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Unformatted text preview: $24,000.00 retained Earnings $30,050.00 Less: Tresury Stock $(20,000.00) Total Stockholders' Equity $30,050.00 Total Assests $111,050.00 Total Liabilities & Equity $111,050.00 Redline Shift Income Statement For the Six months ending in December 31, 2008 Revenues & Gains $60,000.00 Expenses & Losses $48,000.00 Net Income $12,000.00 Redline Shift Statement of Cash Flow For the Month ended in December 31, 2008 Operation Activities Net Income $2,000.00 Increase in Supplies $(500.00) Increase in Accounts Payable $1,500.00 Cash used in Operating Activities $- Investing Activities $- Financing Activities Investment by Owner $- Net Income in Cash $800.00 Cash at the Beginning of month $2,000.00 Cash at the end of the month $2,300.00...
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- Spring '08
- Balance Sheet, Generally Accepted Accounting Principles, Liabilities Current Liabilities, liabilities Long-term liabilities