Professional Documents
Culture Documents
Assets
Current Assets
Cash- $12,000
Total CA:- 12000
Non Current Assets
Inventory- $ 95,000
Other items- $ 13,000
Total NCA- 108000
arles company
Liability & Owner's Equity
Current Liablity
Owner's equity
$12,000
$68,000
Total L & OE - $ 120000
Mi
Current Assets
Non Current Assets
Total Assets
Current Liability
Non Current Liability
Paid in capital
Retained earning
Total Liability and Owner's equity
Microtech Company
Year 1
Year 2
113624
90442
410976
198014
524600
288456
56142
40220
240518
71297
214155
173295
13785
3644
524600
288456
ny
Year 3
Year 4
85124
69090
162011
151021
247135
220111
15583
17539
60100
30222
170000
170000
1452
2350
247135
220111
Astrotech Company
Sales
cost of goods sold
Gross Margin
Other expense
Profit before taxes
Tax expense
Net Income
Year 1
12011
3011
9000
6201
2799
1120
1679
Year 2
11968
2992
8976
6429
2547
1019
1528
ompany
Year 3
11545
2886
8659
6296
2363
945
1418
Year 4
10000
2500
7500
5600
1900
800
1100
Sl. No.
Cash
20000
-5000
-1000
4
5
6
7
8
9
10
11
-4500
+5000
-1500
+1000
-750
-500
Accounts receivable
+5000
-1000
Income Statement
Revenue
Cost of sales(salaries)
Gross margin
Other expense
Profit before tax
Tax
Net Income
Acme consulting
Supplies Inventories
Equipment
Total
Assets
20000
7000
2000
+1000
-1000
-200
-4500
0
-1500
0
0
-500
0
-200
ncome Statement
10000
4500
5500
1650
3850
0
3800
e consulting
Account payable
Owners equity
20000
+2000
-4500
+10000
-1500
+200
-750
-500
-200
-200
Total
Liablity
Description
Investement
Purchased equipement worth 7000. Paid
5000 cash and 2000 on credit
Supplied inventory worth 1000.paid cash
Salaries
Revenue
Loan repaid 1500.
Revenue received
Rent
Utilities
Travel
Bon Voyag
Assets
Current Assets
Cash -14350
owner's equity
Credit card - 1000
Amount:- 25000
Total Liability - 29000
Cash Flow
Cash Inflow
Capital- 25000
commission -2000
Charges on credit card - 1000
Total Cash inflow -28000
Cash Outflow
rent paid- 5000
office supplies- 500
Advertising- 750
salary - 3000
equipment -5000
office supplies- 100
Total Cash outflow -14350
Income statement
Sl. No.
Cash
Revenue
Commission-10000
1
2
3
4
5
6
7
8
9
10
Total
25000
-500
Expenses
Rent- 500
Equipment- 3000
Office supplies- 500
Advertising- 750
Salary - 3000
Office supplies- 100
-500
-750
-3000
2000
-5000
-100
1000
18150
Supplies
Inventories
Equipment
Total
Accounts
Payable
Owner's
equity
25000
-500
3000
3000
8000
8000
3000
29150
3000
-500
-750
-3000
10000
-5000
-100
1000
26150
Total
Description
Investement
rent
Equipment
office supplies
Advertising
salary
commission
equipment payment
office supplies
on credit card
29150
er case
Liability & Owner's Equity
Current Liablity
Owner's equity
amount- 75000
Total L & OE - 277000