ACG 5025 Final Brendan ONeal

ACG 5025 Final - Chapter 3 Problem 1 Balance Sheet Statement of Cash Flows Assets = Liabilities Income Statement Cash Accts Rec Paid Insurance Supp

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Unformatted text preview: Chapter 3. Problem 1 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 1, 2011 $20,000 $24,500 $700 $1,000 $150,000-$11,200 $120,000 = $7,500 $0 $0 $0 $0 $0 Received Rent in Adv. $18,000 $0 $0 $0 $0 $0 $0 = $0 $0 $0 $18,000 $0 $0 Balance $38,000 $24,500 $700 $1,000 $150,000-$11,200 $120,000 = $7,500 $0 $0 $18,000 $0 $0 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 1, 2011 $38,000 $24,500 $700 $1,000 $150,000-$11,200 $120,000 $7,500 $0 $0 $0 $20,000 $0 Paid Insurance Premium-$4,200 $0 $4,200 $0 $0 $0 $0 = $0 $0 $0 $0 $0 $0 Balance $33,800 $24,500 $4,900 $1,000 $150,000-$11,200 $120,000 = $7,500 $0 $0 $0 $20,000 $0 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 6, 2011 $33,800 $24,500 $4,900 $1,000 $150,000-$11,200 $120,000 = $7,500 $0 $0 $0 $20,000 $0 Pur. Supplies $0 $0 $0 $1,800 $0 $0 $0 = $0 $1,800 $0 $0 $0 $0 Balance $33,800 $24,500 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500 $1,800 $0 $0 $20,000 $0 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 9, 2011 $33,800 $24,500 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500 $1,800 $0 $0 $20,000 $0 Col ected Cash on Acc. $17,500-$17,500 $0 $0 $0 $0 $0 = $0 $0 $0 $0 $0 $0 Balance $51,300 $7,000 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500 $1,800 $0 $0 $20,000 $0 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 11, 2011 $51,300 $7,000 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500 $1,800 $0 $0 $20,000 $0 Paid on Acc.-$3,000 $0 $0 $0 $0 $0 $0 = $0-$3,000 $0 $0 $0 $0 Balance $48,300 $7,000 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500-$1,200 $0 $0 $20,000 $0 Balance Sheet Statement of Cash Flows Assets = Liabilities + + Income Statement Cash + Accts. Rec + Paid Insurance + Supp. + Building - Acc. Dep. + Land = Accts. Pay + Wages Paid + Capital Stock + Balances, July 18, 2011 $48,300 $7,000 $4,900 $2,800 $150,000-$11,200 $120,000 = $7,500-$1,200 $0 $0 $20,000 $0 Issued Capital Stock $50,000 $0 $0 $0 $0 $0 $0 = $0 $0 $0 $0 $50,000 $0 Balance $98,300...
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This note was uploaded on 01/30/2011 for the course ACG 5025 taught by Professor Kest during the Spring '10 term at Hodges University.

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ACG 5025 Final - Chapter 3 Problem 1 Balance Sheet Statement of Cash Flows Assets = Liabilities Income Statement Cash Accts Rec Paid Insurance Supp

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