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[The following information applies to the questions displayed below.) Following are account balances (in millions of dollars)Required information Cash Beg. bal. (a) (e) 2,328 17,600] 24,285 Beg. bal. (a) Receivables 4,581 21,704 24,285(e) 13,864 (c)Long-Term Notes Payable 1,667 350 3,434 (b) Other Noncurrent Liabilities 5,616 Beg. bal. Beg. bal. End. bal. 4,751 End. bal.

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Answer #1
Cash Receivables
Beg. Bal. $2,328 $13,864 c) Beg. Bal. $4,581 $24,285 e)
a) $17,600 $3,864 d) a) $21,704
e) $24,285 $350 f)
$15,276 h) End. Bal. $2,000
$8,564 i)
$784 j)
End. Bal. $1,511
Spare Parts, Supplies and Fuel Prepaid Expenses
Beg. Bal. $437 Beg. Bal. $329
k) $88 c) ($13,864 - $10,136) $3,728
End. Bal. $525 End. Bal. $4,057
Other Current Assets Property and Equipment (net)
Beg. Bal. $610 Beg. Bal. $15,543
b) $3,434
End. Bal. $610 End. Bal. $18,977
Other Noncurrent Assets Accounts Payable
Beg. Bal. $3,557 Beg. Bal. $1,702
j) $784 $88 k)
End. Bal. $3,557 End. Bal. $1,006
Accrued Expense Payable Other Current Liabilities
Beg. Bal. $1,894 Beg. Bal. $1,286
End. Bal. End. Bal. $1,286
Long-term Notes Payable Other-Noncurrent Liabilities
Beg. Bal. $1,667 Beg. Bal. $5,616
f) $350 $3,434 b)
End. Bal. $4,751 End. Bal. $5,616
Common Stock Additional Paid-in Capital
Beg. Bal. $32 Beg. Bal. $2,472
$2 g) (20 * $0.10) $318 g) $16 - $0.10 = $15.90*20
End. Bal. $34 End. Bal. $2,790
Retained Earnings Delivery Service Revenue
Beg. Bal. $12,716 Beg. Bal. $0
$10,028 Net Income Inc. Sum. $39,304 $39,304 a)
End. Bal. $22,744 End. Bal. $0
Rental Expense Repair Expense
Beg. Bal. $0 $10,136 Inc. Sum. Beg. Bal. $0 $10,136 Inc. Sum.
c) $10,136 d) $3,864
End. Bal. $0 End. Bal. $0
Wage Expense Fuel Expense
Beg. Bal. $0 $15,276 Inc. Sum. Beg. Bal. $0 $8,564 Inc. Sum.
h) $15,276 i) $8,564
End. Bal. $0 End. Bal. $0
Working notes:
Service Revenue ($21,704+$17,600) $39,304
Less: Rental expense ($10,136)
Less: Repair expense ($3,864)
Less: Wage expense ($15,276)
Net Income $10,028
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