Chapter 5 Problems - 1 Chapter 5 Problems Courtney Hix ACC...

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1 Chapter 5 Problems Courtney Hix ACC 201 Kristi Rayford June 11, 2011
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2 5-17 Assets = Liabilit y Equity Notes Typ e Classiy Cash Ar Allo w Capita l RE AS 75000 = NA NA 7500 0 Earned Revenue AE Operat ing 6200 0 -62000 = NA NA Collect ar AJE -260 = NA Na -260 Reserve End of 2010 6200 0 13000 -260 = 0 0 7474 0 AS 86500 = NA NA 8650 0 AE Operating 8500 0 -85000 = NA NA Earned Revenue AJE -1120 1120 = NA NA Write Off AJE 500 -500 = NA NA Reinstate AE Operating 500 -500 = NA NA Collect ar CE Operating -52600 = NA NA -52600 Pay exp -865 = NA NA -865 Reserve 9490 0 13380 -505 = 0 0 1077 5 Cash Flow Statement Income Statement Beginning cash 62000 Revenue 86500 Cash flow from operations: Expenses:
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Collections from customers 85500 Operating Expenses 52600 Payments to vendors and employees -52600 Bad Debt Expense 865 Net cash flow from operations 32900 Operating Income 33035 Investing cash flow 0 Financing cash flow 0 Ending cash 94900 Balance Sheet Cash 94900 Accounts Receivable 13380 Allowance for Bad Debts -505 Net 12875 Total Assets
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Chapter 5 Problems - 1 Chapter 5 Problems Courtney Hix ACC...

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