AC2799 Project Part 3 - $639,955 UTlity Expenses $8,900...

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Landscapes R Us Balance Sheet 1-Dec-13 ASSETS Current Assets: Cash Checking Accounts Receivable Office Supplies Fixed Assets: Land Building Equipment 1 Less: Accumulated Depreciation Equipment 2 Less: Accumulated Depreciation Truck Less: Accumulated Depreciation Back Hoe Less: Accumulated Depreciation Trailor Less: Accumulated Depreciation Total Assets:
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LIABILITIES Current Liabilities: Note Payble Long Term Note payable Sales Tax payable Shareholders Equity: Capital Account-Jones Capital Account-Smith Capital Account-Clark Outstanding Expenses Total Liabilities & Equity:
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$38,886 $38,125 $12,500 $172,000 $235,000 $4,000 -$3,500 $12,000 -$2,000 $24,000 $0 $8,000 $0 $4,000 -$1,600 $541,411
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$0 $11,200 $6,200 $173,914 $173,914 $173,914 $2,269 $541,411
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Landscape R US, In Income Statement (Mult Year Ended December 31 Revenues Amount ($) Sales $985,000 Closing Stock $159,425 Installation Revenue $38,000 Total Revenues $1,182,425 Expenses Opening Stock $249,975 Purchases
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Unformatted text preview: $639,955 UTlity Expenses $8,900 Rent Expenses $27,500 AdverTsing Exp. $12,500 Sale tax expense $62,300 Wage expense $111,241 Insurance Exp. $3,800 Fuel Exp. $174,750 Repair Exp. $19,250 ±elephone Exp. $5,750 Bank Fee expense $3,810 Total Expenses $1,319,731 Loss-$137,306 nc ti-step) 1, 2012 Rato (%) 54% 1% 2% 1% 5% 9% 0% 15% 2% 0% 0%-12% Budget Revenues Amount ($) RaTo (%) Sales $1,182,000 Closing Stock $159,425 InstallaTon Revenue $38,000 ±otal Revenues $1,379,425 Expenses Opening Stock $249,975 Purchases $639,955 46% UTlity Expenses $8,900 1% Rent Expenses $27,500 2% AdverTsing Exp. $12,500 1% Sale tax expense $62,300 5% Wage expense $111,241 8% Insurance Exp. $3,800 0% Fuel Exp. $174,750 13% Repair Exp. $19,250 1% ±elephone Exp. $5,750 0% Bank Fee expense $3,810 0% ±otal Expenses $1,319,731 Loss $59,694 4%...
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