $3,800 Jan. 1 -$3,600 $3,600 Balances $14,900 $13,500 $3,960 $560 $90,000 -$7,200 $45,000 $3,800 Jan. 4 $950 $950 Balances $14,900 $13,500 $3,960 $1,510 $90,000 -$7,200 $45,000 $4,750 Jan. 5 $9,000 -$9,000 Balances $23,900 $4,500 $3,960 $1,510 $90,000 -$7,200 $45,000 $4,750 Jan. 11 -$1,600 -$1,600 Balances $22,300 $4,500 $3,960 $1,510 $90,000 -$7,200 $45,000 $3,150 Jan. 18 $45,000 Balances $67,300 $4,500 $3,960 $1,510 $90,000 -$7,200 $45,000 $3,150 Jan. 20 $24,800 Balances $67,300 $29,300 $3,960 $1,510 $90,000 -$7,200 $45,000 $3,150 Jan. 25 $6,800 Balances $74,100 $29,300 $3,960 $1,510 $90,000 -$7,200 $45,000 $3,150 Jan. 29 -$19,700 Balances $54,400 $29,300 $3,960 $1,510 $90,000 -$7,200 $45,000 $3,150 Jan. 29 -$2,000 Balances $52,400 ### $3,960 ### ### ### ### $3,150 Cash Flow Statement Operating $8,100 Operating -$3,600 Operating $9,000 Operating -$1,600 Financing $45,000 Operating $6,800 Operating -$19,700 Financing -$2,000 Net Increase $42,000 Beginning $10,400 Ending $52,400 Problem 3-2 Assets = All entries on Accts. Prepaid Acc. Accts. 31-Jan Cash + Rec. + Ins. + Supp. + Bldg. - Dep. + Land = Pay Balances $52,400 ### $3,960 ### ### ### ### $3,150 Expired Insurance -$300 Balances $52,400 $47,300 $3,660 $1,510 $90,000 -$7,200 $45,000 $3,150 Supplies used -$925 Balances $52,400
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This note was uploaded on 05/01/2008 for the course ACC 2301 taught by Professor Staff during the Spring '08 term at Texas State.

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Problem 3-1, 3-2, and 3-6 - Problem 3-1 Assets =...

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