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Unformatted text preview: $40,265 Problem 1-6A - See page 40 of the textbook. Name: Sondra Stark Section: 02AU Enter the appropriate amount in the dark green shaded cells. An asterisk (*) will appear next an incorrect amount. a. Fees earned $120,000 b. Supplies expense $12,000 c. Andrea Merkel, capital, June 1, 2008 $0 d. Net income for June $49,600 e. (Subtotal) $209,600 f. Increase in owner's equity $185,600 g. Andrea Merkel, capital, June 30, 2008 $185,600 h. Total assets $192,000 i. Andrea Merkel, capital $185,600 j. Total liabilities and owner's equity $192,000 k. Cash received from customers $17,800 ### l. Net cash flow from operating activities $96,000 * m. Cash payments for acquisition of land $(160,000) n. Cash received as owner's investment $160,000 o. Cash withdrawal by owner $(24,000) p. Net cash flow from financing activities $144,000 * q. Net cash flow and June 30, 2008, cash balance $17,800...
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This note was uploaded on 05/06/2011 for the course ACCT 114 taught by Professor Cummings during the Spring '08 term at Kaplan University.
- Spring '08
- Income Statement