ACC 201 financial statements

Contributed capital cash received from custom

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Contributed Capital ### Cash received from custom ### Revenues ### Earnings Cash paid for certificates ### Certificate expense ### Dividends Cash paid for trophies ### Trophy expense ### Total owner's equity ### ### Cash paid for wages ### Wage expense ### Cash paid for rent ### Rent expense ### Balance sheet at the end of OC 1 Cash paid for internet servi ### Internet expense ### Cash paid for insurance ### Insurance expense ### Cash ### Cash paid for advertisemen ### Advertisement expense ### A/C Receivable 0 Cash paid for accounting fe 0 Accounting expense 0 Inventories ### Cash paid for salary ### Salary expense ### Current assets ### Cash flow from operation ### Long-term assets 0 Proceeds from sale of asse 0 Acc depreciation ### Investment in laptop ### Depreciation expense ### Long-term assets ### Investment in printer ### Investment in chess clocks ### Total assets ### Cash paid for chess softwa 100 Software expense 100 Cash paid for incorporation 550 Incorporation expense 550 A/C Payable Cash paid for webdesign 250 Webdesign expense 250 Notes Payable Cash paid for initial promoti 1000 Initial promotional expense 1000 Current liabilities 0 Cash flow from investme ### Loan payable Owner financing ### Bonds payable Debt financing 0 Long-term liabilities 0 Debt repayment 0 Interest payments 0 Interest expense 0 Total liabilities $0 Dividend payments 0 Cash flow from financing ### Net income ### Contributed Capital 0 Ending cash ### Earnings ### Dividends 0 Retained earnings ### Total owner's equity ### Chapter 3: How do you prepare budgeted financial statements?
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