NAME: ___________________________ C/Y/S: ______________ DATE: ________________

Trading Accounts Allowance for Allowance for Accumulated Accounts Notes Bank Utilities Interest Bonds Premium Share Share Retained Appropriated Revenues
Cash securities receivable bad debts InventoryInventory W-down Land Equipment depreciation payable payable Loan payable payable payable payable on bonds capital premium earnings RE (Expenses)
125,000 250,000 40,000 (2,500) 80,000 (5,000) 500,000 300,000 (60,000) 120,000 40,000 23,000 30,000 500,000 10,000 300,000 50,000 154,500

4,500,000 4,500,000 Sales

(2,500) (2,500) Sales allowances
(3,000) (3,000) Sales discount
4,000,000 3,900,000 100,000
Suppliers (3,800,000) (3,800,000)
(78,000) (78,000) Purchase returns and allowances
(3,900,000) (3,900,000) COGS
Freight in (40,000) 40,000
(2,000) (2,000) COGS: Loss on inventory writedown
Customers 4,300,000 (4,300,000)
(20,000) 20,000
Equipment (80,000) 80,000
Suppliers (70,000) (70,000)
(20,000) 20,000
Customers 15,000 (15,000)
Trading securities 150,000 (100,000) 50,000 Gain on sale of TS
5,000 5,000 Unrealized gain on FV change
Utilities (22,000) 35,000 (57,000) Utilities expense
Interest (20,000) 40,000 (60,000) Interest expense
(2,000) 2,000 Interest expense
Bonds (100,000) (100,000)
Shares 110,000 100,000 10,000
Cash dividends paid (90,000) (90,000)
(200,000) 200,000
Loan 700,000 700,000
Land (500,000) 500,000
Loan (140,000) (140,000)
(34,000) (34,000) Depreciation expense
(70,000) (70,000) Rent expense
(100,000) (100,000) Salaries expense
(12,000) (12,000) Bad debt expense
316,500 Net income
316,500 (316,500)
368,000 155,000 214,500 (9,500) 142,000 (7,000) 1,000,000 380,000 (94,000) 122,000 90,000 560,000 58,000 70,000 400,000 8,000 400,000 60,000 181,000 200,000 -
2,149,000 2,149,000

Net income 316,500

Adjustments: Depreciation expense 34,000
Amortization of premium on bodns payable (2,000)
Net income before working capital changes 348,500 Payments to suppliers (3,870,000)
Changes in working capital Collections from customers 4,315,000
Trading securities 95,000 Payments of freight (40,000)
Accounts receivable (167,500) Payment of utilities (22,000)
Inventory (60,000) Payment of interest (20,000)
Accounts payable 2,000 Payment of salaries (100,000)
Trade notes payable 50,000 Payment of rent (70,000)
Utilities payable 35,000 Proceeds from sale of trading securities 150,000
Interest payable 40,000 343,000
Cash flows from operating activities 343,000 Purchase of equipment (80,000)
Purchase of land (500,000)
(580,000)

Proceeds from bank loan 700,000

Issuance of share capital 110,000
Payment of bonds (100,000)
Payment of bank loan (140,000)
Payment of cash dividends (90,000)
480,000
Net increase in cash 243,000
Beginning cash balance 125,000
Ending cash balance 368,000