Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3: (10 Points) A1, B1, C1, C2, D3 Dose Cor. reported the following accounts balances: Account 2018 2017 Difference Account receivables 850,000 900,000 50,000

image text in transcribed
Question 3: (10 Points) A1, B1, C1, C2, D3 Dose Cor. reported the following accounts balances: Account 2018 2017 Difference Account receivables 850,000 900,000 50,000 Decrease Equipment 400,000 250,000 150,000 Increase Inventory 60,000 100,000 40,000 Decrease Accounts payable 150,000 75,000 75,000 Increase Notes payable 89,000 100,000 11,000 Decrease Dividends Long term liabilities 125,000 45,000 120,000 Increase Cash 6,86,000 145,000 - 0 Instructions: If you know that the Net Income for the year was $277,000; and the depreciation expenses 140,000 prepare the statement of cash flows for 2018. Question 4: (5 Points) A1, B1, C1, C2, D3 Station Corporation's adjusted trial balance contained the following asset accounts at December 31, 2018. Instructions: Prepare the current assets section of the balance sheet in the correct order taking into account liquidity. Cash 9,000 Non-Current Held-to-Maturity 15,000 Inventory 55,000 Accounts Receivable 33,000 Prepaid Rent 4,800 Unearned Revenue 9,000 Allowance for doubtful accounts 3,000 Copyrights 17,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

SAP Certified Application Associate Financial Accounting With SAP ERP 6 0

Authors: Kiran K ,Augustine D

1st Edition

1544118724, 978-1544118727

More Books

Students also viewed these Accounting questions