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I need help placing the effects of the T-Accounts between your 20X1 and 20X2. Thanks GOTHAM EXAMPLE ou've been given a 3-year Bal Cash Flow
I need help placing the effects of the T-Accounts between your 20X1 and 20X2. Thanks
GOTHAM EXAMPLE ou've been given a 3-year Bal Cash Flow Statement in good form for Gotham for the 20X1 and 20X2. Balance Sheet Gotham as of 12/31 ance Sheet and a a 2-year Income Statement for Gotham, Inc. Use those to create a 20X2 20X0 20X1 ASSETS: 80,500 40,00033,000 Cash Accounts Receivabte 100,000 25 5,000 15 10,000 20,000 172,000 20,000 152,000 295,500 Investment Equipment Accumulated Depreciation BV.of Equipment 25,000 100,000100,000 15,000 85,000 283,000 90,000 235,000 TOTAL ASSETS LIABILITIES: 100,000 35,000 125,000 100,00075,000 Notes Payable Bonds Payable Interest-Payable 202,500 200,000 TOTAL LIABILITIES 165,000 OWNERS EQUITY 53,000 40,000 93,000 295,500 50,000 20,000 70,000 235,000 Stock Retained Earnings 30,000 83,000 283,000 TOTAL O TOTAL LIABILITIES & OE Income Statement ABC Company for 20X2 20x2 20X1 80,000 100,000 50,000 Revenues COGS Gross Profit 60,000 20,00 8,000 5,000 5,000 2,000 5,000 2,.000 Interest Expense Depreciation Expense Supplies Expense 11,000 32,000 Net Income Assets Liabilities Owners Equity GOTHAM EXAMPLE ou've been given a 3-year Bal Cash Flow Statement in good form for Gotham for the 20X1 and 20X2. Balance Sheet Gotham as of 12/31 ance Sheet and a a 2-year Income Statement for Gotham, Inc. Use those to create a 20X2 20X0 20X1 ASSETS: 80,500 40,00033,000 Cash Accounts Receivabte 100,000 25 5,000 15 10,000 20,000 172,000 20,000 152,000 295,500 Investment Equipment Accumulated Depreciation BV.of Equipment 25,000 100,000100,000 15,000 85,000 283,000 90,000 235,000 TOTAL ASSETS LIABILITIES: 100,000 35,000 125,000 100,00075,000 Notes Payable Bonds Payable Interest-Payable 202,500 200,000 TOTAL LIABILITIES 165,000 OWNERS EQUITY 53,000 40,000 93,000 295,500 50,000 20,000 70,000 235,000 Stock Retained Earnings 30,000 83,000 283,000 TOTAL O TOTAL LIABILITIES & OE Income Statement ABC Company for 20X2 20x2 20X1 80,000 100,000 50,000 Revenues COGS Gross Profit 60,000 20,00 8,000 5,000 5,000 2,000 5,000 2,.000 Interest Expense Depreciation Expense Supplies Expense 11,000 32,000 Net Income Assets Liabilities Owners EquityStep by Step Solution
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