Acc20_Ch1-4_ProblemSolutions

Acc20_Ch1-4_ProblemSolutions - Prob 15 b) Total assets =...

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Unformatted text preview: Prob 15 b) Total assets = $33,650 c) Net income = $4,650 d) Total cash disbursements = $9,750 Prob 24 c) Total assets as of 6/30 = $155,600 Prob 25 Total assets as of 1/31 = $85,200 Prob 33 CGS for the period = $74,000 Prob 36 Prepaid insurance value as of 12/31/X6 = $11,250 Prob 43 c) CGS = $1,280 d) Ending cash balance = $2,390 Ending owners' equity = $5,530 ...
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This note was uploaded on 07/28/2009 for the course ACC Acc20 taught by Professor Darwinyu during the Spring '09 term at Ateneo de Manila University.

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