Business
Business, 24.06.2019 14:40, mikeysoulemison

In 2018, lee inc. billed its customers $62,000 for services performed. the company collected $51,000 of the amount billed. lee incurred $39,000 of other operating expenses on account. lee paid $31,000 of the accounts payable. lee acquired $40,000 cash from the issue of common stock. the company invested $21,000 cash in the purchase of land. required (hint: identify the six events described in the paragraph and record them in general ledger accounts under an accounting equation before attempting to answer the questions.) use the preceding information to answer the following questions: what amount of revenue will lee report on the 2018 income statement? what amount of cash flow from revenue will be reported on the statement of cash flows? what is the net income for the period? what is the net cash flow from operating activities for the period? what is the amount of net cash flow from investing activities? what is the amount of net cash flow from financing activities? what amounts of total assets, liabilities, and equity will be reported on the year-end balance sheet?

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, nataliahenderso
Which feature is a characteristic of a corporation?
Answers: 1
image
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
image
Business, 22.06.2019 20:30, admierewebb
What talents or skills do u admire most in others
Answers: 2
image
Business, 22.06.2019 23:00, kavron2322
Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.
Answers: 2
Do you know the correct answer?
In 2018, lee inc. billed its customers $62,000 for services performed. the company collected $51,000...

Questions in other subjects:

Konu
Mathematics, 05.10.2019 18:30
Konu
Mathematics, 05.10.2019 18:30