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Cashflow Assignment - Redard Corporation Comparative Balance Sheets June 3 0 , 2 0 1 3 and June 3 0 2 0 1 4 Assets
Cashflow Assignment Redard Corporation
Comparative Balance Sheets
June and June
Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Furniture
Accumulated Depr Furniture
Total Assets
Liabilities & Stockholders Equity
Accounts Payable
Income tax payable
Notes Payable Long term
Bond Payable
Common Stock $ par value
Additional paid in capital
Retained Earnings
Total Liabilities & SE
Redard Corporation
Income Statement
June
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Operating Income
Gain on sale of furniture
Interest expense
Income before income taxes
Income tax expense
Net Income
Additional information:
Purchased furniture in the amount of $
Sold furniture that cost $ with accum. depreciation of $ at a gain of $
Recorded depreciation on the furniture for the year, $
Repaid a note in the amount of $
Converted bonds payable in the amount of $ into shares of common stock.
Paid dividends of $
Borrowed $ on a new note
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