Assets Liabilities

Account Store Note J.Worthy

Cash receiveable Furniture equipment payable capittal
a 30000 25000 55000
b -1600 1600
c -5000
d 12000 12000
e 1025
f 1000
g 1000 -1000
h -1250
i 9300
j -4000 -4000
k -1000

Tổng 28475 0 1600 37000 8000 55000

2
Revenues 3
Haircutting services revenue 11325 J. Worthy, Capital, August 1* 0
Expenses Plus: Investments by owner 55000
Rent expense 5000 Net income 5075 =60075
Wages expense 1250
Total expenses 6250 Less: Withdrawals by owner -1000
J. Worthy, Capital, August 31 =5907

4 Assets
Cash . . . . . . . . . . . . . . . . . . 28475
Furniture . . . . . . . . . . . . . . 1600
Store equipment . . . . . . . . 37,000
Total assets . . . . . . . . . . . . 67,075
Liabilities
Note payable . . . . . . . . . . . . . . . . . . . 8000
Equity
J. Worthy, Capital . . . . . . . . . . . . . . . 59,075
Total liabilities and equity . . . . . . . . . 67,075

5 Cash flows from operating activities

Cash received from customers . . . . . . . . . . . . . . . . . . . . . 11325
Cash paid for rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5000)
Cash paid for wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1250)
Net cash provided by operating activities . . . . . . . . . . . . 5075
 Cash flows from investing activities
Cash paid for furniture . . . . . . . . . . . . . . . . . . . . . . . . . . . (1600)

Cash flows from financing activities

Cash investments by owner. . . . . . . . . . . . . . . . . . . . . . . . 30,000
Cash withdrawals by owner . . . . . . . . . . . . . . . . . . . . . . . (1000)
Partial repayment of (long-term) note payable . . . . . . . . (4000)
Net cash provided by financing activities . . . . . . . . . . . . . 25000

Net increase in cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28475

Cash balance, August 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Cash balance, August 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28475

6 Net income=5075
Average assets=(J.Worthy capittal+total assets)/2=(55000+67075)/2=61037,5
Return on assets=Net income/Averange assets=8,3%
Liabilities Equity

J.Worthy
withdrawals revenue expense

-5000

1025
1000

-1250
9300

-1000

-1000 11325 -6250

Worthy, Capital, August 1* 0

us: Investments by owner 55000
et income 5075 =60075

ss: Withdrawals by owner -1000

Worthy, Capital, August 31 =59075

. . . . . . . . . . . . . . . . . 8000

al . . . . . . . . . . . . . . . 59,075
and equity . . . . . . . . . 67,075