Ch20_P04A - 1.1 Mar 6 Bought merchandise on account $85,000...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 20-4A Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Ratios and Working Capital M1 M4:S35 Given Data V1
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REPORT REFERENCE Given Data V1 0 0 SPATS Problem 20-4A Metro Corporation Ratios and Working Capital Current Quick Current Current Acid-Test Working Transaction Assets Assets Liabilities Ratio Ratio Capital
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Given Data: Metro Corporation Current assets, beginning of March $750,000 Current ratio, beginning of March 2.5 Acid-test ratio, beginning of March
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Unformatted text preview: 1.1 Mar 6 Bought merchandise on account $85,000 Mar 11 Sold merchandise that cost $68,000 Received from sale of merchandise $113,000 Mar 15 Collected account receivable $29,000 Mar 17 Paid account payable $31,000 Mar 19 Wrote off bad debt $13,000 Mar 24 Declared cash dividend 1.25 Shares of outstanding common shares 40,000 Mar 28 Paid dividend ? Mar 29 Borrowed on 30-day, 10% note $85,000 Mar 30 Borrowed on long-term secured note $100,000 Mar 31 Bought machinery with proceeds of notes $185,000 Check figure: Working capital 3/31 $360,000...
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Ch20_P04A - 1.1 Mar 6 Bought merchandise on account $85,000...

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