Economics - -0-Furniture & Fixtures (net),...

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Accounts receivable, beginning Add sales _______ Maximum owed by customers Less cash received from customers ? Accounts receivable, ending _______ Inventory, beginning Add purchases on account ? Maximum inventory available Less cost of goods sold _______ Inventory, ending _______ Accounts payable, beginning Add purchases on account _______ Maximum owed to suppliers Less cash paid to suppliers ? Accounts payable, ending _______ Prepaid insurance, beginning Add cash paid for insurance ? Maximum insurance available Less insurance expense _______ Prepaid insurance, ending _______ Add purchases ? Less depreciation expense Less book value of furniture & fixtures sold
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Unformatted text preview: -0-Furniture & Fixtures (net), ending _______ Accumulated depreciation, beginning Add depreciation expense ______ Maximum accumulated depreciation Less depreciation associated with sale ? Accumulated depreciation, ending ______ If NET approach: Beginning Net PPE Add Bought ______ Less Sold Depreciation Expense ______ Ending Net PPE ______ Beginning Retained Earnings Plus or Minus Prior Period Adjustment Plus Net Income or Minus Net Loss Less Dividends Declared Ending Retained Earnings Beginning Dividends Payable Plus dividends declared Less dividends paid Ending Dividends Payable...
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Economics - -0-Furniture & Fixtures (net),...

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