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the questions are from the same topic and are subquestions also please hurry maybe this question can help woth the other quwstions The Samole Cale

the questions are from the same topic and are subquestions
also please hurry
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image text in transcribed
image text in transcribed
maybe this question can help woth the other quwstions
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The Samole Cale nearly broke even in the first month of business Below is a simpled income statement for January along with some noten garding of actions Sample Cafe Income Statement Summary Month Ended January 31, 20 x Hem Value Note Revenge Cost of Goods Solid $3.400 Includes 5800 for a Sevent has been moed but not yet paid includes $100 of Led tromvertory R$1.000 of coffee Antena 400 of we were purcharge yuted to Includes per 3200 Total 120.000 -400 Nat income Update the Sample Cate balance sheet for January 31 uning the template below to reflect the month of operations Asset Account L/Equity Account Value 20 Acous cable So Long Tamme S Inventory ve Furniture & Pencap Acum Retained Depot TA * Input Aboumated Depreciation as a negative value QUESTION 4 What is the book value of furniture and equipment at the end of January? Answer $ 0 . Choose the best statement below regarding Sample Cate operations in January The cate had a small loss but cash increased primarily because the change in accounts payable was greater than accounts receivable for the month The cafe had a small loss but cash increased solely because of the impact of equipment depreciation The cafe had positive cash flow because of the revenue from the special event The cate uses an accrual-based accounting system for their income statement In early December Alice and Bob decided to open Sumple Cafe with $14,000 of their own money and $20.000 borrowed from a friend. They have spent $11,000 on equipment and furniture, and they have purchased $2.700 worth of cups for cash which they expect will be used over the next three months. Having put down a $2.700 deposit for a location on Main St, they will pay the first month's rent when they open their doors on January in the balance sheet template blow, fill in the appropriate values as of December 31 Aurel Account Value Liability wity Account Value 517600 Accounts Payable 0 Aboneca SO Long-Terma 20000 entory $ 2700 Total Labs 520000 Furniture & Equipment 11000 Accumulated Depreciation SO Pan Capital 100 Depot Total Total Liabilities & booty 534000 bin

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