Cash

Date Explaintion Dr Cr Explatioin

1 Cash 60000
Capital 60000 Capital
Note Payable
2 Cash 40000 Sales
Note Payable 40000

3 Truck 12000
Cash 12000

4 Equimpent 10000 Total

cash 10000

5 Inventory 260000 Capital

Cash 235000 Explatioin
Accounts Payable 25000 B/f

6 Cash 315000 Total

Account Receviabale 85000
Sales 400000
Notes Payable
7 Operating Expenses 140000 Explatioin
Cash 140000 Note Payable
B/f
8 Note Payable 10000 Total
Interest Expenses 4000
Cash 14000 Truck
Explatioin
9 Income Tax Expenses 990 Cash
Cash 990

10 Dep: Exp: Truck 2400 Total

Accu: Dep : Truck 2400
Equipment
11 Dep: Exp: Equimpent 2000 Explatioin
Accu: Dep: Equimpent 2000 Cash

Total

Inventory
Explatioin
Cash
Accounts Payable

Total

Accounts Payab
Explatioin
B/f

Total

Accounts Recevia
Explatioin
Sales

Total

Operating Expens
Explatioin
Cash

Total

Interest Expense
Explatioin
Cash

Total

Income Tax Expen

Explatioin
Cash

Total

Dep: Exp: Truck

Explatioin
Accu: Dep : Truck
Total

Accu: Dep : Truc

Explatioin
B/f

Total

Dep: Exp: Equimp

Explatioin
Accu: Dep: Equimpen

Total

Accu: Dep: Equimp

Explatioin
B/f

Total

Inventory Expens
Explatioin
Inventory

Total
 Cash Income Statement
Dr Cr Explatioin
Sales
60000 12000 Truck CGS
40000 10000 Equimpent GP
315000 235000 Inventory Operating Expenses
140000 Operating Expenses Dep: Exp: Truck
10000 Note Payable Dep: Exp: Equimpent
4000 Interest Expenses Total Expenses
990 Income Tax Expenses EBIT
3010 B/f Interest Expenses
415000 415000 EBT
Income Tax Expenses
Net income
Capital
Dr Cr Explatioin
60000 60000 Cash

60000 60000

Notes Payable
Chart Title
Dr Cr Explatioin Sales CGS GP
10000 40000 Cash Operating Expenses Dep: Exp: Truck Dep: Exp: Equim
30000 Total Expenses EBIT Interest Expense
40000 40000 EBT Income Tax Expenses Net income
1.07%
0.10%
1.18%
0.41%
1.58%
Truck 14.63%1.66%
1.39%
Dr Cr Explatioin 40.52%
12000 12000 B/f
16.21%

96.95%
12000 12000
24.31%

Equipment
Dr Cr Explatioin
10000 10000 B/f

10000 10000

Inventory
Dr Cr Explatioin
 235000 240000 Inventory Expenses
25000 20000 B/f

260000 260000

Accounts Payable
Dr Cr Explatioin
25000 25000 Inventory

25000 25000

Accounts Receviable
Dr Cr Explatioin
85000 85000 B/f

85000 85000

Operating Expenses
Dr Cr Explatioin
140000 140000 B/f

140000 140000

Interest Expenses
Dr Cr Explatioin
4000 4000 B/f

4000 4000

Income Tax Expenses

Dr Cr Explatioin
990 990 B/f

990 990

Dep: Exp: Truck

Dr Cr Explatioin
2400 2400 B/f
 2400 2400

Accu: Dep : Truck

Dr Cr Explatioin
2400 2400 Dep: Exp: Truck

2400 2400

Dep: Exp: Equimpent

Dr Cr Explatioin
2000 2000 B/f

2000 2000

Accu: Dep: Equimpent

Dr Cr Explatioin
2000 2000 Dep: Exp: Equimpent

2000 2000

Inventory Expenses
Dr Cr Explatioin
240000 240000 B/f

240000 240000
 Income Statement Balance Sheet
Asset:
400,000 Cash 3010
(240,000) Accounts Receviable 85000
160,000 Inventory 20000
140000 Truck 12000
2400 Accu: Dep : Truck (2,400) 9,600
2000 Equipment 10000
(144,400) Accu: Dep: Equimpent (2,000) 8,000
15,600 Total Assest 125610
(4,000) Laiblities:
11,600 Accounts Payable 25000
(990) Notes Payable 30000
10,610 Total Laibilties 55000
SHE :
Capital 60000
Retaind Earninig 10,610
Total SHE 70,610
Total Laiblities & SHE 125,610

rt Title
GP
p: Truck Dep: Exp: Equimpent
Interest Expenses
Tax Expenses Net income
.07%
.10%
18%
41%
8%
1.39%
66%
40.52%

96.95%
31%
 CashFlow Statement

Operating Activities
Inflow
Sale 315,000
Outflow
Inventory (235,000)
Operating Expenses (140,000)
Interest Expenses (4,000)
Income Tax Expenses (990)
Total Outflow (379,990)
Net Cashflow from O/A (64,990)

Investing Activities
Inflow -
Outflow
Truck (12,000)
Equimpent (10,000)
Net Cashflow from I/A (22,000)
Financing Activities
Inflow
Capital 60,000
Notes Payable 40,000
Total Inflow 100,000
Outflow
Note Payable (10,000)
Net Cashflow from F/A 90,000

Net Cashflow 3,010

 Date Explaintion Dr Cr Cash
1 Cash 20000 Explatioin Dr
Capital 20000 capital 20000
sale 400000
2 land 100000 A|R 60000
Note Payable 90000 unearned 10000
cash 10000 equipment 600

3 inventory 310000
Cash 240000
A|p 70000
total 490600
4 cash 400000
A|R 100000
sale 500000
Capital
5 operating exp 150000 Explatioin Dr
Cash 150000 B/f 20000
.
Total 20000
6 Notes payable 10000
interest exp 3000
cash 13000
land
7 salaries payable 5000 Explatioin Dr
Cash 5000 B/f 100000

8 Cash 60000 Total 100000

A|R 60000
Inventory
Explatioin Dr
9 prepaid exp 5000 Cash 310000
cash 5000 Accounts Payable
B|f
10 A|P 55000 Total 310000
cash 55000
Accounts Receviable
11 cash 10000 Explatioin Dr
unearned 10000 sale 100000

12 bad depts 2000 38000

A\R 2000 Total 100000
14 cash 600
loss on of equi 200 operating exp
equipment 800 Explatioin Dr
operating exp 150000
15 Dividend 8000
Dividend payable 8000
Total 150000
16 Dep: Exp: Truck 2400
Accu: Dep : Truck 2400 Notes Payable
Explatioin Dr
17 Dep: Exp: Equimpent 2000 Notes Payable 10000
Accu: Dep: Equimpent 2000 B/f
Total 10000
18 interst exp 3600
interst payable 3600
 Cash cash flow stateemnt
Cr Explatioin operating activities
10000 land inflow
240000 Inventory sale 400000
150000 operating exp outflow
10000 Notes payable inventory 240000
3000 interest exp 0
5000 salaries payable
5000 prepaid exp
55000 A\p
12600 B/f
478000 15610

Capital
Cr Explatioin
20000 capital

20000

land
Cr Explatioin
100000 0
B\f
100000

Inventory
Cr Explatioin
240000 Inventory
70000

310000

Accounts Receviable
Cr Explatioin
60000 A\R
2000

62000
operating exp
Cr Explatioin
150000 B/f

150000

Notes Payable
Cr Explatioin
10000
B/f
10000