Question
BETA is a new company, founded on November 30, 2021. Below its adjusted balance sheet for the first year of activities. Debit Credit Wages 100.800
BETA is a new company, founded on November 30, 2021. Below
its adjusted balance sheet for the first year of activities.
Debit | Credit | |
Wages | 100.800 | |
Purchase of goods | 729.600 | |
Rent | 63.600 | |
Travel expenses | 14.400 | |
Other expenses | 10.000 | |
Interest (that was paid) | 1.600 | |
Energy expenses | 12.400 | |
Office expenses | 5.200 | |
Buildings (historic cost) | 48.000 | |
Vehicles (historic cost) | 100.000 | |
Furniture (historic cost) | 72.000 | |
Clients | 47.200 | |
Suppliers | 42.000 | |
Cash | 16.000 | |
Equity | 200.000 | |
Loan | 40.000 | |
Sales | 942.800 | |
Depreciation of assets | 10.000 | |
Accumulated depreciation | 10.000 | |
Taxes (that were paid) | 4.000 | |
Total | 1.234.800 | 1.234.800 |
Inventories at the end of the accounting year, on 30 November 2022, were valued at
€60,000. No dividend was paid during the year.
Prepare the Income Statement, Balance Sheet, Statement
of Changes in Equity, and BETA's Statement of Cash Flows for
accounting year ended 30 November 2022.
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Get StartedRecommended Textbook for
Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
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