Week 13 - 8b $35,000 of net operating cash flow year 1 (Q...

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WEEK 13 ANSWERS Question 8: 1 C 2 B Wage Expense 45,000.00 3 D Wages Payable 5,000.00 4 A calculate year 1. Cash 50,000.00 5 B calculate year 2. 6 D Wage Expense 10,000.00 7 E answer is $189,000 Wages Payable 10,000.00 8 B 8a $169,000 accrual net income for Q 7 year 1` $180,000 accrual net income for Q 6 year 2` Can be combined in to a single entry:
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Unformatted text preview: 8b $35,000 of net operating cash flow year 1 (Q #6) $60,000 of net operating cash flow year 2 (Q #6) Wage Expense 55,000.00 $50,000 of net operating cash flow year 1 (Q #7) Wages Payable 5,000.00 $120,000 of net operating cash flow year 2 (Q #7) Cash 50,000.00 9 A 10 B 11 D...
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This note was uploaded on 02/14/2011 for the course ACCY 202 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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