Exercise 13-4 Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an incorrect answer.
Case 1
Sales revenue (cash and credit sales) 435,000$
250,000
Case 2
Cost of goods sold 275,000$
Less: Beginning inventory
Less: Ending accounts payable
Add: Ending inventory
125,000
Case 3
Insurance expense 25,000$
Add: Ending prepaid insurance
(27,000)
Case 4
Interest expense 300,000$
Less: Ending interest payable
105,000
Instructor
Accrual to Cash Conversions
Add: Beginning accounts receivable
Add: Beginning accounts payable
Less: Beginning prepaid insurance
Add: Beginning interest payable
Less: Ending accounts receivable
Less: Accounts written off
Case 5
Income tax expense 100,000$
55,000
Add: Beginning income taxes payable
Less: Ending income taxes payable