Scribd Logo
Upload

Welcome to Scribd!

  • Timeline: Equity Contribution Acquisition of Lemonade Stand Purchase Raw Materials

    Uploaded by

    Mi Tv
    15 views3 pages
    1. An individual contributed $3,000 in equity on June 1st and purchased a lemonade stand for $1,000 on June 10th. They also purchased $500 of raw materials on June 12th. 2. The lemonade stand began trading on June 26th, generating $1,200 in revenue but $500 in costs of goods sold, leaving $700 in revenues. They incurred $150 in utility expenses that day. 3. Further timeline entries track additional revenues, expenses, material purchases and depreciation for the lemonade stand business through mid-August.

    Original Description:

    022 Practical-Exercise-Timeline.pptx

    Original Title

    022 Practical-Exercise-Timeline.pptx

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. An individual contributed $3,000 in equity on June 1st and purchased a lemonade stand for $1,000 on June 10th. They also purchased $500 of raw materials on June 12th. 2. The lemonade stand began trading on June 26th, generating $1,200 in revenue but $500 in costs of goods sold, leaving $700 in revenues. They incurred $150 in utility expenses that day. 3. Further timeline entries track additional revenues, expenses, material purchases and depreciation for the lemonade stand business through mid-August.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views3 pages

    Timeline: Equity Contribution Acquisition of Lemonade Stand Purchase Raw Materials

    Uploaded by

    Mi Tv
    1. An individual contributed $3,000 in equity on June 1st and purchased a lemonade stand for $1,000 on June 10th. They also purchased $500 of raw materials on June 12th. 2. The lemonade stand began trading on June 26th, generating $1,200 in revenue but $500 in costs of goods sold, leaving $700 in revenues. They incurred $150 in utility expenses that day. 3. Further timeline entries track additional revenues, expenses, material purchases and depreciation for the lemonade stand business through mid-August.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Timeline

    Equity Acquisition of Purchase Raw


    Contribution Lemonade Stand Materials
    1 June 2015 10 June 2015 12 June 2015
    $3,000 $1,000 $500

    1
    © 365careers, 2015
    Timeline

    Start of Trading

    Revenues Utility Expenses


    26 June 2015 26 June 2015
    Revenue $1,200 $150
    (Cogs $500)

    Equity Acquisition of Purchase Raw


    Contribution Lemonade Stand Materials
    1 June 2015 10 June 2015 12 June 2015
    $3,000 $1,000 $500

    2
    © 365careers, 2015
    Timeline

    Revenues Utility Expenses Depreciation


    20 August 2015 20 August 2015 $100
    Revenue $2,700 $200
    (Cogs $900)

    Purchase Raw
    Materials
    15 July 2015
    $900

    3
    © 365careers, 2015

    You might also like