Exam 1 spreadsheet - (40.00) Operating income 170.00 Other...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Transacton Analysis of Baber Company Cash A/R Interest Rec'v. Inv. Notes Rec'v Equipmt (Cost) Accum. Depr'n A/P Sal/P Inc Tax/P Interest Payable Unearned Sales Rev N/P Paid-in Capital R.E. ACCOUNTS Beginning Balances as of 12/31/05 57.00 70.00 15.00 60.00 288.00 200.00 -80.00 65.00 10.00 12.00 9.00 5.00 120.00 102.00 287.00 Transaction Number/Letter 1 a (359.00) 359.00 2 b (5.00) 5.00 Sales revenue 3 c 994.00 994.00 Sales revenue 4 d (399.00) (399.00) COGS 5 e 969.00 (969.00) 6 f 36.00 (15.00) 21.00 Interest revenue 7 g (400.00) (10.00) (390.00) Salaries expense 8 h (56.00) (12.00) (44.00) Tax expense 9 i 15.00 15.00 Interest revenue 10 j (40.00) (40.00) Depreciation expense 11 k 38.40 (38.40) Tax expense Ending Balances as of 12/31/06 247.00 95.00 15.00 20.00 288.00 200.00 (120.00) 65.00 0.00 38.40 9.00 0.00 120.00 102.00 410.60 ASSETS LIABILITIES OWNERS' EQ. Transaction Analysis (Spreadsheet Method)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Baber Company Income Statement for 2006 Sales revenue 999.00 COGS (399.00) Gross profit 600.00 Operating expenses Salaries expense (390.00) Depreciation expense
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (40.00) Operating income 170.00 Other revenue: Interest 36.00 Income before taxes 206.00 Tax expense (82.40) Net income 123.60 Baber Company Balance Sheet as of 12/31/2006 LIABILITIES AND STOCKHOLDERS' EQUITY Current Assets Cash 247.00 Current Liabilities Accounts Rec'vable 95.00 Accounts Payable 65.00 Interest Rec'vable 15.00 Income Taxes Payable 38.40 Inventories 20.00 Interest Payable 9.00 Total Current Assets 377.00 Total Current Liabilities 112.40 Long Term Assets Long Term Liabilities Notes Rec'vable (Long-term) 288.00 Notes Payable 120.00 Equipmt (Cost) 200.00 Total Long Term Liabilities 120.00 Accum. Depr'n (120.00) Total Long Term Assets 368.00 Stockholders' Equity Paid-in Capital 102.00 TOTAL ASSETS 745.00 Retained Earnings 410.60 Total Stockholders' Equity 512.60 TOTAL LIABILITIES AND EQUITY 745.00 ASSETS...
View Full Document

This note was uploaded on 11/24/2009 for the course BA 2301 taught by Professor Mattpolze during the Fall '08 term at University of Texas at Dallas, Richardson.

Page1 / 2

Exam 1 spreadsheet - (40.00) Operating income 170.00 Other...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online