Unformatted text preview: 16,500.00 7. How much net income (or net loss) is reported on December 31? (195.16) 8. What is the account balance in the Supplies account on December 31? 3,250 9. What is the account balance in the Accounts Payable account on December 31? 11,200 10. What is the total capital balance on December 31? 81,504.84 11. Is there an Increase or Decrease in cash for the month of December? decrease 12. Were any Accounts Payable incurred during the month of December? Yes...
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This note was uploaded on 10/30/2010 for the course FIN 320 ASDFI taught by Professor Asdf during the Spring '09 term at University of Phoenix.
- Spring '09