Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2010 2020 2010 2020 2000 Cash 2000 2500 NP 2200 1800 Revenue 6500 Marketable Sec 1000 1200 AP 1200 900 COGS only supplies 2000 Gross

image text in transcribed
image text in transcribed
2010 2020 2010 2020 2000 Cash 2000 2500 NP 2200 1800 Revenue 6500 Marketable Sec 1000 1200 AP 1200 900 COGS only supplies 2000 Gross Profit 4500 2300 1800 Accrued Expense 200 300 AR Inventory 1400 1100 100 100 1200 |Opix 1000 200 400 700 Prepaid Expense 1100 7700 Salaries Payablo Taxes Payable Total Stuabiti Long Term Libri Depreciation EBIT 2300 6900 4100 3800 Total Current Asset 3000 4200 Internet 1400 EBT 300 Cross Fixed Asset 12300 13700 Tax 100 4300 5300 Accumulated depreciation Net Income 700 3000 8400 Net Fixed Asset Common Stock 1000 1000 Prepaid Expenses 2300 3000 Retained Eaming 3900 4000 Total Liabilities and Shq 14900 10000 14900 16100 Total Asset how much inventory purchased how much cash paid for the inventory = how much cash paid for the tax = how much cash collected from the customers = Op Act Inv Act Fin Act

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

11th Edition

0072834943, 9780072834949

More Books

Students also viewed these Accounting questions

Question

In which ways would you measure training success? Explain.

Answered: 1 week ago

Question

Evaluate Meyers and Browns approach to career development.

Answered: 1 week ago