(Questions 2-6)

Cumulative Comprehension Problem: Echo Systems Echo Systems-perpetual or periodic Note: Solutions are available for both perpetual and periodic (The first three segments of this comprehensive problem were presented in Chapters 2, 3, and 4. If those segments have not been completed, the assignment can begin at this point. However, you should use the Working Papers1 that accompany this text because they reflect the account balances that resulted from posting the entries required in Chapters 2, 3, and 4.) 19 Cumulative Comprehension Working Papers CHECK FIGURES: 4. Profit- $23,198; 6. Total current assets- $162,358; Total assets- $208,858 Earlier segments of this problem have described how Mary Graham created Echo Systems on October 1, 2017 The company has been successful, and its list of customers has started to grow. To accommodate the growth, the accounting system is ready to be modified to set up separate accounts for each customer. The following list of customers includes the account number used for each account and any balance as of the end of 2017. Graham decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This modification allows the existing chart of accounts to continue being used. The list also shows the balances that two customers owed as of December 31, 2017 Dec. 31 Balance Customer Account No. 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.q Alamo Engineering Buckman Servic Capital Leasing Decker Co $2.700 Fostek Co. Grandview Co. Hacienda. Images. $3.000