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Calculate the ending cash balance for year 2010. Marlett Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 1,250 Accumulated
Calculate the ending cash balance for year 2010.
Marlett Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 1,250 Accumulated depreciation 1,000 1,400 Common stock 4,500 5500 Paid-in capital 7,500 8500 Retained earnings 1,500 3,500 Accounts payable 750 950 Based on the information in Table 3-3, calculate the ending cash balance for year 2010. Assume that there were no changes in any other asset or liability accounts, and that the ending cash balance for 2009 was $100.
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