Anna's Fashion Shop Anna's Fashion Shop

Income Statement Balance Sheet

For the month ended May 31, 2021 As of May 31, 2021

Sales 90,000 Cash

Cost of Sales 25,000 Accounts Recievable
Gross Income 65,000 Inventory
Prepaid Supplies
Salaries Expense -18,000 Service Vehicle
Rent Expense -10,000
Selling Expense -3,500 Accounts Payable
Supplies Expense -2,000 Notes Payable
Utilities Expense -11,500
Anna's Capital
Net Income 20,000 Anna's Withdrawal
hion Shop Anna's Fashion Shop
Sheet Statement of Cash Flows
31, 2021 For the year indeed May 31, 2021
Debit Credit Net Cash flow from operating activities:
127,000 Sales Collectives 45,000
45,000 Payment to supplier -70,000
144,000 Saaries Expense -18,000
8,000 Rent Expense -10,000
190,000 Selling Expense -3,500
Prepaid Supplies -11,000
99,000 Utilities Expense -10,500
120,000
Net cash flow from investing activities:
320,000 Service Vehicle 190,000
25,000
539,000 539,000 Net cash flow from financing activities:
Anna's Investment 300,000
Notes Payable 120,000
Anna's withdrawal -25,000
Net increase in cash
Cash beginning balance
Cash balance at the end of May
 -78,000

-190,000

395,000
127,000

127,000