Pool Soln Stmts - Property, Plant & Equipment:...

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Financial Statements: Pool Practice Problem Income Statement Statement of Retained Earnings Service Revenue $1336 Beginning RE $ 0 Expenses Rent 520 Net Income 536 Utilities 77 Insurance 50 Dividends (400) Chemicals 98 Depreciation 55 800 Ending RE $ 136 Net Income $ 536 Balance Sheet Current Asset: Cash $ 5416 Prepaid Insurance 550 Repair Supplies 97 Total current assets 6063
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Unformatted text preview: Property, Plant & Equipment: Equipment $ 2200 Less: accumulated depreciation (55) PPE, net 2145 Total Assets $ 8208 Current Liabilities: Accounts Payable $ 2072 Shareholder Equity: Capital Stock $ 6000 Retained Earnings 136 Total Shareholder Equity 6136 Total Liabilities and Shareholder Equity $ 8208...
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This note was uploaded on 02/10/2012 for the course ECONOMICS 140 taught by Professor Unknown during the Winter '11 term at UC Irvine.

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