ASSETS = LIABILITIES

Cash Accounts Office equip. Building Office Note payable Accounts

rec. supplies payable

a. 60,000 30,000
b. (50,000) 300,000 250,000
c. (6,000) 6,000
d. 1,000 4,000 5,000
e. (1,000)
f. 4,000
g. 8,000
h. (1,800)
i. 3,000 (3,000)
j. (500) (500)
k. (2,500)
9,200 1,000 37,000 300,000 4,000 250,000 4,500
351,200 351,200
 + EQUITY

Owner's cap. - Owner's + Revenues - Exp.

withdrawals

90,000

(1,000)
4,000
8,000
(1,800)

(2,500)
90,000 (1,800) 12,000 (3,500)
 TRANSACTIONS ANALYSIS
ASSETS = LIABILITIES

Accounts Electrical Office Office Note Accounts

Cash
rec. equip. equip. supplies payable payable

1 56,000
2 (800)
3 (3,200) 14,000 10,800
5 (900) 900
6 1,000
8 3,800 3,800
15 4,000
18 500 500
20 (3,800) (3,800)
24 600
28 4,000 (4,000)
29 (1,200)
30 (440)
31 (700)
49,960 600 14,000 3,800 1,400 11,300
69,760 69,760
 + EQUITY

- Owner's
Owner's +
withdrawa - Exp.
cap. Revenues
ls

56,000 INCOME STATEMENT

(800) Revenues $ 5,600
Expenses:
Rent expense $ (800)
1,000 Salaries expense $ (1,200)
Utility expense $ (440)
4,000 Net Income $ 3,160

600

(1,200)
(440)
(700)
56,000 (700) 5,600 (2,440)
 STATEMENT OF OWNER'S EQUITY BALANCE SHEET
Owner's capital - ASSETS
Add: Cash 49,960
Investment by owner $ 56,000 Accounts rec. 600
Net income 3,160 Electrical equip. 14,000
Less: Office equip. 3,800
Owner's withdrawals $ (700) Office supplies 1,400
Owner's capital, 12/31 $ 58,460 TOTAL ASSETS 69,760
BALANCE SHEET STATEMENT OF CASH FLOW
LIABILITIES Cash flow from operating activities
Accounts payable 11,300 Cash paid for rent
Cash paid for office supplies
EQUITY Cash received frm customers
Owner's capital $ 58,460 Cash paid for employee's salaries
Cash paid for utility
TOTAL LIABILITIES & EQUITY 69,760 Net cash provided by operating activities
Cash flow from investing activities
Cash paid for electrical equipment
Cash paid for office equipment
Net cash provided by operating activities
Cash flow from financing activities
Cash invested by owner
Cash withdrew by owner
Net cash provided by financing activities
Net change in cash at the end of period
FLOW

(800)
(900)
5,000
(1,200)
(440)
1,660

(3,200)
(3,800)
(7,000)

56,000
(700)
55,300
49,960
 ASSETS = LIABILITIES + EQUITY

- Owner's
Cash Accounts Office Building Office Accounts Notes Owner's withdraw
receivable equip. supplies payable payable capital
als

a. 95000 20000 115000

b. -20000 120000 100000
c. -20000 20000
d. 3000 1400 4400
e. -400
f. 1800
g. 2000
h. -5000 -5000
i. 1800 -1800
j. -2000 -2000
k. -2000
49400 0 43000 120000 1400 2400 100000 115000 -5000
213800 213800
+ EQUITY

+ Rev. - Exp.

-400
1800
2000

-2000
3800 -2400
 TRANSACTIONS ANALYSIS
ASSETS = LIABILITIES

Accounts Office Excavating Office Accounts Notes

Cash
receivable equip. Equip. supplies payable payable

1 60,000
2 (500)
3 (800) 4,000 3,200
6 (500) 500
8 2,200
10 3,800 3,800
15 2,400
17 1,920 1,920
23 (3,800) (3,800)
25 5,000
28 2,400 (2,400)
30 (1,260)
31 (260)
31 (1,200)
56,280 5,000 3,800 4,000 2,420 5,120
71,500 71,500
 + EQUITY

- P.
P. Swender's
Swender, + Rev. - Exp.
capital
withdrawals

60,000 INCOME STATEMENT

(500) Revenues $ 9,600.00
Expenses:
Rent expense $ (500.00)
2,200 Salaries expense (1,260)
Utility expense (260)
2,400 Net Income $ 7,580.00

5,000

(1,260)
(260)
(1,200)
60,000 (1,200) 9,600 (2,020)
 STATEMENT OF OWNER'S EQUITY BALANCE SHEET
P. Swender's capital $ - ASSETS
Add: Cash $ 56,280.00
Investment by P. Swender 60,000 Accounts receivable 5,000
Net income $ 7,580.00 Office equip. 3,800
Less: Excavating Equip. 4,000
P. Swender, withdrawals $ (1,200.00) Office supplies 2,420
P. Swender's capital, 31/07 66,380 Total assets $ 71,500.00
BALANCE SHEET STATEMENT OF CASH FLOW
LIABILITIES Cash flow from operating activities
Accounts payable $ 5,120.00 Cash paid for rent expense
Cash paid for office supplies
EQUITY Cash receive from customers
P. Swender's capital $ 66,380.00 Cash paid for employee salaries
- Cash paid for utility expense
Total liabilities & equity $ 71,500.00 Net cash provided by operating activities
Cash flow from investing activities
Cash paid for excavating equipment
Cash paid for office equipment
Net cash provided by investing activities
Cash flow from financing activities
Cash invested by P. Swender
Cash withdrew by P. Swender
Net cash provided by financing activities

Net change in cash through the period

F CASH FLOW

$ (500.00)
-500
4600
-1260
$ (260.00)
$ 2,080.00

$ (800.00)
(3,800.00)
$ (4,600.00)

$ 60,000.00
(1,200.00)
$ 58,800.00

$ 56,280.00