Final - P3- 1Statement of Cash FlowsAssetsCash +Accts. Rec...

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Unformatted text preview: P3- 1Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 1, 2011$20,000$24,500$700$1,000Received Rent in Adv.$18,000$0$0$0Balance$38,000$24,500$700$1,000Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 1, 2011$38,000$24,500$700$1,000Paid Insurance Premium-$4,200$0$4,200$0Balance$33,800$24,500$4,900$1,000Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 6, 2011$33,800$24,500$4,900$1,000Pur. Supplies$0$0$0$1,800Balance$33,800$24,500$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 9, 2011$33,800$24,500$4,900$2,800Collected Cash on Acc.$17,500-$17,500$0$0Balance$51,300$7,000$4,900$2,800AssetsStatement of Cash FlowsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 11, 2011$51,300$7,000$4,900$2,800Paid on Acc.-$3,000$0$0$0Balance$48,300$7,000$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 18, 2011$48,300$7,000$4,900$2,800Issued Capital Stock$50,000$0$0$0Balance$98,300$7,000$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 20, 2011$98,300$7,000$4,900$2,800Fees Earned on Acc.$0$49,000$0$0Balance$98,300$56,000$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 25, 2011$98,300$56,000$4,900$2,800Fees Earned for Cash$12,900$0$0$0Balance $111,200$56,000$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 30, 2011 $111,200$56,000$4,900$2,800Paid Expenses-$37,700$0$0$0Balance$73,500$56,000$4,900$2,800Statement of Cash FlowsAssetsCash +Accts. Rec +Paid Insurance +Supp. +Balances, July 30, 2011$73,500$56,000$4,900$2,800Paid Dividends-$10,000$0$0$0Balance$63,500$56,000$4,900$2,800Statemant of Cash FlowsInsurance expenCash +Accts. Rec +Paid Insurance +Supp. +Balances July 1, 2011$20,000$24,500$700$1,000Received Rent in Adv.$18,000Paid Insurance Premium-$4,200$4,200Pur. Supplies$1,800Collected Cash on Acc.$17,500-$17,500Paid on Acc.-$3,000Issued Capital Stock$50,000Fees Earned on Acc.$49,000Fees Earned for Cash$12,900Paid Expenses-$37,700Paid Dividends-$10,000Balances July 31, 2011$63,500$56,000$4,900$2,800Balance Sheet=Liabilities+Building -Acc. Dep. +Land=Accts. Pay +$150,000-$11,200$120,000=$7,500$0$0$0$0=$0$0$150,000-$11,200$120,000=$7,500$0Balance Sheet=Liabilities+Building -Acc. Dep. +Land=Accts. Pay +$150,000-$11,200$120,000$7,500$0$0$0$0=$0$0$150,000-$11,200$120,000=$7,500$0Balance Sheet=Liabilities+Building -Acc. Dep. +Land=Accts. Pay +$150,000-$11,200$120,000=$7,500$0$0$0$0=$0$1,800$150,000-$11,200$120,000=$7,500$1,800Balance Sheet=Liabilities+Building -Acc. Dep. +Land=Accts. Pay +$150,000-$11,200$120,000=$7,500$1,800$0$0$0=$0$0$150,000-$11,200$120,000=$7,500$1,800Balance Sheet=Liabilities+Unearned Revenue +Unearned Revenue +Unearned Revenue +Unearned Revenue +Building -Acc. Dep. +Land=Accts. Pay +$150,000-$11,200$120,000...
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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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Final - P3- 1Statement of Cash FlowsAssetsCash +Accts. Rec...

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