Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do you do this problem? DAOU E E Accounting 2037 Qu Search in Document @ Home Insert Design Layout References Mailings Review View Acrobat

image text in transcribed

How do you do this problem?

DAOU E E Accounting 2037 Qu Search in Document @ Home Insert Design Layout References Mailings Review View Acrobat 9+ Share A A. A I.EE 14 Aa Bbc dee Calibri (Body 12 A- A Uabe mbe Xxx' A AaBbcode Na Swing Paste . A = AaBbccDc : AaB5CcDde AaBb AaBbccodec AOBUCCDdae Hewling1 Heading 2 Tile Suatillo Sub Empl.. Normal AoBbc Dalee 1 Empi Styles Pance Check for Updates Office Update To keep up-to-date with security updates, fixes, and improvements, choose Chack for Updates ACCOUNTING 2037 Balance Sheet Year 1 Year 2 Year 3 Assets Cash Supplies Accounts Receivable Inventory Building Accumulated Deressation Book Value of Building Investments Total Assets 22.000 5,000 25,000 17,000 80,000 25,000 60,000 10,000 139,000 40.000 2,000 40,000 SOCO 100,000 30,000 70,000 1,000 161,000 50,000 10,000 55.000 35,000 14,000 100,000 10,000 260,000 15,000 Liabilities Accounts Payable Notes Payable Interest Payable Total Liabilities 10,000 20,000 9,000 99,000 40,000 100,000 16.000 140,000 Owns Equity Retained Earnings Stock Total Owners Equity 30,000 10,000 40,000 75.000 70.000 145,000 50,000 70,000 120,000 Total Liabilities & Owners Equity Equity 139,000 161,000 260,000 Income Statement Revenues COGS Gross Profit Supplies Expense Reprecation Cxpense Interest Expense Marketing Expense Net Income Year 2 110,000 25,000 85,000 6,000 5,000 1,000 2,000 71.000 Year 3 125,000 35,000 20,000 5,000 5,000 2,000 1,000 77.000 Using the above information, what is Cash Received from Customers for Year 3? 110,000 Pagn 12 of 12 1957 words DE English (United States) ---100%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

What are the role of supervisors ?

Answered: 1 week ago