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Solution manual for financial accounting information for decisions 5th edition by wild

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Solution manual for financial accounting information for decisions 5th edition by wild

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  • Chapter 1

    • Proprietorship Partnership Corporation

      • Cash received from customers1 $ 2,000

      • Assets $142,000 Liabilities $ 54,244

        • Cash from operating activities $ 8,050

        • Net increase in cash $ 750

        • Electrical Equipment

          • Office equipment 2,680 Common stock 68,800

          • Electrical equipment 13,000 Retained earnings 3,830

          • Part 4

            • Problem 1-9A (60 minutes) Parts 1 and 2

            • Building

              • Problem 1-9A (Concluded)

              • For Year Ended December 31, 2010

                • Revenues $69,000

                • Assets $121,000 Liabilities $ 46,222

                  • Cash from operating activities $ 8,550

                  • Net increase in cash $ 250

                  • Problem 1-8B (60 minutes) Parts 1 and 2

                  • Excavating Equipment

                    • Cash $ 60,190 Accounts payable $ 8,550

                    • Office equipment 2,720 Common stock 68,600

                    • Excavating equipment 14,600 Retained earnings 2,610

                    • Building

                      • Problem 1-9B (Concluded)

                      • Part 3

                        • Total assets = Bank Loan + Owner investment

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