Season One 2 - Cash 47.5 Revenue 47.5 1 Supplies used...

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Balance Sheet Assets Cash 198.3 Inventories 4.55 Equipment 23.75 Total Assets 226.6 Liabilities Accounts Payable 45 Total Liabilities 45 Equity Owner's Capital 40 Retain Earnings 141.6 Total Equity 181.6 Total Equity and Liability 226.6
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              Income Statement for Season One Revenue 198.3 Expenses 96.8 Earnings 101.5
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Statement of Cash Flows for Season One Cash Flow from Operation Revenue 1600 Accounts Payable 110          Net cash provided by operations 1490 Cash Flow from Operation Investment By Owners 110         Net cash provided by financing 110 Net increase in cash 1600 Cash Day 0 Cash Day 6 1600
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Journal for Season One                Deb Credits Date Description Account Amount Accounts Amount 1 Form Partnership Cash 800 Owner's Equity 800 Equipment 63.75 Account Payable 108.75 1 Purchase supplies Inventories 123.75 Account Payable 123.75 1 Sold [email protected]
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Unformatted text preview: Cash 47.5 Revenue 47.5 1 Supplies used Expenses 10 Revenue Inventory 10 2 Purchase supplies Inventories 9 Account payable 9 2 Sold 150@.50 Cash 77.5 Revenue 77.5 2 Supplies used Expenses 10.25 Inventory 10.25 3 Purchase supplies Inventory 6 Account Payable 6 3 sold 75@.50 Cash 37.5 Revenue 37.5 3 Supplies used Expenses 6.95 Inventory 6.95 4 Paid Store account Account Paya 50 Cash 50 4 Purchase supplies Inventories 9 Account payable 5 4 Sold 125@.50 Cash 62.5 Revenue 62.5 4 Supplies used Expenses 1.25 Inventory 1.25 5 Purchase supplies Inventories 15 Account payable 15 5 Sold 300@.50 Cash 150 Revenue 150 5 Supplies used Expenses 18 Inventory 18 6 Purchase supplies Inventories 6 Account payable 6 6 Sold 280@.50 Cash 140 Revenue 140 6 Supplies used Expenses 5.75 Inventory 5.75 Total Debits 1637.7 Total Credits 1637.7...
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This note was uploaded on 07/07/2011 for the course BUSINESS 350 taught by Professor Mitchell during the Fall '09 term at Troy.

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Season One 2 - Cash 47.5 Revenue 47.5 1 Supplies used...

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