
a.
Record the Year 1 transactions in T-accounts.
b.
Indicate the event of year 1that affects the
c.
Ascertain the amount of revenue that would be reported on the Year 1 income statement of Company R.
d.
Ascertain the amount of cash flow from operating activity that would be reported on the Year 1 statement of cash flows of Company R.
e.
Open T-account for
f.
Record the year 2 cash collection in the appropriate T-accounts.
g.
Indicate the event of year 2 that affects the balance sheet, income statement, and statement of cash flows.
h.
Ascertain the amount of net income and net cash flow from operating activities for Year 2.

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Chapter 3 Solutions
Fundamental Financial Accounting Concepts
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