chapter10 question 15

chapter10 question 15 - Cash Receivable Net Deposits net...

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Chapter 10 Question #15 The “Accounts Receivable, Net” column could be split into two columns, one for “Accounts Receivable” which would have the beginning balance and transaction 8, and “Allowance for Uncollectible Accounts” which would have transaction 11. The Accounts Receivable ending balance would be $3. The Allowance for Uncollectible Accounts would have an ending balance of ($1). Net amount of 2$ Assets = Liabilities and Net Assets Net Assets Tempo- Perma- Pledges Acc. Rec. Equip., Accounts Wages Notes rarily nently
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Unformatted text preview: Cash Receivable Net Deposits net Payable Payable Payable Restricted Restricted 80 320 6 0 0 550 2 2 250 372 30 300 #1 #2 100 (100) #3 (20) 35 15 #4 (30) 30 #5 (50) (30) 80 #6 74 74 #7 (68) 5 (73) Wage expense #8 56 (3) 53 Sales revenue #8 cont. (32) (32) #9 (134) (127) (7) Interest expense #10 (60) (60) #11 (1) (1) $8 $220 $2 $3 $0 $570 $17 $7 $123 $326 $30 $300 (000s omitted) Inventor y Unrestr icted Beginning Balance Admission revenue Cost of goods sold Depreciation expense Bad debt expense End Balance...
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