The cash and accounts receivable balances for a company are provided below:
|
2012 |
|
2011 |
| Cash |
$62,400 |
|
$60,000 |
| Accounts receivable (net) |
$44,000 |
|
$50,000 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Use the minus sign to indicate negative numbers or decreases.
| Account |
Dollar Change |
Percent Change |
|
| Cash |
$ |
% |
|
| Accounts Receivable |
$ |
% |
|