Cash Utility Expense Assignment
February 18th, 2020
Chapter 2, Question 6 a. Adam invested $5,000,000 cash in the motel. Cash Owners' Equity b. Adam purchased a $50,000 POS system with $5,000 cash and incurred $45,000 in notes payable. Cash POS System Notes Payable c. Adam generated $75,000 in revenues with $52,000 cash and $23,000 accounts receivable. Cash Accounts Receivable Revenues d. Adam paid utilities of $750 in cash. Cash Utility Expense.