BUSI 1004 Lecture Notes - Lecture 7: Accrual, Accounts Receivable

• School: Carleton University
• Department: Business
• Course: BUSI 1004
• Professor: Shannon Butler

Document Summary

Sales: ,000 (cash sales) + ,000 (accounts receivable sales) + ,000 (services provided) = ,000. Supplies used: in supplies from 2-2 + ,800 additional supplies + 16,800 in supplies on account - ,600 of supplies on hand = ,000 in supplies used. Heat, light and power: ,000 cash disbursements + ,800 power company bill= ,800. Equipment ,000 / 8 years of life = ,750. Computer ,000 / 5 years of life = ,200. Furniture ,000 / 10 years of life = . Purchase of equipment ,000 / 8 years x (cid:2869)(cid:2870) year = .