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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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- Spring '08
- Balance Sheet, Generally Accepted Accounting Principles, Liabilities Current Liabilities, liabilities Long-term liabilities