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1. Cash T Account Analysis Assume the following information appeared on tax a 201x tax return: Source Use Form 1040 1040 1040 1040 1040 1040
1. Cash T Account Analysis Assume the following information appeared on tax a 201x tax return: Source Use Form 1040 1040 1040 1040 1040 1040 1040 Sch A Sch A Sch C Sch C Sch C Sch C Sch C Sch C Scd D Scd D Scd D 4562 4562 Form Description Transation Type Tax Return Wages Tax Return Dividend Income Tax Return Business Income Tax Return Capital Gain Tax Return Tax Witholding Tax Return Tax Payments (201x) Tax Return Amount You Owe Itemized Deductions State & Local Taxes Itemized Deductions Charitable Gifts Business Income Sales Business Income Contract Labor Business Income Depreciation Business Income Office Business Income Other Business Income Net Profit (or Loss) Captial Gain Proceeds Captial Gain Cost Captial Gain Gain Or (Loss) Depreciation Purchase of Assets Depreciation Write-off Amount 25,000 10,000 12,500 2,500 1,000 300 500 200 400 42,500 24,000 2,500 3,000 500 12,500 11,000 8,500 2,500 5,500 2,500 Net Cash Assignment: use the above Chart to estimate the sources and uses of cash as well as the total cash that can be compared to activities and balances in known accounts
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