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At the beginning of January 2023, you start a business selling t-shirts online. You put $200 of your own money into the business and borrow
At the beginning of January 2023, you start a business selling t-shirts online. You put $200 of your own money into the business and borrow $700. During January, you sell 150 shirts for $10 each. The shirts cost you $5 each. You have the following additional expenses: $440 salaries, $60 advertising, and $40 website costs. Assume all transactions are in cash and that you will reinvest any profits into the company.
what is the income statement, balance sheet, and statement of cash flows??
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