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The balance sheet shows MoneyCare had total assets of $370,820 as of August 31st consisting of cash, accounts receivable, supplies, building equipment, and land. Total liabilities were also $370,820 consisting of accounts payable, tax payable, loan, and capital. The income statement shows MoneyCare had $252,200 in sales and $218,848 in total expenses, resulting in net retained earnings of $33,352. The cash flow statement shows no receipts or payments, resulting in a net balance of $0.
The balance sheet shows MoneyCare had total assets of $370,820 as of August 31st consisting of cash, accounts receivable, supplies, building equipment, and land. Total liabilities were also $370,820 consisting of accounts payable, tax payable, loan, and capital. The income statement shows MoneyCare had $252,200 in sales and $218,848 in total expenses, resulting in net retained earnings of $33,352. The cash flow statement shows no receipts or payments, resulting in a net balance of $0.
The balance sheet shows MoneyCare had total assets of $370,820 as of August 31st consisting of cash, accounts receivable, supplies, building equipment, and land. Total liabilities were also $370,820 consisting of accounts payable, tax payable, loan, and capital. The income statement shows MoneyCare had $252,200 in sales and $218,848 in total expenses, resulting in net retained earnings of $33,352. The cash flow statement shows no receipts or payments, resulting in a net balance of $0.
Supplies 26625 Loan 12000 Building Equipment 285000 Capital 304000 Land 12000 R.E. 33352 Total 370820 Total 370820 Net Retained Earnings Balance Sheet of MoneyCare as on 31st August Assets Liabilities Income Sales 252200 Total 252200 Expenses Wages 85750 Light,Powder 15000 Depricitation 15000 supplies exp 60250 Selling 28375 Interest 2880 Income Tax 11593 Supplies Total 218848 Net Retained Earnings 33352 Income Statement Reciepts Capital Total 0 Payments Total 0 Net Balance 0 Cash Flow Statement