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5038 - Assignment 2 - Work Sheet - Task1 - Task3

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anhhung2003d
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5 views5 pages

5038 - Assignment 2 - Work Sheet - Task1 - Task3

Uploaded by

anhhung2003d
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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ABC INSTITUTION

December 31st
Unadjusted Trial Balance Adjustments
Debit Credit Debit Credit
Cash $ 34,000
Accounts receivable -
Teaching supplies 8,000
Prepaid insurance 12,000
Prepaid rent 3,000
Professional library 35,000
Accumulated depreciation, professional library $ 10,000
Equipment 80,000
Accumulated depreciation, equipment 15,000
Accounts payable 26,000
Salaries payable -
Unearned training fees 12,500
ABC, capital 90,000
ABC, withdrawals 50,000
Tuition fees earned 123,900
Training fees earned 40,000
Depreciation expense, Professional library -
Depreciation expense, Equipment -
Salaries expense 50,000
Insurance expense -
Rent expense 33,000
Teaching supplies expense -
Advertising expense 6,000
Utilities expense 6,400
Total $ 317,400 $ 317,400 - -
Adjusted Trial Balance
Debit Credit

$ - $ -
XYZ
BUSINESS PLAN FOR NEXT YEAR

Production Units Sales Units


Jan 900 350
Feb 840 500
Mar 860 350
Apr 850 400
May 700 400
Jun 990 550
Jul 900 500
Aug 800 600
Sep 850 650
Oct 750 750
Nov 910 850
Dec 950 850
Initial cash balance 140,000
Cost of equipment 624,000
New Borrowing 120,000
Principal payment each month 10,000

Jan Feb Mar Apr


Beginning borrowing
Interest
Principal payment
Ending borrowing

Jan Feb Mar Apr


Products
Revenue
COGS
Depreciation
Sale expense
R&D expense
Interest
Earnings before tax (EBT)
Tax expense
Net income (NI)

Jan Feb Mar Apr


Beginning cash balance
Revenues
Income cash flow
Total cash available
Sale expense
R&D expense
Principal payment
Interest
Tax
Outcome cash flow
Net cash flow
Ending cash balance
COGS/Unit 50
Price/unit 170
Sale expense 10%
R&D expense 5%
Interest 7% per year
Tax 20%

May Jun Jul Aug Sep Oct Nov Dec

May Jun Jul Aug Sep Oct Nov Dec

May Jun Jul Aug Sep Oct Nov Dec

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