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Ribbons and Rows Inc

Exhibit A Analysis of Transctions -Ribbons and Rows for the perod ended 30th June 2006

Cash Inventory Stationery Fixed Assets Prepaid Cash RegistPrepaid


Rent Deposit Advt
$ $ $ $ $ $ $
Opening Balance 4000 3300 100 2000 1200 250 150

Sewing Machine -1800 1800


Cash Sales 7400
Credit Sales
Labour -1510
Labor Payable
Rent-3months -1800
Inventory -2900 2900
Cost of Sales -2100
Stationey used -80
Interest Payable
Depn-Sewing Machine -60
Depn-Computer -250
Advt Expenses -150

Total 12770 3390 4100 20 3490 1200 250 0

Ribbons and Rows Inc


Exihibit B Balance Sheet for the period ended 30th June 2006

Assets $ Liabilities $ $
Cash 3390 Cousin's Loan 10000
Inventory 4100 Int Payable 200 10200
Fixed Assets-Net
Sewing Machine 1740 Labor Payable 90
Computer 1750 Carmen's Equiity 2480
Prepaid Rent 1200
Cash Register Deposit 250
Accounts Receivable 320
Stationery 20
Total 12770 12770

Ribbons and Rows Inc


Exhibit C Income Statement for the Period 1st April 2006 to 30th June 2006
$ $
Sales 7720
Cost of Sales 2100
Gross margin 5620
Advt 150
Depn 310
interest 200
stationery 80
Rent 1800
Labour 1600

Profit 1480
nded 30th June 2006

Accounts Outside Owners Remarks


ReceivableLiabi Equity
$ $ $
10000 1000

Purchase of Sewing Machine


7400 Cash Sales
320 320 Credit Sales
-1510 Labour paid
90 -90 Labour Payable
-1800 Rent Paid

-2100 Cost of Sales


-80 Consumption of stationery
200 -200 Int Payable
-60 Depreciation
-250 Depn
-150 Advt

320 10290 2480

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