Statement of Equity CS APIC Beginning 10,000 50,800 RE 96,800 TS Purchase of shares (6000) Sale...
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Statement of Equity CS APIC Beginning 10,000 50,800 RE 96,800 TS Purchase of shares (6000) Sale of shares 500 2000 Cash dividend Net income (4900) 27,572 10,000 51,300 119,472 (4000) Balance sheet Cash $137,895 Accounts receivable $30,000 Inventory $46,600 Prepaid Ins $2700 PP&E $305,000 Accumulated depreciation (120,640) Patent 33,000 Leased equipment 22,800 Leased real estate 123,434 Total 580,788 Operating Net income $27,572 Depreciation/ amort $20,140 Amortization of bond premium $(305) Accounts receivable (5000) Inventory (16,600) Prepaid 3000 Accounts pay 14.500 Taxes pay 5816 Interest payable 2239 Deferred tax liability Financing Payoff note payable Purchase treasury stock Sale of treasury stock Sale of bonds for cash Payoff lease Dividends 445 51,807 (15000) [6000] 2500 107,795 (2507) [4900] 82,088 Statement of Equity CS APIC Beginning 10,000 50,800 RE 96,800 TS Purchase of shares (6000) Sale of shares 500 2000 Cash dividend Net income (4900) 27,572 10,000 51,300 119,472 (4000) Balance sheet Cash $137,895 Accounts receivable $30,000 Inventory $46,600 Prepaid Ins $2700 PP&E $305,000 Accumulated depreciation (120,640) Patent 33,000 Leased equipment 22,800 Leased real estate 123,434 Total 580,788 Operating Net income $27,572 Depreciation/ amort $20,140 Amortization of bond premium $(305) Accounts receivable (5000) Inventory (16,600) Prepaid 3000 Accounts pay 14.500 Taxes pay 5816 Interest payable 2239 Deferred tax liability Financing Payoff note payable Purchase treasury stock Sale of treasury stock Sale of bonds for cash Payoff lease Dividends 445 51,807 (15000) [6000] 2500 107,795 (2507) [4900] 82,088
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