Acct HW 2 - af59882a9a2f7c85300a133f0c2f70cdd29bc68f.xls...

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af59882a9a2f7c85300a133f0c2f70cdd29bc68f.xls 2-1A Balance Sheet Income Statement Cash Flow Assets Stockholder's Equity Cash + Accts Rec. = Sal. Pay C. Stk. + Ret. Ear. Rev. - Exp. = Net Inc. 1 $15,000.00 $15,000.00 $15,000.00 fa 2 $48,000.00 $48,000.00 consulting rev $48,000.00 $48,000.00 $48,000.00 oa 3 $(1,250.00) $(1,250.00) utility expense $1,250.00 $(1,250.00) $(1,250.00) oa 4 $36,000.00 $(36,000.00) 5 $8,000.00 $(8,000.00) salaries $8,000.00 $(8,000.00) 6 $(1,000.00) $(1,000.00) dividend $(1,000.00) fa $48,750.00 $12,000.00 $8,000.00 $15,000.00 $37,750.00 $48,000.00 $9,250.00 $38,750.00 $60,750.00 Hamby, Inc. Income Statement For The Year Ended December 21, 2003 Revenue $38,750.00 Operating Expense $(9,250.00) Salary Expense $(8,000.00) Net Income $21,500.00 Hamby, Inc. Statement of Changes in Stockholder's Equity For the Year Ended December 31, 2003 Beginning Common Stock $- Plus: Common Stock Issued $15,000.00 Ending Common Stock $15,000.00 Beginning Retained Earnings $- Plus: Net Income
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This note was uploaded on 04/09/2008 for the course ACCT 221 taught by Professor Catherinewest during the Fall '06 term at UMass (Amherst).

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Acct HW 2 - af59882a9a2f7c85300a133f0c2f70cdd29bc68f.xls...

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