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
Year 1 Year 2
Sales 12011 11968
cost of goods sold 3011 2992
Gross Margin 9000 8976
Other expense 6201 6429
Profit before taxes 2799 2547
Tax expense 1120 1019
Net Income 1679 1528
ompany
Year 3 Year 4
11545 10000
2886 2500
8659 7500
6296 5600
2363 1900
945 800
1418 1100
Sl. No. Cash Accounts receivable

1 20000

2 -5000

3 -1000
4 -4500
5 +5000 +5000
6 -1500
7 +1000 -1000
8 -750
9 -500
10
11

Income Statement
Revenue
Cost of sales(salaries)
Gross margin
Other expense
Profit before tax
Tax
Net Income
 Acme consulting
Total
Supplies Inventories Equipment
Assets
20000

7000 2000

+1000 -1000
-4500
0
-1500
0
0
-500
0
-200 -200

ncome Statement
10000
4500
5500
1650
3850
0
3800
e consulting
Total
Account payable Owners equity
Liablity
20000

+2000

-4500
+10000
-1500

-750
-500
+200 -200
-200
 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 Cash Flow
Cash Inflow
Current Liability Capital- 25000
commission -2000
Charges on credit card - 1000
Total Cash inflow -28000

Long Term Liablity

equipment- 3000 Cash Outflow
rent paid- 5000
office supplies- 500
Advertising- 750
owner's equity salary - 3000
Credit card - 1000 equipment -5000
Amount:- 25000 office supplies- 100
Total Liability - 29000
Total Cash outflow -14350
Income statement Sl. No. Cash

Revenue 1 25000
Commission-10000 2 -500
3
4 -500
5 -750
6 -3000
7 2000
8 -5000
Expenses 9 -100
Rent- 500 10 1000
Equipment- 3000 Total 18150
Office supplies- 500
Advertising- 750
Salary - 3000
Office supplies- 100
 Bon Voyage Travel
Accounts Supplies Accounts Owner's
Equipment Total
receivable Inventories Payable equity
25000
-500
3000 3000
-500
-750
-3000
8000 10000
-5000
-100
1000
8000 3000 29150 3000 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