Kristina's Consulting Business Comparative Balance Sheets As at 30/06/2020 As at 30/06/2019 Current assets Cash 122,536 80,145 Accounts receivable (gross) 96,411 (5,200) 183,692 Allowance for bad debts (21,200) Net accounts receivable Inventory 162,492 11,675 91,211 5,167 Supplies Prepaid Rent 300 210 3,000 3,000 Total Current Assets 300,003 179,733 Non-current Assets Equipment Less Accumulated Depreciation 150,000 150,000 (8,000) (16,000) Total Non-current Assets 134,000 142,000 TOTAL ASSETS 434.003 321.733
Kristina's Consulting Business Comparative Balance Sheets As at 30/06/2020 As at 30/06/2019 Current assets Cash 122,536 80,145 Accounts receivable (gross) 96,411 (5,200) 183,692 Allowance for bad debts (21,200) Net accounts receivable Inventory 162,492 11,675 91,211 5,167 Supplies Prepaid Rent 300 210 3,000 3,000 Total Current Assets 300,003 179,733 Non-current Assets Equipment Less Accumulated Depreciation 150,000 150,000 (8,000) (16,000) Total Non-current Assets 134,000 142,000 TOTAL ASSETS 434.003 321.733
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Complete a horizontal analysis for the "Supplies" account. Round the percentage change to one decimal place
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