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More Practice! Consider the following 1 0 days, answer questions about each of your 4 accounts ( Inventory , Cash, AR , & AP )
More Practice! Consider the following days, answer questions about each of your accounts Inventory Cash, AR & AP and your Net Worth. Remember, as always, start with $ in cash and squares in inventory.
NOTE: This is a good time to see if your Excel spreadsheet is working correctly. Consider using that to answer these questions.
Day # of Squares Sold Selling Market Price # of Sheets Purchased Purchasing Market Price
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
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How much do you have in Accounts Receivable at the end of Day
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How much do you have in Accounts Payable at the end of Day
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How many squares do you have in Inventory at the end of Day
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How much do you have in Cash at the end of Day
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What is your inventory value at the end of Day
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What is your Net Worth at the end of Day
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