Transaction Cash Affected Assignment | Top Universities |

Transaction Cash Affected Assignment | Top Universities |

(Part Level Submission) Crane Enterprises entered into the following transactions during 2018:
1. Sold a piece of equipment with a book value of $7,800 for $1,000.
2. Purchased a parcel of land for $14,300.
3. Purchased a three-year insurance policy for $9,500.

4. Issued 900 shares of common stock at $8 per share.
5. Collected a short-term note, including interest, in the amount of $2,200.
6. Collected $2,900 from customers that will not be earned until 2019.
7. Purchased a building in exchange for a long-term note with a face value of $15.000 (the present value of the note is $12,200). Declared and paid a cash dividend of $7,300.
9. Paid $5,000 in salaries and wages.
10. Converted an outstanding receivable into a short-term note receivable that matures in February 2019.
11. Purchased $4,200 of inventory on account.
12. Wrote off an account ($500) as uncollectible (allowance method).
13. Recorded $9.400 in depreciation expense for the year. 8. The controller of Crane Enterprises is trying to explain the change in the company's cash balance from January 1, 2018, to December 31, 2018. The controller has asked you to analyze each of the transactions. You are to indicate whether cash was provided, used, or not affected by each transaction. If the cash balance is affected by the transaction, indicate the dollar amount of the increase or decrease. Unless otherwise indicated, assume that all transactions involve cash. Transaction Cash Affected Type of Effect Dollar Amount The controller of Crane Enterprises is trying to explain the change in the company's cash balance from January 1, 2018, to December 31, 2018. The controller has asked you to analyze each of the transactions. You are to indicate whether cash was provided, used, or not affected by each transaction. If the cash balance is affected by the transaction, indicate the dollar amount of the increase or decrease. Unless otherwise indicated, assume that all transactions involve cash. Transaction Cash Affected Type of Effect Dollar Amount Provided Used Not Detected. Get Accounting homework help today
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Transaction Cash Affected Assignment | Top Universities | 

Transaction Cash Affected Assignment | Top Universities |

(Part Level Submission) Crane Enterprises entered into the following transactions during 2018:
1. Sold a piece of equipment with a book value of $7,800 for $1,000.
2. Purchased a parcel of land for $14,300.
3. Purchased a three-year insurance policy for $9,500.

4. Issued 900 shares of common stock at $8 per share.
5. Collected a short-term note, including interest, in the amount of $2,200.
6. Collected $2,900 from customers that will not be earned until 2019.
7. Purchased a building in exchange for a long-term note with a face value of $15.000 (the present value of the note is $12,200). Declared and paid a cash dividend of $7,300.
9. Paid $5,000 in salaries and wages.
10. Converted an outstanding receivable into a short-term note receivable that matures in February 2019.
11. Purchased $4,200 of inventory on account.
12. Wrote off an account ($500) as uncollectible (allowance method).
13. Recorded $9.400 in depreciation expense for the year. 8. The controller of Crane Enterprises is trying to explain the change in the company's cash balance from January 1, 2018, to December 31, 2018. The controller has asked you to analyze each of the transactions. You are to indicate whether cash was provided, used, or not affected by each transaction. If the cash balance is affected by the transaction, indicate the dollar amount of the increase or decrease. Unless otherwise indicated, assume that all transactions involve cash. Transaction Cash Affected Type of Effect Dollar Amount The controller of Crane Enterprises is trying to explain the change in the company's cash balance from January 1, 2018, to December 31, 2018. The controller has asked you to analyze each of the transactions. You are to indicate whether cash was provided, used, or not affected by each transaction. If the cash balance is affected by the transaction, indicate the dollar amount of the increase or decrease. Unless otherwise indicated, assume that all transactions involve cash. Transaction Cash Affected Type of Effect Dollar Amount Provided Used Not Detected. Get Accounting homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Transaction Cash Affected Assignment | Top Universities |

 

Transaction Cash Affected Assignment | Top Universities | 

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