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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

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 27BE
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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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