3-36 soln BS format

3-36 soln BS format - Beginning Paid-In-Capital 40 Ending...

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Prob 3-36. Yoshida Gardens. Transactions for 20X8 ($ in ‘000s) ----------- Assets ------------------------- = -------- Liab. ------ + --------- OE-------- Type of CF # Cash Acc. Rec. Inv. P-paid Rent Net Eqpt. Note Rec. Acc. Pay. Note Pay. P-I-C Ret. Inc. OB 19 40 131 4 36 0 111 40 79 a +550 = +550 b + 800 = + 800 Revenue c −440 = −440 COGS F d +80 = +80 O e −25 +25 = O f −165 = −165 Wage Exp. O g −75 = −75 Misc. Exp. I h −20 +20 = O i +691 −691 = O j −471 = −471 k −26 = −26 Rent Exp. l −6 = −6 Depn. Exp. O m −6 = −6 Wage Exp. O n −7 = −7 Int. Exp.* O o +1 = +1 Int. Rev.** EB 22 149 241 3 30 20 190 80 40 155 * = 0 .15 × $80,000 × 7/12 ** = 0.10 × $20,000 × 6/12
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Income stat. for 2008 ($ in ‘000s) Sales Revenue 800 Less Cost-of-Goods-sold (440 ) Gross Margin 360 Less Operating Expenses Wages (171) Rent (26) Depreciation (6) Misc. (75 ) Operating Income 82 Other Income (Expense) Interest revenue 1 Interest expense (7 ) Net Income 76
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Statement of changes in OE for 2008 ($ in ‘000s)
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Unformatted text preview: Beginning Paid-In-Capital 40 Ending Paid-In-Capital 40 Beginning Retained Income 79 Plus: Net Income 76 Ending Retained Income 155 Total Owner’s Equity 195 Balance sheet as of 12/31/08 ($ in ‘000s) Cash 22 Accounts pay. 190 Accounts Rec. 149 Note Pay. 80 Prepaid Rent 3 Total Liabilities 270 Inventory 241 Paid-In-Capital 40 Net Equipment 30 Retained Income 155 Note Rec. 20 Total Assets 465 Total Liab. & OE 465 Cash Flow Statement for 2008 ($ in ‘000s) Operations From customers 691 Interest recd. 1 To suppliers of merchandize (471) For rent (25) Wages paid (171) Misc. expenses paid (75) Interest paid (7 ) CFO (57) Investing Loan made (20 ) CFI (20) Financing Loan taken 80 CFF 80 Net change in cash 3...
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This note was uploaded on 04/16/2010 for the course STERN UNDE C10.0001 taught by Professor Ajaymaindiratta during the Spring '10 term at NYU.

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3-36 soln BS format - Beginning Paid-In-Capital 40 Ending...

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