Financial Accounting: An Integrated Statements Approach, 2nd Edition

128 Chapter 3 Accrual Accounting Concepts

Statement of Cash Flows

a. Operating 1,900

c. Operating 6,500

e. Operating 6,900

f. Operating  310

g. Operating 6,230

h. Financing 1,200

Net increase in

cash 7,560

Beginning cash bal. 7,730

Ending cash bal. 15,290

Statement of

Cash Flows

Income

Statement

Income Statement

b. 10, 8 00 Fees earned

c. 6,500 Fees earned

g. 3,9 8 0 Wages exp.

 8 00 Rent exp.

610 Utilities exp.

100 Interest exp.

520 Misc. exp.

a1.1,100 Insur. exp.

a2. 275 Supp. exp.

a3. 160 Deprec. exp.

a4. 360 Rental rev.

a5. 340 Wages exp.

a6. 1,050 Fees earned

10, 8 25 Net income

Balances, Dec. 1

a. Collected cash

Balances

b. Fees earned

Balances

c. Fees earned

Balances

d. Pur. supplies

Balances

e. Collected cash

Balances

f. Paid accts. pay.

Balances

g. Paid expenses

Balances

h. Paid dividends

Balances

a1. Insurance exp.

Balances

a2. Supplies exp.

Balances

a3. Deprec. exp.

Balances

a4. Rental revenue

Balances

a5. Wages exp.

Balances

a6. Fees earned

Balances, Dec. 31

INTEGRATED FINANCIAL

STATEMENT FRAMEWORK

b.

c.

g.

a1.

a2.

a3.

a4.

a5.

a6.

Balance Sheet

Stockholders’

Assets  Liabilities  Equity

Accts. Prepaid Office Acc. Notes Accts. Wages Unearned Capital Retained

Cash Rec. Insur.Supp.Equip.Dep.Land Pay.  Pay.  Pay. RevenueStockEarnings

7,730 2,650 7,300 90 8 ,500  160 12,000 16, 800 140 220 1,440 11,000 8 ,510

1,900 1,900

9,630 750 7,300 90 8 ,500  160 12,000 16, 800 140 220 1,440 11,000 8 ,510

10, 800 10, 800

9,630 11,550 7,300 90 8 ,500  160 12,000 16, 800 140 220 1,440 11,000 19,310

6,500 6,500

16,130 11,550 7,300 90 8 ,500  160 12,000 16, 800 140 220 1,440 11,000 25, 810

400 400

16,130 11,550 7,300 490 8 ,500  160 12,000 16, 800 540 220 1,440 11,000 25, 810

6,900 6,900

23,030 4,650 7,300 490 8 ,500  160 12,000 16, 800 540 220 1,440 11,000 25, 810

 310  310

22,720 4,650 7,300 490 8 ,500  160 12,000 16, 800 230 220 1,440 11,000 25, 810

6,230  220 6,010

16,490 4,650 7,300 490 8 ,500  160 12,000 16, 800 230 0 1,440 11,000 19, 800

1,200 1,200

15,290 4,650 7,300 490 8 ,500  160 12,000 16, 800 230 0 1,440 11,000 18 ,600

1,100 1,100

15,290 4,650 6,200 490 8 ,500  160 12,000 16, 800 230 0 1,440 11,000 17,500

 275  275

15,290 4,650 6,200 215 8 ,500  160 12,000 16, 800 230 0 1,440 11,000 17,225

 160  160

15,290 4,650 6,200 215 8 ,500  320 12,000 16, 800 230 0 1,440 11,000 17,065

 360 360

15,290 4,650 6,200 215 8 ,500  320 12,000 16, 800 230 0 1,0 80 11,000 17,425

340  340

15,290 4,650 6,200 215 8 ,500  320 12,000 16, 800 230 340 1,0 80 11,000 17,0 85

1,050 1,050

15,290 5,700 6,200 215 8 ,500  320 12,000 16, 800 230 340 1,0 80 11,000 18 ,135

1 and 2.Family Health Care Summary of Transactions and Adjustments for December