MBA800X12 - a b c d Inventory Accounts Payable 900 900 Cash...

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a. Inventory 900 Accounts Payable 900 b. Cash 650 Accounts Receivable 2050 Sales 2700 c. Accounts Payable 1200 Cash 1200 d. Cash 1800 Accounts Receivable 1800 e. Wages Expense 940 Cash 940 f. Prepaid Rent 1200 Cash 1200 g. Utilities Expense 120 Cash 120 h. Dividends Paid 200 Cash 200 i. Wages Payable 30 Wages Expense 30 Utilities Expense 40 Utilities Payable 40 Cost of Goods Sold 1300
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Inventory 1300 Depreciation Expense 70 Accumulated Depreciation 70 Rent Expense 900 Prepaid Rent 900 j. Sales 2700 Income Summary 2700 Income Summary 3340 Wages Expense 910 Utilities Expense 160 Cost of Goods Sold 1300 Depreciation Expense 70 Rent Expense 900 Retained Earnings 640 Income Summary 640 Retained Earnings 200 Dividends Paid 200 Cash Flow: Operations: Cash Sales $650 Cash Collections from Customers 1,800 Cash Payments on Account (1,200) Cash Wages (940) Cash paid for rent (1,200) Cash utilities payments (120)
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Cash Outflow from Opertations $(1,010) Financing: Paid Dividends $(200) Net Cash Outflow
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MBA800X12 - a b c d Inventory Accounts Payable 900 900 Cash...

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