Question

The following figures were taken from the 2011 and 2012 
Balance Sheet
2011 2012
Cash 30
A/R
Inventory
Supplies
PP&E
Accumulated Depreciation 
Total assets
You can make up numbers here
AP 2012 2011
Deperditon Payable
Note Payable
Common Stock
Retained earnings
Total liabilities and equity 260 
Income statement 2012
Sales 190
COGS 80
Gross Profit 110
Depreciation Expense 30
Supplies Expense 20
Admin Expenses 15
Net Income 45
(A) Assuming they were all paid for in cash, how much cash did Garance spend on supplies?
(B) How much cash did Gardner collect from customers during 2012?
(C) What was the cash paid to supplies for inventory during 2012?
(D) What was the cash expenditure for admin ex0pense during 2012?



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  • CreatedJuly 26, 2013
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