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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