fill the cash flow table below

1	1/2/14	Deposit $45,000 into business checking account to open business
2	1/2/14	Borrow $30,000 from bank against line of credit at 0.085 annual rate accruing monthly over 12 months
3	1/2/14	Purchase equipment for $125,000 depreciate to $12,000 salvage value over 5 years DDB in exchange for note payable , @ 0.07 annual rate, amortized monthly over 60 months. Contract calls for balloon payment of $30,000 at end of 60th month.
4	1/2/14	Record cash payment of 12 months rent $12,000
5	1/3/14	Purchase 1,500 supplies on account, 600 remain at month end
6	1/4/14	Purchase inventory on account,, 600units @ $48
7	1/8/14	For prompt payment on transaction # 6 above, which included a discount option of 2/10, net 30, settle 18,000 within terms
8	1/10/14	Sell 275 units $90 per unit on account
9	1/12/14	Customer, transaction # 8 , sent payment of 14,000 within terms 2/10, net 30
10	1/14/14	Customer actually returned 15 units for full credit
11	1/15/14	Purchased 325 units of inventory @ $55 on account
12	1/15/14	To record salaries paid on 1-15-14 (salaries paid on 1st and 15th) $5,500
13	1/17/14	Sell 360 units of inventory on account @ $100 per unit, using FIFO
14	1/18/14	Record contract to deliver 200 units of inventory @ 97 per unit secured by a cash deposit of 10,000, 100 units were actually delivered during the month Bookkeeper recorded all 19,400 as revenue
15	1/18/14	To record freight-out charges paid in cash in the amount of 346.80
16	1/28/14	To record utilities expense for January '14 to be paid on 2/10/16 $575
17	1/30/14	17. Management expects 7 additional returns on January sales in the month of February
18	1/30/14	18. Management forecasts bad debt expense by aging schedule below:
19	1/30/14	19. Managements considers effect of market changes on inventory as shown below:
20	1/30/14	Pay dividend to leave 7,000 in retained earnings
21	1/30/14	21. Record $100,000 construction expense on account, estimated completion costs $500,000, Contract value $750,000 Billings on construction in progress, $85,000 Collected, $70,000 on billings

Cash Flows

Net
Dpr
Accts Rec
Allowance Sls
Allowance bd
Constr in Prog
Prepaid
Supplies
Inventory
Accts payable
Unearned
Salaries payable
Billings on Const
Opr

Income Statement
Construction Revenue		125000
Sales		65,050.00
Sales Discounts		80.00
Sales Returns, Allowances		1,350.00
Net Sales		63,620.00
C.O.G.S.		34,560.00
Gross Margin		154,060.00
Supplies Expense		1,500.00
Depreciation		1,883.33
Interest Expense		11,300.00
Salaries expense		5,500.00
Rent expense		1,000.00
Utilities expense		575.00
Bad debt expense		28.82
LCM Adjustment
Freight out		346.80
Net Income		131,926.05

Balance sheet

Cash		32,658.20
Accounts Receivable		145,450.00
Allowance for Sales Returns		1,350.00
Allowance for Doubtful Accts		28.82
Net Receivables		144,071.18
Construction in Progress		100000
Prepaid rent		11,000.00
Supplies		600.00
Inventory		29,395.00
Equipment		123,116.67
A.D.		-
Total		440,841.05

Accounts Payable		40,175.00
Line of credit		32,550.00
Unearned Revenue		9,700.00
Salaries payable
Billings on Construction		15000
Note Payable		133,750.00
Paid -in Capital		202,666.05
Retained Earnings		7,000.00
total		440,841.05