The following list presents the assets (Assets) and debts (liabilities) and the income and expenses for UTS, for the period ending April 30, 20Y6. As of May 1, 20Y5, at the beginning of the period, the retained earnings were $300,000, the stock capital was $90,000. During the year, dividends were paid for $75,000.

A. Accounts payable $71,500

B. Accounts receivable $188,100

C. Cash $428,300

D. Fees earned $1,594,200

E. Miscellaneous Expenses $16,000

F. Rent $226,800

G. Supplies $20,100

H. Supplies expense $42,600

I. Taxes expense $33,600

J. Utilities expense $135,000

K. Wages (wages) $890,200

I. Instructions:

1. Prepare an income statement for the year ending April 30, 20Y6.

2. Prepare a stockholder's equity status) for the year ending April 30, 20Y6.

3. Prepare a balance sheet as of April 30, 20Y6.

Income Statement

Statement of Stockholder's Equity

Balance Sheet

2. The following data appeared in the most recent annual report of Google Inc., for the year ending December 31 of 20Y1. The cash balance as of January 1, 20Y1, was $13,630 (millions).

A. Debt issued $829 (in millions)

B. Purchase of property, plant and equipment $67,787 (in millions)

C. Sale of net investments $48,746 (in millions)

D. Net Cash Flow from operating activities $14,565 (in millions)

I. Instructions

1. Prepare the statement of cash flow for the year ending December 31, 20Y1

Statement of Cash Flows

3. SDS has the following transactions for the month of April.

A. He received cash as a result of a stock capital issue for ............... $100,000.

B. Rent payment for the month of April for ............................................................................... $4,200

C. He paid for ads (advertising expense) for ...................................................................... $3,000

D. Received cash for services provided by ................................................................ $27,000

E. He bought cash materials for ................................................................................ $2,500

F. He paid his creditors ....................................................................................................... $8,300

G. Of the materials he bought he used ........................................................................... $1,600

H. I pay dividends for ................................................................................................................ $3,000

I. Use the accounting equation to indicate the effect of each of these transactions on the assets, debts, stockholders equity, the Statement of cash flow and the Income Statement.

Assets = Liabilities + Stockholders equity

Assets = Liabilities + Stockholders' Equity

A.

B.

C.

D.

E.

F.

G.

H.

Result

Statement of cash Flow Income Statement

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