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Cash%20Flow-Deep%20Thought-1%20to%203

Cash%20Flow-Deep%20Thought-1%20to%203 - DEEP THOUGHT INC#2...

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DEEP THOUGHT, INC. #2 DEEP THOUGHT, INC. #2 DEEP THOUGHT, INC. #2 BALANCE SHEET INCOME STATEMENT BALANCE SHEET AT JUNE 30, 20XX FOR THE MONTH ENDED AT JULY 31, 20XX ASSETS LIABILITIES & EQUITY JULY 31, 20XX ASSETS LIABILITIES & EQUITY LIABILITIES REVENUES: LIABILITIES CURRENT ASSETS CURRENT LIABILITIES Sales 350,000 CURRENT ASSETS CURRENT LIABILITIES Cash 5,000 Accounts Payable 25,000 Cost of Sales 108,500 Cash Overdraft 4,100 Accounts Receivable 14,000 Unearned Revenue 3,000 Gross Profit 241,500 Accounts Receivable 20,000 Accounts Payable 37,000 Inventory 31,000 Income Taxes Payable 10,000 Vending Fees Income 5,000 < Unearned Revenue 2,000 Total Current Assets ... 50,000 Total Current Liabilities 38,000 Total Income ...... 246,500 Inventory 44,000 Income Taxes Payable 8,000 LONG TERM DEBT OPERATING EXPENSES: Total Current Assets 64,000 Total Current Liabilities 51,100 Loans 85,000 Payroll 75,000 LONG TERM DEBT PROPERTY & EQUIPMENT Bonds 40,000 Other Operating PROPERTY & EQUIPMENT Loans 60,000 Equipment 203,000 Total Long-Term Debt 125,000 Expenses 50,000 Equipment 270,000 Bonds 47,000 Total Liabilities 163,000 Total Operat. Expenses 125,000 Total Long-Term Debt 107,000 Accum. Depreciation (12,600)
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