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ens e x D AM Cloud-Authe x-t', Section Selocton Connect MHE Reader xCourse Home x xNew Tab htm justing Entries Help Save Stanley and
ens e x \ D AM Cloud-Authe x-t', Section Selocton Connect MHE Reader xCourse Home x xNew Tab htm justing Entries Help Save Stanley and Jones Lawn Service Company (S.&J) maintains its books on a cash basis. However, the company recenty borrowed $190,000 from a local bank and the bank requires S&.J to provide annual financial statements prepared on an accrual basis. During 2018, the following cash flows were recorded: Cash collected from eustoners 410,000 Cash paid for Salaries $189,000 34,000 18,000 8,000 Supplies Miscellaneoas Net operating cash flow 29,00027 000 132,000 You are able to determine the following information about accounts receivable, prepaid expenses, and accrued liabilities January 1, 2018 December 31, 2011 $26,000 2,900 3,000 Accounts receivable Prepaid inaurance $30,000 1,900 3,300 Acerued liabilities (for misce11aneous expenses) 4,600 In addition, you learn that the bank loan was dated September 30, 2018, with principal and interest at 6% due in one year. Depreciat 4 5 6 8 9
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