Question
Use the following spreadsheet to answer the following questions: 1. What was the cash received for rent in 20X8? 2. What was the rent expense
Use the following spreadsheet to answer the following questions:
1. What was the cash received for rent in 20X8?
2. What was the rent expense in 20X8?
3. What was the cash received for dues in 20X8?
4. What was the interest revenue in 20X8?
5. What was the cash received from sale of investments in 20X8?
6. What was the cash paid for supplies in 20X8?
7. What were the furiture and fixture purchases in 20X8?
8. What was depreciation expense in 20X8?
9. What were the cash payments made on notes in 20X8?
10. What was the interest expense in 20X8?
11. What were general expenses in 20X8?
12. What were cash payments for general expenses in 20X8?
The Gastonia Athletic Club presented the following at the end of 20X8: Comparative Balance Sheets Supplemental Information: An purcnases or suppues were on account. Furniture and fixtures with an original cost of $2,000 and accumulated depreciation of $1,200 were sold for $1,400 in 20X8. Borrowings of $3,600 were made on notes payable in 20X8. Cash paid for interest was $1,260 in 20X8. There were no dividends or other distributions to members. The only change this year in Members' Equity is for the closing of the excess of accrual basis revenues over accrual basis expenses
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