Use the format provided, and place the appropriate amount in each section of the table. Use a…

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Silberman Company transactions are listed below. Indicate the amount of revenue, expense, and cash flow that results from each. Use the format provided, and place the appropriate amount in each section of the table. Use a separate table for each transaction.

a. $5,000 of supplies were purchased in August for cash. $1,500 of the supplies were consumed in August, and $2,500 were consumed in September.

b. $15,000 of merchandise was sold in September. $6,000 of the sales were on credit.

c. Merchandise that cost Silberman $7,500 was sold in September. Silberman had paid $5,000 for the merchandise in August. The rest was paid for in September.

d. $50,000 was borrowed in August. $2,500 will be repaid each month for 20 months beginning in September. (Ignore interest.)

e. $25,000 of equipment was purchased and paid for in August. $500 of the equipment’s revenue-generating ability was consumed in September; the remainder will be consumed in the future.

Past

September

Future

Total

Revenues

Expenses

Cash received

Cash paid

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