Compute the missing information in each of the four independent cases below.The letters in parentheses refer to the following:
BS IS SCF - Balance sheet - Income statement - Statement of cash flows
a. Accounts Receivable, Jan. 1, Year 2 (BS) Sales on Account for Year 2 (IS) Collections from Customers on Account during Year 2 (SCF) Accounts Receivable, Dec. 31, Year 2 (BS) $50019001,350−?−
b. Salaries Payable, Jan. 1, Year 2 (BS) Salary Expense for Year 2 Payments to Salaried Employees during Year 2 (SCF) Salaries Payable, Dec. 31, Year 2 (BS) $175−?−725100
c. Equipment (net of depreciation), Jan. 1, Year 2(BS) Depreciation Expense for Year 2 (IS) Sales of Equipment during Year 2 (SCF) Acquisition of Equipment during Year 2 (SCF) Equipment (net of depreciation), Dec. 31, Year 2 (BS) $900−?−−0−330910
d. Retained Earnings, Jan. 1, Year 2 (BS) Net Income for Year 2 (IS) Dividends Declared and Paid during Year 2 (SCF) Retained Earnings, Dec. 31, Year 2 (BS) $1,550400−?−1,350
Definitions:
Pregnancy
The state of carrying a developing embryo or fetus within the female body, typically lasting about 40 weeks from the last menstrual period to childbirth.
Hyperglycemia
A condition characterized by an abnormally high level of glucose (sugar) in the blood, often associated with diabetes and can lead to serious health problems if not properly managed.
Acidosis
A condition in which there is an excess of acid in the body fluids, leading to a lower than normal pH level in the blood.
Ketones
Chemical compounds produced by the liver when the body breaks down fats for energy, commonly associated with diabetes and dieting.