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please help with question B Cash Filters Vehicles Prepaid Costs Debt TIES & OWNERS EQUITY Paid-in Capital Retained Earnings $25,000 $200,000 $25,000 $200,000 ($40,000) ($20,000)
please help with question B
Cash Filters Vehicles Prepaid Costs Debt TIES & OWNERS EQUITY Paid-in Capital Retained Earnings $25,000 $200,000 $25,000 $200,000 ($40,000) ($20,000) ($20,000) ($100,000) $40,000 $20,000 $20,000 $100,000 YEAR 1 Beginning-of-year activities 1 Founders' Investment, HBS Prize Money 2 Alumnus Investment 3 Blue Future Contract Charge 4 Slowsand Filters 5 Motorcycles and Trucks 6 Prepaid Marketing, Brand Ambassador Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks $219,000 ($32,850) ($37,230) ($3,600) ($120,000) $219,000 (532,850) ($37,230) ($3,600) ($120,000) ($50,000) ($10,200) ($10,000) ($2,500) ($29,784) ($10,200) (560,000) ($2,500) ($29,784) ($2,667) ($1,333) ($2,667) ($1,33 ($4,000 ($4,000) F H G LOS K L TIECIN VCILIC M UIUH1 COPILUI O Hiepuru LUL VCU N #CLOCULORI 53 $17,836 $18,667 $16,000 $87,333 $0 $225,000 ($85,164) $1,000,000 $1,000,000 ($487,500) ($492,500) $487,500 $492,500 YEAR 2 Opening Balances Beginning-of-year activities 1 Debt 2 Slowsand Filters 3 Motorcycles and Trucks Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks 16 Repay Debt 17 Interest Charge $8,760,000 ($1,314,000) ($1,489,200) ($120,000) ($325,000) ($36,000) ($408,000) ($25,000) ($65,000) ($1,191,360) $8,760,000 ($1,314,000) ($1,489,200) ($120,000) ($325,000) ($36,000) ($408,000) ($75,000) ($65,000) ($1,191,360) ($50,000) ($2,667) ($33,83 ($2,667) ($33,833) ($102,500) ($102,500) ($1,000,000) ($100,000) ($1,000,000) ($100,000) YEAR 2 CLOSING TOTALS $2,724,276 $472,334 $406,000 $34,666 $0 $225,000 $3,412,276 ASSETS Cash Filters Vehicles LABIUTIES 2 OWNERS' EQUITY Paid-in Capital Retained Earnings Prepaid Costs Debt 3 5 5 YEAR 3 Opening Balances Beginning-of-year activities 1 Slowsand Filters 2 Motorcycles and Trucks Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks YEAR 3 CLOSING TOTALS $0 $0 $o $0 SO $0 $0 Cash Filters Vehicles Prepaid Costs Debt TIES & OWNERS EQUITY Paid-in Capital Retained Earnings $25,000 $200,000 $25,000 $200,000 ($40,000) ($20,000) ($20,000) ($100,000) $40,000 $20,000 $20,000 $100,000 YEAR 1 Beginning-of-year activities 1 Founders' Investment, HBS Prize Money 2 Alumnus Investment 3 Blue Future Contract Charge 4 Slowsand Filters 5 Motorcycles and Trucks 6 Prepaid Marketing, Brand Ambassador Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks $219,000 ($32,850) ($37,230) ($3,600) ($120,000) $219,000 (532,850) ($37,230) ($3,600) ($120,000) ($50,000) ($10,200) ($10,000) ($2,500) ($29,784) ($10,200) (560,000) ($2,500) ($29,784) ($2,667) ($1,333) ($2,667) ($1,33 ($4,000 ($4,000) F H G LOS K L TIECIN VCILIC M UIUH1 COPILUI O Hiepuru LUL VCU N #CLOCULORI 53 $17,836 $18,667 $16,000 $87,333 $0 $225,000 ($85,164) $1,000,000 $1,000,000 ($487,500) ($492,500) $487,500 $492,500 YEAR 2 Opening Balances Beginning-of-year activities 1 Debt 2 Slowsand Filters 3 Motorcycles and Trucks Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks 16 Repay Debt 17 Interest Charge $8,760,000 ($1,314,000) ($1,489,200) ($120,000) ($325,000) ($36,000) ($408,000) ($25,000) ($65,000) ($1,191,360) $8,760,000 ($1,314,000) ($1,489,200) ($120,000) ($325,000) ($36,000) ($408,000) ($75,000) ($65,000) ($1,191,360) ($50,000) ($2,667) ($33,83 ($2,667) ($33,833) ($102,500) ($102,500) ($1,000,000) ($100,000) ($1,000,000) ($100,000) YEAR 2 CLOSING TOTALS $2,724,276 $472,334 $406,000 $34,666 $0 $225,000 $3,412,276 ASSETS Cash Filters Vehicles LABIUTIES 2 OWNERS' EQUITY Paid-in Capital Retained Earnings Prepaid Costs Debt 3 5 5 YEAR 3 Opening Balances Beginning-of-year activities 1 Slowsand Filters 2 Motorcycles and Trucks Through-the-year activities 7 Revenues Revenue Underreporting Cost of Revenue, Vendor Compensation 8 Technicians' Wages 9 Local Management Salaries 10 Sales Staff Salaries 11 Water Testing & Filter Maintenance 12 Marketing Expenses 13 Vehicle Expenses 14 Other Costs Year-closing activities 15 Depreciation Blue Future Contract Slowsand Filters Motorcycles and Trucks YEAR 3 CLOSING TOTALS $0 $0 $o $0 SO $0 $0Step by Step Solution
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