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Convert the Balance Sheet and Income Statement of Luxio Golf Corp. to Microsoft Excel - See Luxio Golf Income Statement and Balance Sheet file pictures
Convert the Balance Sheet and Income Statement of Luxio Golf Corp. to Microsoft Excel - See Luxio Golf Income Statement and Balance Sheet file pictures
$ $ LUXIO GOLF CORP. 2009 Income Statement Sales Cost of Goods Sold Depreciation Earnings Before Interest & Tax Interest Paid Taxable Income Taxes (35%) Net Income Dividends $ 18,000.00 Addition to Retained Earnings 13,721.95 285,760.00 205,132.00 21,950.00 58,678.00 9,875.00 48,803.00 17,081.05 31,721.95 $ $ Balance Sheet LUXIO GOLF CORP. 2009 Balance Sheets Assets 2008 Liabilities & Owner's Equity 2009 2008 Current Assets 2009 Current Liabilities $ $ $ Cash Accounts Receivable Inventory Total Assets 18,270.00 12,315.00 21,584.00 52,169.00 22,150.00 13,865.00 24,876.00 60,891.00 Accounts Payable Notes Payable Other Total Long-term Debt 16,215.00 8,000.00 11.145.00 35.360.00 80,000.00 17,318.00 10,000.00 14.451.00 41.769.00 85.000.00 S $ s S S s Fixed Assets Net Plant & Equipment $ 168,326.00 $ 184,735.66 Owner's Equity Common Stock & paid in Retained Earnings Total S 20,000.00 85,135.00 105,135.00 S 20,000.00 98,8$7.00 $ 118,857.00 S Total Assets $ 220,495.00 $ 245,626,00 Total Liabilities & Owner's $ 220,495.00 $ 245,626.00 Step by Step Solution
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