ADA University Accounting for Managers

List of Events (cumulative)

# Balance Sheet 1 2 3 4 5 6 7 8 9 10 11 12
1 Cash 2,500 50 950 770 30 1,130 890 1,640 1,640 1,340 590 1,560
2 Receivables 350 350 350
3 Inventory 650 - - 740 - - - - - 800 -
4 Equiplment 1,800 1,800 1,800 1,800 1,800 1,800 1,800 2,500 2,500 2,500 2,500
5 Total Assets 2,500 2,500 2,750 2,570 2,570 2,930 2,690 3,440 4,140 4,190 4,240 4,410

6 Payables to suppliers 700 700 750 750

7 Shareholder's Equity 2,500 2,500 2,750 2,570 2,570 2,930 2,690 2,940 2,940 2,990 2,990 3,155
Including:
7 + Investments 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,750 2,750 2,750 2,750 2,750
7 + Revenue - - 900 900 900 2,000 2,000 2,000 2,000 2,350 2,350 3,600
7 - Expenses / Cost (650) (830) (830) (1,570) (1,610) (1,610) (1,610) (1,910) (1,910) (2,755)
7 - Divideds (200) (200) (200) (200) (200) (440)
8 Loan payable 500 500 500 500 500
9 Interest on Loan Payable 5
Total Equity and Liabilities 2,500 2,500 2,750 2,570 2,570 2,930 2,690 3,440 4,140 4,190 4,240 4,410
Check (Must be Zero!) - - - - - - - - - - - -

Prepared by: Fuad Karimov

ADA University Accounting for Managers

List of Events (cumulative)

# Profit & Loss 1 2 3 4 5 6 7 8 9 10 11 12

1 + Revenue - - 900 900 900 2,000 2,000 2,000 2,000 2,350 2,350 3,600
2 - Cost of sales (650) (650) (650) (1,390) (1,390) (1,390) (1,390) (1,690) (1,690) (2,490)
3 Gross profit - - 250 250 250 610 610 610 610 660 660 1,110
4 - Salary of Maryam - - - (180) (180) (180) (180) (180) (180) (180) (180) (180)
6 - Salary of Assistant (40) (40) (40) (40) (40) (80)
7 Total Sales, General and Administrative expenses - - - (180) (180) (180) (220) (220) (220) (220) (220) (260)
8 - Interest expense (5)
9 Total finance costs - - - - - - - - - - - (5)
10 Net profit 845
Check (Must be Zero!) -

Prepared by: Fuad Karimov