4 - E3-13a. Cash (+A)40,000Accounts Receivable...

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Unformatted text preview: E3-13a. Cash (+A)40,000Accounts Receivable (+A)2,000Equipment (+A)18,300Supplies (+A)1,200Contributed Capital (+SE)61,500b. Land (+A)160,000Cash (-A)20,000Mortgage Payable (+L)140,000c. Cash (+A)75,000ST Notes Payable (+L)75,000d. Supplies (+A)8,830Cash (-A)8,830e. Cash (+A)10,900Inventory (-A)10,900f.Cash (+A)1,700Note Receivable (+A)1,500Inventory (-A)3,200g.Utilities (+A)320Notes Payable (+L)320h. Equipment (+A)63Cash (-A)63j. Retained Earnings (+SE)600Cash (-A)600k. Equipment (+A)35,000Building (+A)20,000Cash (-A)55,000CASH(a) 40,00020,000 (b)(c) 75,0008,830 (d)(e) 10,900 63 (h)(f) 1,7005,080 (i)600 (j)55,000 (k)38,027SUPPLIES(a) 1,2001,200EQUIPMENT(a) 18,300(k) 35,00053,300ACCT PAYABLE320 (g)320MORTGAGE PAYABLE140,000 (b)140,000RETAINED EARNINGS(j) 600600AR(a) 2,000(f) 1,5003,500BUILDING(b) 160,000(k) 20,000180,000NOTE PAYABLE75,000 (c)75,000CONTRIBUTED CAPITAL61,500 (a)61,500CATERING SALES REVENUE3,200 (f)3,200UTILITIES EXPENSE(g) 320320FUEL EXPENSE(h) 6363E3-14The Traveling Gourmet Inc.Statement of Cash FlowsFor the Month Ended March 31, 2008Revenues:Food Sales Revenue$10,900Catering Sales Revenue3,200Total Revenues14,100Costs & ExpensesCost of Products8,830Utilities Expense320Wages Expense5,080Fuel Expense63Total Costs & Expenses14,293Net Loss(193)The Traveling Gourmet IncStatement of Retained Earnings (unadjusted)For the Month Ended March 31, 2008FOOD SALES REVENUE10,900 (e)10,900COST OF PRODUCTS(d) 8.8308,830WAGES EXPENSE(i) 5.0805.080Retained Earnings, March 1, 2008...
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This note was uploaded on 05/07/2008 for the course H ADM 121 taught by Professor Ddittman during the Spring '07 term at Cornell University (Engineering School).

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4 - E3-13a. Cash (+A)40,000Accounts Receivable...

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