Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to create cash flow statements for five years with the following data: Thanks in advance. Rio Brazilian Steakhouse Income Statement For Month Ended June

How to create cash flow statements for five years with the following data:

image text in transcribed

image text in transcribed

image text in transcribed

Thanks in advance.

Rio Brazilian Steakhouse Income Statement For Month Ended June 30, 2021 Revenue: Income from Sales $162,688.00 Expenses Wages Expense Lease Expense Insurance Expense Utilities Expense Supplies Expense Marketing Expense Misc Expense 24,624.00 2,500.00 1,500.00 1,900.00 7,035.24 350.00 200.00 Total Expenses 38, 109.24 $124,578.76 Net Income $0.00 Rio Brazilian Steakhouse Statement of Owner's Equity For Month Ended June 30, 2021 Rio Brazilian Steakhouse, Capital, June 1, 2021 Investment during June $ 19,570.00 Net Income for June 124,578.76 Subtotal $ 105,008.76 Less Withdrawals for June 3,500 Increase in Capital C.Garcia, Capital, June 30, 2021 101,508.76 $ 101,508.76 Rio Brazilian Steakhouse Balance Sheet June 30, 2021 Assets Cash 20,000.00 Equipment 10,000 Supplies 5,000 Inventory 1,759 Total Current Assets Liabilities Accounts Payable 2,136 Wages Payable 5,350 Lease Payable 2,500 Total Current Liabilities Owner's Equity C.Garcia, Capital Total Liabilities & Owner's Equity $36,758.81 $ 9,986.00 101,508.76 $36,758.81 Rio Brazilian Steakhouse Income Statement For Month Ended June 30, 2021 Revenue: Income from Sales $162,688.00 Expenses Wages Expense Lease Expense Insurance Expense Utilities Expense Supplies Expense Marketing Expense Misc Expense 24,624.00 2,500.00 1,500.00 1,900.00 7,035.24 350.00 200.00 Total Expenses 38, 109.24 $124,578.76 Net Income $0.00 Rio Brazilian Steakhouse Statement of Owner's Equity For Month Ended June 30, 2021 Rio Brazilian Steakhouse, Capital, June 1, 2021 Investment during June $ 19,570.00 Net Income for June 124,578.76 Subtotal $ 105,008.76 Less Withdrawals for June 3,500 Increase in Capital C.Garcia, Capital, June 30, 2021 101,508.76 $ 101,508.76 Rio Brazilian Steakhouse Balance Sheet June 30, 2021 Assets Cash 20,000.00 Equipment 10,000 Supplies 5,000 Inventory 1,759 Total Current Assets Liabilities Accounts Payable 2,136 Wages Payable 5,350 Lease Payable 2,500 Total Current Liabilities Owner's Equity C.Garcia, Capital Total Liabilities & Owner's Equity $36,758.81 $ 9,986.00 101,508.76 $36,758.81

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Solve each equation. 3 x 3 x 3 X +3

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago