No. Account Title Cash 2 Accounts Receivable Prepaid Insurance Expense Prepaid Advertising Expense Supplies Equipment Accumulated Depreciation 3 Land ) Accounts Payable- Mark Co. 0 Dividends Payable 1 2 Rent Payable Utilities Payable 12/31/20X4 12/31/20X5 $13,320 $13,770 6,500 12,000 7,830 9,570 43,200 40,800 4,500 6,000 108,000 96,000 37,400 47,770 0 28,000 750 1,050 6,000 8,000 1,800 2,100 600 720 Ref. No. Account Title Wages Payable Dividends Sales Revenue 13 14 15 16 17 18 19 20 21 22 23 24 Advertising Expense Depreciation Expense Insurance Expense Maintenance Expense Rent Expense Supplies Expense Utilities Expense 12/31/20X4 12/31/20X5 $1,800 $2,200 Wage Expense Gain on Equipment Disposal 15,000 280,000 32,600 17,680 6,480 5,000 24,300 16,500 6,650 148,000 1,510 ect the answer choice below that shows the combined cash (outflow) from the following 2 items: (i) cash paid for purcha plies; (ii) cash paid for wages. $(165,700) B. $(166,000) C. $(165,600) D. $(164,100) E. S(165,300)
No. Account Title Cash 2 Accounts Receivable Prepaid Insurance Expense Prepaid Advertising Expense Supplies Equipment Accumulated Depreciation 3 Land ) Accounts Payable- Mark Co. 0 Dividends Payable 1 2 Rent Payable Utilities Payable 12/31/20X4 12/31/20X5 $13,320 $13,770 6,500 12,000 7,830 9,570 43,200 40,800 4,500 6,000 108,000 96,000 37,400 47,770 0 28,000 750 1,050 6,000 8,000 1,800 2,100 600 720 Ref. No. Account Title Wages Payable Dividends Sales Revenue 13 14 15 16 17 18 19 20 21 22 23 24 Advertising Expense Depreciation Expense Insurance Expense Maintenance Expense Rent Expense Supplies Expense Utilities Expense 12/31/20X4 12/31/20X5 $1,800 $2,200 Wage Expense Gain on Equipment Disposal 15,000 280,000 32,600 17,680 6,480 5,000 24,300 16,500 6,650 148,000 1,510 ect the answer choice below that shows the combined cash (outflow) from the following 2 items: (i) cash paid for purcha plies; (ii) cash paid for wages. $(165,700) B. $(166,000) C. $(165,600) D. $(164,100) E. S(165,300)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Q#22: Mash Company, a service provider, has asked for your assistance with their cash flow analysis. Mash makes all sales to
customers on account and purchases 100% of the supplies, on account, from Mark Company. Mash provides the following list of
normal account balances as well as the company's income statement activity for the twelve months ended 12/31/20X5.
Ref. No. Account Title
Cash
1
2 Accounts Receivable
3 Prepaid Insurance Expense
4 Prepaid Advertising Expense
Supplies
5
6 Equipment
7 Accumulated Depreciation
8 Land
9 Accounts Payable- Mark Co.
10
Dividends Payable
11
12
Rent Payable
Utilities Payable
12/31/20X4 12/31/20X5
$13,320 $13,770
6,500 12,000
9,570
7,830
43,200
40,800
4,500
6,000
108,000
96,000
47,770
28,000
1,050
8,000
2,100
720
37,400
0
750
6,000
1,800
600
Ref. No. Account Title
Wages Payable
Dividends
Sales Revenue
13
14
15
16
17
18
19
20
21
22
23
24
Advertising Expense
Depreciation Expense
Insurance Expense
Maintenance Expense
Rent Expense
Supplies Expense
Utilities Expense
12/31/20X4 12/31/20X5
$1,800
$2,200
15,000
280,000
32,600
17,680
6,480
5,000
24,300
16,500
6,650
148,000
1,510
Wage Expense
Gain on Equipment Disposal
Select the answer choice below that shows the combined cash (outflow) from the following 2 items: (i) cash paid for purchases of
supplies; (ii) cash paid for wages.
A. $(165,700) B. $(166,000) C. $(165,600) D. $(164,100) E. $(165,300)
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