The Cash and Accounts Receivable end-of-year balances for a company are provided below: __________________________2015...............................2014 Cash...............................$64,512...........................$51,200 Accounts receivable

Question:

The Cash and Accounts Receivable end-of-year balances for a company are provided below:
__________________________2015...............................2014
Cash...............................$64,512...........................$51,200
Accounts receivable (net)......$36,410...........................$66,200
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.
_____________________Amount Percentage
Cash...........................$_____...................%______
Accounts Receivable........$_____...................%______
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

Question Posted: