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

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

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Problem 3-1 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 \$47,300 \$3,660 \$585 \$90,000 -\$7,200 \$45,000 \$3,150 Depreciation -\$1,800 Balances \$52,400 \$47,300 \$3,660 \$585 \$90,000 -\$9,000 \$45,000 \$3,150

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Earned Rent Balances \$52,400 \$47,300 \$3,660 \$585 \$90,000 -\$9,000 \$45,000 \$3,150 Wages owed, not paid Balances \$52,400 \$47,300 \$3,660 \$585 \$90,000 -\$9,000 \$45,000 \$3,150 Services, not billed \$3,850 Balances \$52,400 ### \$3,660 \$585 ### ### ### \$3,150 Cash Flow Statement Operating \$8,100 Operating -\$3,600 Operating \$9,000
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Problem 3-1, 3-2, and 3-6 - Problem 3-1 Assets =...

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