Week 8-1d

Week 8-1d - Econ/Mgmt4 Spring2010Week81d UglyPuppyperiod#3...

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Econ/Mgmt 4 Spring 2010 Week 8-1d Ugly Puppy period #3
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3 rd  Period Events    Take the Puppy to the birthday party.  The woman  pays you $50 balance due. Consult  40 clients and all pay $1 each.  Sell  10 T-shirts at $5 each in cash. You receive $10 total  from the ten former  consulting clients who, in Period #1, promised to pay  you for what you sold them. Complete  the 3 rd Balance Sheet.  Don’t forget about routine back- office transactions. 
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First thing ! Make a Ca$h Journal
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3 rd  Period Events – Cash Journal    Starting Cash. Receive $50 balance due on party. 40 clients pay $40 cash. Sell 10 T-shirts $5 each cash. Receive $10 cash from former clients  who were consulted but did not pay. Pay the Bank the $10 accrued interest  from the 2 nd  period.  250  50  40  50  10 (10) 400
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Do you notice something potentially systemic?
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Week 8-1d - Econ/Mgmt4 Spring2010Week81d UglyPuppyperiod#3...

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