Web Chapter 1 Day 3 - Accounting in Business Chapter 1...

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Accounting in Business Accounting in Business Chapter 1 Chapter 1 NOTE: Focus on pages 17-20 NOTE: Focus on pages 17-20
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Operating Activities 778,836 Investing Activities (304,353) Financing Activities (442,426) Change in Cash 32,057 Statement of Cash Flows 2007
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Capital, beginning of year 683,423 + Investments by owners 203,893 + Net Income 214,154 - Withdrawals (i.e. dividends) 508,548 = Capital, end of year 592,922 Statement of Owners' Equity 2007
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Assets Cash $97,141 Accounts receivable 522,673 Inventory 648,820 Prop., Plant and Equip. 1,651,300 Other assets 1,237,631 Total Assets $4,157,565 Liab.and Equity Accounts payable $155,517 Other short-term debt 1,298,021 Long-term liabilities 2,020,604 Equity (or Capital) 683,423 Total Liab. and Equity $4,157,565 Balance Sheet at Dec. 31, 2006 Assets Cash $129,198 Accounts receivable 487,285 Inventory 600,185 Prop., Plant and Equip. 1,539,715 Other assets 1,490,730 Total Assets $4,247,113 Liab.and Equity Accounts payable $223,019 Other short-term debt 1,395,751 Long-term liabilities 2,035,421 Equity (or Capital) 592,922 Total Liab. and Equity $4,247,113 Balance Sheet at Dec. 31, 2007 Operating Activities 778,836 Investing Activities (304,353) Financing Activities (442,426)
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This note was uploaded on 08/31/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas at Austin.

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Web Chapter 1 Day 3 - Accounting in Business Chapter 1...

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