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Bati Transport Balance sheet January 31, 2003 Assets Current Assets: CashBirr 41, 030 Accounts Receivable.. 9,650 Supplies 400 Prepaid insurance.150 Total current assetsBirr 51,230 Plant

Bati Transport

Balance sheet

January 31, 2003

Assets

Current Assets:

CashBirr 41, 030

Accounts Receivable.. 9,650

Supplies 400

Prepaid insurance.150

Total current assetsBirr 51,230

Plant Asset (None-Current Assets):

Office equipment..Birr 110,600

Truck550,000 561,600

Total assetBirr 612,830

Liabilities

Current liabilities

Accounts payable..Birr 12,430

Non-current liabilities

Notes payable..150,000

Total liabilitiesBirr 162,430

Owners equity

Ato Yimer Capital.. 450,400

Total liability and owners equity.Birr 612,830

The temporary accounts of Bati transport are closed as follows.

2003 Income summary.25,300

January Service income25,300

31 Closing revenue

31 Salary expense..18,800

rent expense4,000

Maintenance expense.. 450

Insurance expense..450

Supplies expense340

Utilities expense.220

Truck expense 90

Miscellaneous expense.50

Income expense24,400

Closing expenses

2003 Income summary900

January 31 Yemer Capital..900

Closing income summary

31 Yimer capital...500

Yimer drowing..500

Closing with drowal

For the month ended January 31, 2003

Yimer capital January 1, 2003Birr 450,000

Net income for the month.birr 900

Less: Withdrawal...500 400

Yimer capital, January 31, 2003..Birr 450,400

Bati Transport

Income statement

For the month ended. Jan 31, 2012

Service Income Birr 25,300

Operating expenses

Salary expense..Birr 18,800

Rent .4,000

Maintenance expense 450

Insurance 450

Supplies .340

Utilities ..220

Truck .. .90

Miscellaneous 50

Total operating expense24,400

Net IncomeBirr 900

Bati Transport

Trial Balance

January 31, 2003

Cash

41,030

00

Accounts Receivable

2,250

00

Supplies

740

00

Prepaid Insurance

600

00

Office equipment

11,600

00

Truck

550,000

00

Accounts payable

12,430

00

Notes payable

150,000

00

Yimer capital

450,000

00

Yimer drawing

500

00

Service income

17,900

00

Salary expense

18,800

00

Rent expense

4,000

00

Utilities expense

220

00

Maintenance expense

450

00

Truuck expense

90

00

Miscellaneous expense

50

00

Total

630,330

00

630,330

00

Prepare cash flow statement for bati transport for january 30, 2012

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