WebCT%20Vista%20Self%20Assessment%20Answers

WebCT%20Vista%20Self%20Assessment%20Answers - VERSION 1 Q1...

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VERSION 1 Q1 Accounts Receivable o/b 50,000 ADD 40,000 Sales 120,000 discount 5,000 Cash 65,000 c/b 60,000 170,000 170,000 c/b 60,000 Cash received from customers 245,000 (credit sales + cash sales) Q2 Accounts Receivable ADD o/b 95,000 o/b 13,000 Sales 400,000 ADD 19,000 AR 19,000 BDE 12,000 Cash 406,000 c/b 70,000 c/b 6,000 495,000 495,000 25,000 25,000 c/b 70,000 c/b 6,000 Cash received from customers 586,000 (credit sales + cash sales) Q3 ZERO Q4 Accrued Expenses o/b 30,000 Cash 100,000 Other Exp 80,000 c/b 10,000 110,000 110,000 c/b 10,000 Cash paid for other expenses 100,000 Q5 Inventory o/b 20,000 AP 510,000 COGS 500,000 c/b 30,000 530000 530000 c/b 30,000 Purchase of inventory 510,000 1
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Q6 AP o/b 38,000 Cash 501,000 Inventory 510,000 c/b 47,000 548,000 548000 c/b 47,000 Cash paid to suppliers 501,000 2
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VERSION 2 Q1 Accounts Receivable o/b 60,000 Sales 120,000 ADD 40,000 discount 5,000 Cash 85,000 c/b 50,000 Cash received from customers 205,000 (credit sales + cash sales) Q2 Inventory
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This note was uploaded on 01/31/2012 for the course ACCT acct taught by Professor A during the Three '11 term at University of New South Wales.

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WebCT%20Vista%20Self%20Assessment%20Answers - VERSION 1 Q1...

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