Horizontal Analysis Two income statements for Paragon Company are shown below. Paragon Company Income Statements For Years Ended December 31 2016 2015 Fees eamed Operating expenses $1,416,000 1,044,000 $372,000 $1,200,000 900,000 $300,000 Net income Prepare a horizontal analysis of Paragon Company's income statements. * Paragon Company Income Statements For Years Ended December 31 2016 2015 Amount Increase/(Decrease) Percentage Increase/(Decrease) Fees earned $1,416,000 $1,200,000 Operating expenses 1,044,000 900,000 Net Income $372,000 $300,000 90 Cash Account Balance During the month, Warwick Co. received $515,000 in cash and paid out $375,000 in cash. a. Do the data indicate that Warwick Co. had net income of $140,000 during the month? b. If the balance of the cash account is $200,000 at the end of the month, what was the cash balance at the beginning of the month? Account balances During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 balance of Accounts Payable was $59,900, determine the account balance on February 1. $ On October 1, the accounts recevable account balance was $115,800. During October, $449,600 was collected from customers on account. Assuming the October 31 balance was $130,770 determine the fees bitted to customers on account daring October On April 1, the cash account balance was $46,220. During Apri, cash receipts totaled $248,600 and the April 30 balance was $56,770. Determine the cash payments made during Apras Transactions Value Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable Supplies, Office Equipment; Accounts Payable; Cammy Sardine, Capital; Cammy Jardine, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for March 2016 Mar. 1. Pald rent for the month, $2,500. 3. Paid advertising expense, $675. 5. Pald cash for supplies, 51,250, 6. Purchased office equipment on account, $9,500 10. Received cash from customers on account, $16,550. 15: Paid creditor on account, $3,180 27. Paid cash for repairs to office equipment, 5540 30. Poid telephone bill for the month, 5375 310 Fees canned and build to customers for the month, 549,770 31. Paid electroly be for the month, $830, 31. Withdrew cash for personal use, 31,750. 2016 March