Tutorial Class-1
Tutorial Class-1
Tutorial Class-1
Asset
Sales 13500 AR 2000
COGS 8000 Cash 1430
Gain on sales o 100 Inventory 1800
Dep 500 PPE 4500
Interest 200 Accumulated Dep -900
Misc Expenses 3200 Net Asset 3600
Income Tax 450 8830
1250
INTEREST
180
20 Opening
1200 PPE 4000 2800
-800 Accumulated Depreciation -1200 -400
400 Net Value 2800 2400
100
Cash Reconciliation
Opening 300
14000
-8100
-1700
500
-200
450
-180
-3200
-440
1430
Balance Sheet
L+E
AP 1500
TP 50
Long Term Debt 2000
Common Stock 1450
RE 3810
Accrued Expense 20
8830
Opening B/S 1/4/2019
Assets L+E
Cash 80,000 Common Stock 200,000
Patent 120000
Sales 598500
Cash Reconciliation
Opening 80,000
Revenue 598500
COGS -404000
Incorporation Cost -2500
Redesign Cost -25000
SGA -63000
Interest -500
Dividend -5000
Equipment -85000
Component -15100
Raw Material 78,400
Finished Goods