{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T19:08:55-04:00", "answer_date": "2024-05-21 19:08:55", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1469914", "url": "\/study-help\/questions\/ultra-day-spa-provided-89200-of-services-during-year-1-1469914", "question_creation_date_js": "2024-05-21T19:08:55-04:00", "question_creation_date": "May 21, 2024 07:08 PM", "meta_title": "[Solved] Ultra Day Spa provided $89,200 of service | SolutionInn", "meta_description": "Answer of - Ultra Day Spa provided $89,200 of services during Year 1. All customers paid for the services with credit cards. Ultra | SolutionInn", "meta_keywords": "ultra,day,spa,provided,$89,200,services,year,1,customers,paid,credit,cards", "question_title_h1": " Ultra Day Spa provided $89,200 of services during Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card", "question_title": " Ultra Day Spa provided $89,200 of services during Year 1. All", "question_title_for_js_snippet": "Ultra Day Spa provided $89,200 of services during Year 1 All customers paid for the services with credit cards Ultra submitted the credit card receipts to the credit card company immediately The credit card company paid Ultra cash in the amount of face value less a 3 percent service charge Required a Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA) Leave blank to indicate that an element is not affected by the event b Based on this information alone, answer the following questions (1) What is the amount of total assets at the end of the accounting period (2) What is the amount of revenue reported on the income statement (3) What is the amount of cash flow from operating activities reported on the statement of cash flows Complete this question by entering your answers in the tabs below Required A Required B Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model In the Statement of Cash Flows col Indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA) Leave blank to indicate that an element is not affected by the eve (Enter any decreases to account balances and cash outflows with a minus sign Round your answers to nearest whole dollar ) Show ULTRA DAY SPA Horizontal Statements Model Balance Sheet Income Statement Stockholders Assets Event Equity Liabilities Cash Accounts Receivable Retained Earnings Revenue Expense Net Income Statement of Cash Flows 1 2 Required A Required B Required A Required B Based on this information alone, answer the following questions (1) What is the amount of total assets at the end of the accounting period (2) What is the amount of revenue reported on the income statement (3) What is the amount of cash flow from operating activities reported on the statement of cash flows (Round your answers to nearest whole dollar ) (1) Total assets (2) Revenue recognized (3) Cash flow from operating activities Show less A", "question_description": "\"image\"image\"image", "transcribed_text": "Ultra Day Spa provided $89,200 of services during Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card receipts to the credit card company immediately. The credit card company paid Ultra cash in the amount of face value less a 3 percent service charge. Required a. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element is not affected by the event. b. Based on this information alone, answer the following questions: (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? Complete this question by entering your answers in the tabs below. Required A Required B Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model. In the Statement of Cash Flows col Indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element is not affected by the eve (Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to nearest whole dollar.) Show ULTRA DAY SPA Horizontal Statements Model Balance Sheet Income Statement Stockholders Assets Event Equity Liabilities Cash Accounts Receivable Retained Earnings Revenue Expense Net Income Statement of Cash Flows 1. 2 Required A Required B > Required A Required B Based on this information alone, answer the following questions: (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? (Round your answers to nearest whole dollar.) (1) Total assets (2) Revenue recognized (3) Cash flow from operating activities Show less A", "related_book": { "title": "Intermediate Accounting", "isbn": "125972266X, 9781259722660", "edition": "9th Edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/633fd2e6b6ace_1265.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-edition-1265", "see_more_uri": "" }, "free_related_book": { "isbn": "9389825563", "uri": "\/textbooks\/human-resource-management-1st-edition-978-9389825565-233587", "name": "Human Resource Management", "edition": "1st Edition" }, "question_posted": "2024-05-21 19:08:55", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/college-algebra-graphs-and-models\/in-exercises-7192-find-and-simplify-the-difference-quotient-fx-hfx-h-h-0-1040882", "description": "In Exercises 7192, find and simplify the difference quotient f(x +h)-f(x) h -, h = 0", "stars": 3 }, { "url": "\/the-positions-of-three-particles-written-as-x-y-coordinates", "description": "The positions of three particles, written as (x, y) coordinates, are: particle 1 (mass 4.0 kg) at (4.0 m, 0 m); particle 2 (mass 6.0 kg) at (2.0 m, 4.0 m); particle 3 (mass 3.0 kg) at (1.0 m, 2.0...", "stars": 3 }, { "url": "\/study-help\/management-accounting\/thematic-essay-management-accounting-is-indeed-a-branch-of-applied-1821268", "description": "Thematic essay: Management accounting is indeed a branch of applied economics. 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