Complete the Cash Flow Statement for Bob$$s Bikes for June $2015.$

Hint, COGS explains the change in inventory completely $$ there were no inventory

purchases. However, there was an increase to AP $$ that was from the purchase of Supplies.

You will have to understand those four accounts at the same time to determine if there is

any cash effect $($Supplies$,$ Inventory, COGS, and AP$).$

Balance Sheet for Income Statement for

Bob's Bikes, Inc. Bob's Bikes, Inc.

as of June $30,2015$ for June, $2015$

Assets Liabilities Revenues $25,000$

Cash $104,000$ Loan $75,000$ COGS $10,000$

Prepaid Rent $4,000$ AP $260,000$ Gross Profit $15,000$

Inventory $233,500$ Interest Payable $250$

Accounts Receivable $-$ Total Liabilities $335,250$

Supplies $8,000$ Rent Exp $1,000$

Land $30,000$ Interest Exp $125$

Equipment $25,000$ Depreciation Exp $100$

Accum. Dep. $200$ OE Supplies Exp $2,000$

BV PPE $24,800$ Common Stock $50,000$ Net Income $11,775$

RE $19,050$

Total OE $69,050$

Total Assets $404,300$ Total Liabilities $+$ OE $404,300$

Balance Sheet for

Bob's Bikes, Inc.

as of May $31,2015$

Assets Liabilities

Cash $108,000$ Loan $75,000$

Prepaid Rent $5,000$ AP $250,000$

Inventory $243,500$ Interest Payable $125$

Accounts Receivable $1,000$ Total Liabilities $325,125$

Equipment $25,000$

Accum. Dep. $100$ OE

BV PPE $24,900$ Common Stock $50,000$

RE $7,275$

Total OE $57,275$

Total Assets $382,400$ Total Liabilities $+$ OE $382,400$

any cash effect $($Supplies$,$ Inventory, COGS, and AP$)$