PLEASE SHOW WORK TO HELP ME UNDERSTAND. THANK YOU!
Homework Answers
| BLUE CORP. | ||
| Income statement ( Cash Basis) | ||
| For the Year Ended December 31 | ||
| 2019 | 2020 | |
| Sales revenue | 294,570 | 481,640 |
| Expenses | 211,220 | 277,060 |
| Net Income | $83,350 | $204,580 |
Cash receipt from sales in 2020 = for 2019 sales + for 2020 sales
= 154,640+327,000
= $481,640
Cash payment for expenses in 2019 = for 2019 expense + for 2020 expenses
= 168,090+43,130
= $211,220
Cash payment for expenses in 2020 = for 2019 expenses + for 2020 expenses + for 2021 expenses
= 61,480+166,850+48,730
= $277,060
Kindly comment if you need further assistance.
Thanks
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PLEASE SHOW WORK TO HELP ME UNDERSTAND. THANK YOU!
Exercise 3-19 (Part Level Submission) Blue Corp....
PLEASE SHOW WORK THANK YOU. Exercise 4-09 (Part Level Submission) Presented below is information related to...
PLEASE SHOW WORK THANK YOU.
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PLEASE SHOW WORK THANK YOU.
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