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Q4 Financial Activities during Jan 2020 (Only these transactions during the month) AR Payments deposited in 01/2020 and cleared in the bank in 01/2020 AP Payments made in 01/2020 and cashed in the bank in 01/2020 Outstanding / Uncashed AP Checks as of 01/31/2020 AP Invoices received on 02/15/2020 for Jan 2020 services AR Invoices issued on 02/01/2020 for Jan 2020 services Depreciation Amount 15,000.00 25,000.00 3,000.00 9,000.00 25,000.00 300.00 Please update the account balances in yellow for the Financials as of 01/31/2020. Use formulas to show your work 1/31/2020 12/31/2019

Q4 Financial Activities during Jan 2020 (Only these transactions during the month) AR Payments deposited in 01/2020 and cleared in the bank in 01/2020 AP Payments made in 01/2020 and cashed in the bank in 01/2020 Outstanding / Uncashed AP Checks as of 01/31/2020 AP Invoices received on 02/15/2020 for Jan 2020 services AR Invoices issued on 02/01/2020 for Jan 2020 services Depreciation Amount 15,000.00 25,000.00 3,000.00 9,000.00 25,000.00 300.00 Please update the account balances in yellow for the Financials as of 01/31/2020. Use formulas to show your work 1/31/2020 12/31/2019

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6P
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Q4 Financial Activities during Jan 2020 (Only these transactions during the month) AR Payments deposited in 01/2020 and cleared in the bank in 01/2020 AP Payments made in 01/2020 and cashed in the bank in 01/2020 Outstanding / Uncashed AP Checks as of 01/31/2020 AP Invoices received on 02/15/2020 for Jan 2020 services AR Invoices issued on 02/01/2020 for Jan 2020 services Depreciation Please update the account balances in yellow for the Financials as of 01/31/2020. Use formulas to show your work 12/31/2019 1/31/2020 220,000.00 30,000.00 15,000.00 12,000.00 3,000.00 5,000.00 (2,000.00) 268,000.00 23,000.00 Cash Accounts Receivable Unbilled AR Prepaid Expense Fixed Assets - Gross Accum. Depreciation Total Assets Accounts Payable Credit Card Payable Accrued Liabilities Deferred Revenue Total Liabilities Equity Retained Earnings Total Equity Amount 15,000.00 25,000.00 3,000.00 9,000.00 25,000.00 300.00 Difference 3,000.00 5,000.00 45,000.00 17,000.00 22,000.00 22,000.00 10,000.00 150,000.00 150,000.00 227,000.00 189,000.00 50,000.00 50,000.00 (9,000.00) 6,700.00 41,000.00 56,700.00 (222,700.00)
Transcribed Image Text:Q4 Financial Activities during Jan 2020 (Only these transactions during the month) AR Payments deposited in 01/2020 and cleared in the bank in 01/2020 AP Payments made in 01/2020 and cashed in the bank in 01/2020 Outstanding / Uncashed AP Checks as of 01/31/2020 AP Invoices received on 02/15/2020 for Jan 2020 services AR Invoices issued on 02/01/2020 for Jan 2020 services Depreciation Please update the account balances in yellow for the Financials as of 01/31/2020. Use formulas to show your work 12/31/2019 1/31/2020 220,000.00 30,000.00 15,000.00 12,000.00 3,000.00 5,000.00 (2,000.00) 268,000.00 23,000.00 Cash Accounts Receivable Unbilled AR Prepaid Expense Fixed Assets - Gross Accum. Depreciation Total Assets Accounts Payable Credit Card Payable Accrued Liabilities Deferred Revenue Total Liabilities Equity Retained Earnings Total Equity Amount 15,000.00 25,000.00 3,000.00 9,000.00 25,000.00 300.00 Difference 3,000.00 5,000.00 45,000.00 17,000.00 22,000.00 22,000.00 10,000.00 150,000.00 150,000.00 227,000.00 189,000.00 50,000.00 50,000.00 (9,000.00) 6,700.00 41,000.00 56,700.00 (222,700.00)
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