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PART 4 ASAP pls. will give good review 4-1 Purchase Inventory for $24,000 cash 4-2 Sales & Service Revenue Service Revenue $31,800 Sales Rev $36,400;
PART 4 ASAP pls. will give good review
4-1 Purchase Inventory for $24,000 cash 4-2 Sales & Service Revenue Service Revenue $31,800 Sales Rev $36,400; COGS $18,200 4-3 Debt Repayment @ 1/1/yr4 1/4 of Original Note 4-4 Operating Expenses Total Operating Exp. $26,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 4-5 Dividend Payment Common Stockx 10% B Depreciation Expense nterest Expense Total Expense Net Income ol 0 Statement of 0 Beginning Common Stock Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings + Net Income - Dividends Ending Retained Earnings Total Stockholders Equity LLLL 0 olo Bala 0 Assets Cash Inventory Equipment Accumulated Depreciation Total Assets Liabilities Notes Payable Total Liabilities Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity Total Liabilities & SE olo Statement Net Cashflow from Operating Net Cashflow from Investing Net Cashflow from Financing Net Change in Cash 5 Beginning Cash Balance 5 Ending Cash Balance 7 o 0 0 0 4-1 42 42 4-4 45 Closing Total 0 0 0 0 0 0 0 4-1 Purchase Inventory for $24,000 cash 4-2 Sales & Service Revenue Service Revenue $31,800 Sales Rev $36,400; COGS $18,200 4-3 Debt Repayment @ 1/1/yr4 1/4 of Original Note 4-4 Operating Expenses Total Operating Exp. $26,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 4-5 Dividend Payment Common Stockx 10% B Depreciation Expense nterest Expense Total Expense Net Income ol 0 Statement of 0 Beginning Common Stock Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings + Net Income - Dividends Ending Retained Earnings Total Stockholders Equity LLLL 0 olo Bala 0 Assets Cash Inventory Equipment Accumulated Depreciation Total Assets Liabilities Notes Payable Total Liabilities Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity Total Liabilities & SE olo Statement Net Cashflow from Operating Net Cashflow from Investing Net Cashflow from Financing Net Change in Cash 5 Beginning Cash Balance 5 Ending Cash Balance 7 o 0 0 0 4-1 42 42 4-4 45 Closing Total 0 0 0 0 0 0 0 Step by Step Solution
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