W5_inclass_exercises

W5_inclass_exercises - ABCPtyLtdWorksheetforJune2008 Assets...

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 ABC Pty Ltd Worksheet for June 20 Liabilities Date/# Cash Inventory A/cs Pay Op.Bal.  1,000 0 5,000 12,000 2,500 11,500 #1  50000  50000  #2  (4000) #3  9000  #3  (6300) #4  10000  10000  #5  (750) #6  (1100) (1100) #7  6700  #7  (4200) #8 7000  (7000) #9 (10000) #10  (135) 49815  2000  4500  10900  2500  60400  Total A= 67,215 Assets    Equit A/cs  Rec  Office  Equip Share  Capital ) Total  L+E=
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008  Retained Earnings checks 4,000 (4000) Wages Exp 9000  Sales Rev (6300) COGS Exp (750) 6700  Sales  Rev (4200) COGS Exp (135) 315  Net Profit  4315  67,215 ity    Exp  (30%) 
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Operating Income   Sales Revenue 15,700  10,500  Gross Profit 5,200    Wages 4,000    Utilities 750  4,750  Profit before Tax 450  135  Net profit 315  11,500  50,000  61,500  1,100  Share Capital 30 June 60,400  4,000  315  4,315  Retained Earnings 30 June 4,315  64,715  ABC Pty Ltd Statement of Financial Position  as at 30 June    Less : Cost of Goods Sold Less : Operating Expenses Less : Tax Expense (30%) 2008 Share Capital  1 June    Add: 
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W5_inclass_exercises - ABCPtyLtdWorksheetforJune2008 Assets...

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