Cash....... $10,000 A. Armani, Withdrawals $13,000 Accounts receivable. 9,000 Consulting revenue Rental revenue.. 33,000 Supplies... 6,000 22,000 Equipment.. 5,000 Salaries expense. 20,000 Accounts payable . 11,000 Rent expense 12,000 A. Armani, Capital, Dec. 31, 2018. 16,000 Selling and administrative expenses. 8,000 A. Armani, Capital, Dec. 31, 2019. 19,000

Cash....... $10,000 A. Armani, Withdrawals $13,000 Accounts receivable. 9,000 Consulting revenue Rental revenue.. 33,000 Supplies... 6,000 22,000 Equipment.. 5,000 Salaries expense. 20,000 Accounts payable . 11,000 Rent expense 12,000 A. Armani, Capital, Dec. 31, 2018. 16,000 Selling and administrative expenses. 8,000 A. Armani, Capital, Dec. 31, 2019. 19,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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