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  • Charles company financial statement summary under 40 chars

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    Sourav Mookerjee
    18 vistas18 páginas
    This document summarizes the financial position of Bon Voyage Travel. It shows the company has total assets of $30,350 consisting of current assets of $14,350 (cash) and non-current assets of $16,000 (equipment and commissions receivable). Total liabilities are $29,000 consisting of current liabilities of $1,000 (credit card) and long-term liabilities of $3,000 (equipment loan). Owner's equity is $25,000. The income statement shows revenue of $10,000 and expenses of $14,350 resulting in net income of $1,000.

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    This document summarizes the financial position of Bon Voyage Travel. It shows the company has total assets of $30,350 consisting of current assets of $14,350 (cash) and non-current assets of $16,000 (equipment and commissions receivable). Total liabilities are $29,000 consisting of current liabilities of $1,000 (credit card) and long-term liabilities of $3,000 (equipment loan). Owner's equity is $25,000. The income statement shows revenue of $10,000 and expenses of $14,350 resulting in net income of $1,000.

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    © All Rights Reserved
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    18 vistas18 páginas

    Charles company financial statement summary under 40 chars

    Cargado por

    Sourav Mookerjee
    This document summarizes the financial position of Bon Voyage Travel. It shows the company has total assets of $30,350 consisting of current assets of $14,350 (cash) and non-current assets of $16,000 (equipment and commissions receivable). Total liabilities are $29,000 consisting of current liabilities of $1,000 (credit card) and long-term liabilities of $3,000 (equipment loan). Owner's equity is $25,000. The income statement shows revenue of $10,000 and expenses of $14,350 resulting in net income of $1,000.

    Copyright:

    © All Rights Reserved
    Descargue como XLSX, PDF, TXT o lea en línea desde Scribd
    Marcar por contenido inapropiado
    de 18

    Charles company

    Assets
    Current Assets
    Cash- $12,000
    Total CA:- 12000
    Non Current Assets
    Inventory- $ 95,000
    Other items- $ 13,000
    Total NCA- 108000

    Total Assets :- $ 120000

    arles company
    Liability & Owner's Equity
    Current Liablity

    Long term liability


    Loan:- $ 40,000

    Owner's equity
    $12,000
    $68,000
    Total L & OE - $ 120000

    Mi
    Current Assets
    Non Current Assets
    Total Assets
    Current Liability
    Non Current Liability
    Paid in capital
    Retained earning
    Total Liability and Owner's equity

    The basic accounting equation applied h

    Microtech Company
    Year 1

    Year 2

    113624

    90442

    410976

    198014

    524600

    288456

    56142

    40220

    240518

    71297

    214155

    173295

    13785

    3644

    524600

    288456

    basic accounting equation applied here is

    ( Total Assets = Total Liablity + Owner's Equity)

    ny
    Year 3

    Year 4

    85124

    69090

    162011

    151021

    247135

    220111

    15583

    17539

    60100

    30222

    170000

    170000

    1452

    2350

    247135

    220111

    al Liablity + Owner's Equity)

    Astrotech Company
    Sales
    cost of goods sold
    Gross Margin
    Other expense
    Profit before taxes
    Tax expense
    Net Income

    Year 1
    12011
    3011
    9000
    6201
    2799
    1120
    1679

    Year 2
    11968
    2992
    8976
    6429
    2547
    1019
    1528

    ompany
    Year 3
    11545
    2886
    8659
    6296
    2363
    945
    1418

    Year 4
    10000
    2500
    7500
    5600
    1900
    800
    1100

    Sl. No.

    Cash

    20000

    -5000

    -1000

    4
    5
    6
    7
    8
    9
    10
    11

    -4500
    +5000
    -1500
    +1000
    -750
    -500

    Accounts receivable

    +5000
    -1000

    Income Statement
    Revenue
    Cost of sales(salaries)
    Gross margin
    Other expense
    Profit before tax
    Tax
    Net Income

    Acme consulting
    Supplies Inventories

    Equipment

    Total
    Assets
    20000

    7000

    2000

    +1000

    -1000

    -200

    -4500
    0
    -1500
    0
    0
    -500
    0
    -200

    ncome Statement
    10000
    4500
    5500
    1650
    3850
    0
    3800

    e consulting
    Account payable

    Owners equity
    20000

    +2000

    -4500
    +10000
    -1500

    +200

    -750
    -500
    -200
    -200

    Total
    Liablity

    Description
    Investement
    Purchased equipement worth 7000. Paid
    5000 cash and 2000 on credit
    Supplied inventory worth 1000.paid cash
    Salaries
    Revenue
    Loan repaid 1500.
    Revenue received
    Rent
    Utilities
    Travel

    Bon Voyag
    Assets
    Current Assets
    Cash -14350

    Non current Assets


    equipment- 8000
    commission- 8000

    Total Assets - 30350

    Bon Voyage Travel


    Liability & Owner's Equity
    Current Liability

    Long Term Liablity


    equipment- 3000

    owner's equity
    Credit card - 1000
    Amount:- 25000
    Total Liability - 29000

    Cash Flow
    Cash Inflow
    Capital- 25000
    commission -2000
    Charges on credit card - 1000
    Total Cash inflow -28000

    Cash Outflow
    rent paid- 5000
    office supplies- 500
    Advertising- 750
    salary - 3000
    equipment -5000
    office supplies- 100
    Total Cash outflow -14350

    Income statement

    Sl. No.

    Cash

    Revenue
    Commission-10000

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    Total

    25000
    -500

    Expenses
    Rent- 500
    Equipment- 3000
    Office supplies- 500
    Advertising- 750
    Salary - 3000
    Office supplies- 100

    -500
    -750
    -3000
    2000
    -5000
    -100
    1000
    18150

    Bon Voyage Travel


    Accounts
    receivable

    Supplies
    Inventories

    Equipment

    Total

    Accounts
    Payable

    Owner's
    equity
    25000
    -500

    3000

    3000

    8000

    8000

    3000

    29150

    3000

    -500
    -750
    -3000
    10000
    -5000
    -100
    1000
    26150

    Total

    Description
    Investement
    rent
    Equipment
    office supplies
    Advertising
    salary
    commission
    equipment payment
    office supplies
    on credit card

    29150

    Kim Fuller case


    Assets
    Current Assets
    Cash- 10000
    Investment - 90000
    Down Payment - (-50000)
    Total CA- 50000
    Non Current Assets
    Machinary & Equipment - 65000
    Warehouse- 162000
    Total NCA- 2270000

    Total Assets :- 277000

    er case
    Liability & Owner's Equity
    Current Liablity

    Long term liability


    Debt- 90000
    balance for warehouse- 112000
    Total LTL- 202000

    Owner's equity
    amount- 75000
    Total L & OE - 277000

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