This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: (23) Cash provided by operations 10 Accounting Jokes Unlimited, Inc. Statement of retained earnings INVESTING Year ended December 31, 2007 Purchase of computers & equip. (25) Beginning balance $0 FINANCING Net income 17 Issuance of capital stock 10 Dividends (2) Loan proceeds 30 Ending balance $15 Loan repayment (15) Dividends paid (2) Accounting Jokes Unlimited, Inc. Total financing 23 Balance sheet December 31, 2007 Increase in cash 8 ASSETS Beginning cash balance-Cash $8 Accounts receivable 7 Ending cash balance 8 $ Cpmputers & equip. 25 Total assets $40 LIABILITIES AND EQUITY Loan payable $15 Capital stock 10 Retained earnings 15 Total liabilities and equity $40...
View Full Document
This note was uploaded on 03/05/2009 for the course ECON 3A taught by Professor Loster during the Fall '07 term at UCSB.
- Fall '07