Need help with this question. Please show work, thank you :) Write Your Answers HereYear 1Year 2Part 1 - Operating Cash FlowBilled to Clients170,000220,000190,000Cash Collected160,000Year 1Year 2Total ReceiptsSalaries90,000100,00040,000Total DisbursementsUtilities Paid3-Year Insurance PurchasedUtilities Expense - Year 130,00060,00035,000Net Cash FlowPart 2 - Income StatementYear 1Year 2SalesSalariesUtilitiesInsuranceTotal ExpensesNet IncomePart 3 - Ending Accounts ReceivableYear 1Year 2Ending Accounts Receivable

The financial statement determining the net profit or loss earned during the particular accounting…

Part 1 - Operating Cash Flow Year 1 Year 2 Total Receipts Total Disbursements Net Cash Flow Part 2 - Income Statement Year 1 Year 2 Sales Salaries Utilities Insurance Total Expenses Net Income Part 3 - Ending Accounts Receivable Year 1 Year 2 Ending Accounts Receivable

Part 1 - Operating Cash Flow Year 1 Year 2 Total Receipts Total Disbursements Net Cash Flow Part 2 - Income Statement Year 1 Year 2 Sales Salaries Utilities Insurance Total Expenses Net Income Part 3 - Ending Accounts Receivable Year 1 Year 2 Ending Accounts Receivable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Need help with this question. Please show work, thank you :)

Write Your Answers Here
Year 1
Year 2
Part 1 - Operating Cash Flow
Billed to Clients
170,000
220,000
190,000
Cash Collected
160,000
Year 1
Year 2
Total Receipts
Salaries
90,000
100,000
40,000
Total Disbursements
Utilities Paid
3-Year Insurance Purchased
Utilities Expense - Year 1
30,000
60,000
35,000
Net Cash Flow
Part 2 - Income Statement
Year 1
Year 2
Sales
Salaries
Utilities
Insurance
Total Expenses
Net Income
Part 3 - Ending Accounts Receivable
Year 1
Year 2
Ending Accounts Receivable

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