1-6A - $192,000 k Cash received from customers $120,000 l...

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Problem 1-6A Name: Section: Enter the appropriate amount in the shaded cells. An asterisk (*) will appear next an incorrect amount. a. Fees earned $120,000 b. Supplies expense $12,000 c. Retained earnings, June 1, 2008 $0 d. Net income for June $49,600 e. Increase in retained earnings $25,600 f. Retained earnings, June 30, 2008 $25,600 g. Total assets $192,000 h. Retained earnings $25,600 i. Total stockholders' equity $185,600 j. Total liabilities and stockholders' equity
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Unformatted text preview: $192,000 k. Cash received from customers $120,000 l. Net cash flow from operating activities $41,800 m. Cash payments for acquisition of land $(160,000) n. Cash received from issuing capital stock $160,000 o. Cash dividends $(24,000) p. Net cash flow from financing activities $136,000 q. Net cash flow and June 30, 2008, cash balance $17,800...
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