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Madison Company had sales of $154,000. Additional information from the balance sheet is below:     Beginning Balance       Ending Balance   Accounts Receivable   $22,000       $28,000     How much cash was collected from customers?

During 2024, the following selected transactions affecting stockholders’ equity occurred for ABC Corporation. List below the journal entries for each of the following three dates. Feb 5: Purchased in the open market 200 shares of the company’s own common stock at $25 per share. June 20: Sold 120 of the shares purchased on February 5 for $30 cash per share. Sept 10: Sold 60 of the shares purchased on February 5 for $22 cash per share.  

​Find the magnitude and direction angle of . Round the direction angle to the nearest degree.  

Dunder Mifflin authorized a $100,000, 6-year, 8% bond issue dated January 1, 2024. Annual interest is paid each December 31. On January 1, 2024, the bonds were issued for $95,200 cash. Dunder Mifflin has a December 31 year-end. Answer the following three questions: A. Prepare the journal entry to record the sale of bonds on January 1, 2024. B. Prepare the journal entry to record interest expense on December 31, 2024. C. What is the total net cash return to the investor over the bond’s life?

Find the component form of v if  and the angle it makes with the x-axis is 120°.

The next four questions ask whether a transaction increases, decreases, or has no effect on a particular ratio. All of these transactions are independent of each other.

Below is the 2024 financial statement information for ABC Company: The company’s net income was $3,800 The company’s depreciation expense was $4,200 Accounts receivable decreased by $4,000 Purchased $9,000 of equipment for cash Inventory increased by $2,000 Received a $7,000 loan from the bank Accounts payable increased by $1,000 Prepaid expenses decreased by $500 Cash dividends of $2,000 were declared and paid Wages payable decreased by $1,500 Interest payable increased by $1,000 Sold a machine for $5,000 cash at a $1,000 gain $3,000 of common stock was repurchased for cash Cash at the beginning of the year was $18,000, and cash at the end of the year was $26,000 Prepare the statement of cash flows for the year ended December 31, 2024. Do not worry about format for this one – I’m really just focusing on the correct sums for the 3 types of cash flows on this statement (operating, investing, and financing). If you are running out of time on the exam, just provide the sums for these 3 types of cash flows for now and then come back and add more of your work later on.