t : ' ome eo 1 Oe ae wee ee ~~ “S&S ee ews a OME GE, ee i , Cxeprerh | Assets were Assess Cash, lnvesinents, Receivables |nyeneries Supplies, Prepaid expenses Long-term Unvesamenes —lovesstinas in stocks /benels fer rere then Ayeee lone building thos ere act used, lono, fe fies Ceovabke pee , Plane , Equiphrent building equpnarc, vehicles Ineang’ ple Bssers Goodwill, prtenesepayiqnt> | Lidgicmes Currne Liobilitios — Payploles (Except Mertopae beads cod lenerecn netes) Long term Viotbilisies repay Bead eng ts 165 porplle Mease Srocistec dens Egary Conmen Steck, Predpered’ Steck, Reained Fornigs Renicy [Coreene = Cutts Resets + Dobe to Poses < Teed Liabilives Rotic ~ Current Licoilivies Rotic feral Aesets == = Ee a ash Provided iol _ Cas! Pag Cosh i cpmong ee Behe studs CrHaprer 3 jobjlisies — ComenS: Bi Revenues enses Dividend Debye [Card + mC Drie] Cede Debin [Credr Dear] Crate Dear [cele teov[t vip ay tly Cynprea. uy repaid Expenses Evpascs pend in cash and recerded as asters before they est used ef ceneutied Uneerned Prevervess Coch receved lef Servis ace pecfornech Acervals Accrued Revenues Reveoues for Services pecfortied bv nor yer ceceived in cosh ce receded Accord Expenses Expenses incuned toy ner ye teceued YA cash o¢ fecerded. Closing Entries ’ Tebpcraey, Aeceutss Pevmues Expense, Dindnds,lacene Senne Permanent Accoues Arsers, Lieoihvies, Sreckhickter's Equity Pouses } Sel ey Iyene snes Duidends PSH 6 Rereinel Borg Examses Incerne Sum Ledeoloreet See & 2 ee 7 CHAPTERS Invea-te vrenese RUA | ep.) P Prrechase of} lnventor Sale a} laventery Poser Porchese Oiseceny @ Purchase of act's @ Sole of goeds QF Feetqhe Cesty @ ales ROA @ Purchase RAF Geddes Discevar ra G)Preehas Discewes Ratio S pee ie ine Ne+ lnceme Orgs Pos: Gee Fl Pas Pog eae (Qa of Evenings = Nev cash provided by opr. oe ati O Net, lncene Cuapter 6. FIFO Ls v LIFO Methods fer reperting God anal zing, javenter ies, Average Cost v \ Pracics Inventony Turnover — COGS ti 0 Average lawn. Hashes, Cap TES ? ret ST ell Saacseae | Pic Saaenee @epesis in Tons it ere Carve C Curspandiag Checks act Service fees, lecmnigs!cas Gi) Renk, ecror Bank Collections Creplenea takstler) 9g Aurcnased Meats NSF checks Reaklecper's error sin 5969 vinover Lavenberg Tenet. ny Cash Receipt Cony cols (Cash, Dib woerens | 23 Esicllishrent of he espeas ibihy | 9 Docunentertien u(es Seagegorian ¢ f Duties Humen qe 2 Centeels patsiee cence 5 inde peadent Interne Vecificaten || 1 ~& Receiasres Jirec + weire-oft Ib Custener 1S Yankrupeed Ne ecoucy pessible 1c aawente account. is ciated Bad-debe expense ¥ MAR x fillewence {e RDA is contta accemt to AR ABC Cone Partial Belenee Dec 31,205 Assets Currens Avery Cosh AYR Less Allewonce bor BoR AXR _ Tumover Rd deba omevnr shouldbe celealeaed Net Crud Seles muebRatinaL ha Averase Net ANK [fiestas ek Collectica P ~ AYR Tumour chal Cadevlcwed Ry He of AN Aging, of receivables O) Recerd badagbs ane: 2x9 ease ? Mlewen ce fer BA x Oe Ban + | va \ A * Allewence fer BOA Xx Cash ¥ AYR x Notes Beceiveble Interest =Princitle cnet X annual jateress x tine Caren q Puasn Assets beck valve =Ces+ -Aec-Depr. \ Cost~Qesidal value CArraigne Lise Method Depreciacica >of lite : x Cost-fee.De, Ceding & Balance Hotes Yer {= x ie YA Teer Le 7 Useful Ve SAs ihe end Con Ac Depr~ woth YL ] Gunirs Of Preducsicn Metheely Cose - Hesidvall valve @ Depry = seer x Hed v0 As vse Usehu) Vise iavans init Dis gesal of Plant Assets (Gain-Less on Disposeh of) Deelt Diecer xchange Hissoricel cost e1G6@0 Cost-20,CCe Cost 26,c0€ Ace Depe.= lee Pec, Deprc Wee e Ac De cee Geld fer 2£c0 cosh Discer ed New truck = %0,ceo . | Cash paid =10,cee" | Coch 4,0cc Bec. Depe. 15,Ccr Ree Deprec, 1S 0C€ Less cn a SECC New eq. d0,c¢¢ | Equip 20,e00 Equiprien "20,000, fee ater: I,coe Cain "aDiy. Lycce 4g 1 . Old: eg. Locee Cash lo,cec | Gaincn Neg Igc co | Tore ible assera 5 Dee expense 0 \nvengjbl asset) >) Bhecisauien evpense Pega Dwing Useful ; htt c {eke te csita| ADebw RON Expense Chay ce \f Bd or uxfu) ye dens life OBS + NCO “ahecoed oy Capital ayged inc aQebu arsea | y