Balance Sheet June 3 0 th , Year 5 Assets Liabilities and Equity Cash 1 0 ,
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Question:
Balance Sheet June th Year
Assets Liabilities and Equity
Cash Accounts Payable
Accounts receivables Wages Payable
Inventory Income Tax Payable
Prepaid Insurance Notes Payables
Capital Assets Common Shares
Accumulated depreciation Retained Earnings
Total Assets Total Liabilities and Equity
The following are all transactions that happened during Year :
Made sales on account of $
Collected accounts receivable of $
Purchased merchandise on account of $
Determined cost of goods sold was $
Paid accounts payable for merchandise purchased of $
Paid wages to employees of $
Accrued wages expense and wages payable of $ at June th Year
Paid insurance premium of $ to extend coverage for three years.
Allocated $ of prepaid insurance to insurance expense.
Recorded Year total income tax expense and income tax payable of $
Paid income taxes to government of $this represents the final portion of Year taxes and initial installments of Year taxes
Depreciation for the year $
Required : What is the amount of Cash received paid from suppliers in year $
Required : What is the amount of cash paid for insurance in year $
Required : What is the amount of cash generated used by operations in year $
Required : What is amount of cash generated used by Insurance in year $
Required : What is amount of cash generated used by Accounts Payable in year $
Required : What is ending balance of Cash at the end of Year $
Required : What is ending balance of Prepaid Insurance at the end of Year $
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