Financial Statements for Project 1

Financial Statements for Project 1 - Add Net income for...

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Great Adventures, Inc. Income Statement For the period ended December 31, 2012 Service revenue (Clinic) Service revenue (Racing) Total revenues Expenses: Advertising expense Depreciation expense Income tax expense Insurance expense Interest expense Legal fees expense Miscellaneous expense Rent expense Salaries expense Supplies expense (Office) Supplies expense (Racing) Total expenses Net income Great Adventures, Inc. Statement of Stockholders’ Equity For the period ended December 31, 2012 Common Stock Retained Earnings Total Stockholders’ Equity Balance at July 1 Issuance of common stock
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Unformatted text preview: Add: Net income for 2012 Less: Dividends Balance at December 31 Great Adventures, Inc. Balance Sheet December 31, 2012 Assets Liabilities Cash Accounts payable Prepaid insurance Interest payable Prepaid rent Income tax payable Supplies (Office) Total current liabilities Supplies (Racing) Notes payable Total current assets Stockholders’ Equity Equipment (Bikes) Common stock Equipment (Kayaks) Retained earnings Accum. depr. Total stockholders’ equity Total liabilities and stockholders’ equity Total assets...
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Financial Statements for Project 1 - Add Net income for...

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