entre balance, Income, cash flow part 2

entre balance, Income, cash flow part 2 - retained Earnings...

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Redline Shift Balance Sheet December 31, 2008 ASSESTS LIABILITIES Current Assets Current Liabilities Cash $2,000.00 Notes Payable $5,000.00 Petty cash $1,050.00 Accounts Payable $10,000.00 Tempory Investments $2,000.00 Wages Payable $6,000.00 Acconts Receivable- net $20,000.00 Interest Payable $1,500.00 Inventory $2,500.00 Taxes Payable $5,000.00 Supplies $2,000.00 Warranty Liability $1,500.00 Prepaid Insurance $2,000.00 Unearned Revenues $2,000.00 Total Current Assests $31,550.00 Total Current Liabilities $31,000.00 Investments $20,000.00 Long-term Liabilities Notes payable $5,000.00 Property and Equipment Bonds Payable $5,000.00 Land $2,000.00 Total Long-term Liabilities $10,000.00 Building $2,500.00 Equipment $5,000.00 StockHolders' Equity Less: Accum Depreciation $(1,500.00) Common Stock $9,000.00 Net investment $8,000.00
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Unformatted text preview: retained Earnings $10,050.00 Less: Tresury Stock $(1,000.00) Total Stockholders' Equity $18,050.00 Total Assests $59,550.00 Total Liabilities & Equity $59,050.00 Redline Shift Income Statement For the Six months ending in December 31, 2008 Revenues & Gains $30,000.00 Expenses & Losses $23,000.00 Net Income $7,000.00 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 $(400.00) Investing Activities $(200.00) Financing Activities $(100.00) Investment by Owner $(100.00) 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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entre balance, Income, cash flow part 2 - retained Earnings...

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