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Assignment 1

The document contains financial statements including balance sheets, income statements, and owner equity statements for multiple periods. It shows assets, liabilities, revenue, expenses, and net income for each period, indicating profitability and capital changes. The final figures reflect the financial health and equity position of the entity over time.

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subhana.ayeshah3047
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44 views5 pages

Assignment 1

The document contains financial statements including balance sheets, income statements, and owner equity statements for multiple periods. It shows assets, liabilities, revenue, expenses, and net income for each period, indicating profitability and capital changes. The final figures reflect the financial health and equity position of the entity over time.

Uploaded by

subhana.ayeshah3047
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

P1.

1A
ASSESTS LIABILITIES
SERIAL NO CASH + A/R + SUPPLIES + EQUIPMENT = N/P +
1 15000
2 -600
3 -3000 3000
4
5 -900 900
6 3000 7000
7 -600
8 -500
9 -2500
10 4000 -4000
13900 3000 900 3000 0
20800 200

INCOME STATEMENT
REVENUE 10000
EXPENSES -600
-700
-2500
NET INCOME 6200 (PROFIT)

P1.2A
ASSESTS LIABILITIES
SERIAL NO CASH + A/R + SUPPLIES + EQUIPMENT = N/P +
OB 5000 1500 500 6000
1 1200 -1200
2 -2800
3 4000 3500
4 -400 2000
5 -4100
6 -700
7 2000 2000
8
4200 3800 500 8000 2000
16500 5270

INCOME STATEMENT BALANCE SHEET


REVENUE 7500 CASH
EXPENSES -4100 A/R
-270 SUPPLIES
NET INCOME 3130 (PROFIT) EQIPMENT
OWNER EQUITY STATEMENT
CAPITAL 8800
NET INCOME 3130
DRAWINGS -700
ENDING CAPITAL 11230

P1.4A
ASSESTS LIABILITIES
DATE CASH + A/R + SUPPLIES + EQUIPMENT = N/P +
1 7000
2 -900
3 800
5 -125
9 4000
12 -1000
15 6400
17 -2500
20 -600
23 4000 -4000
26 5000 5000
29 4200
30 -275
14600 2400 800 4200 5000
22000 9400

INCOME STATEMENT BALANCE SHEET


REVENUE 10400 CASH
EXPENSES -900 A/R
-125 SUPPLIES
-2500 EQIPMENT
-275
NET INCOME 6600 (PROFIT)

OWNER EQUITY STATEMENT


BEGINNING CAPITAL 7000
NET INCOME 6600
DRAWINGS -1000
ENDING CAPITAL 12600

SUBMITTED BY
NAME SUBHANA AYESHAH MAZID
ID 2422383630
SECTION 11
OWNER EQUITY
A/P + CAPITAL - DRAWING + REVENUE - EXPENSE
15000
-600

700 -700

10000
-600
-500
-2500

200 15000 -600 10000 -3800


20600

OWNER EQUITY
A/P + CAPITAL - DRAWING + REVENUE - EXPENSE
4200 8800

-2800
7500
1600
-4100
-700

270 -270
3270 8800 -700 7500 -4370
11230

4200 A/P 3270


3800 N/P 2000
500 OE 11230
8000 16500
16500

OWNER EQUITY
A/P + CAPITAL - DRAWING + REVENUE - EXPENSE
7000
-900
800
-125
4000
-1000
6400
-2500
-600

4200
-275
4400 7000 -1000 10400 -3800
12600

14600 A/P 4400


2400 N/P 5000
800 OE 12600
4200 22000
22000

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