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Information for the year 2019 Information for the year 2020 2 Marketable Securities 3 Accounts Receivable 4 Inventory 5 Number of shares outstanding 6 Other current assets 7 Propert, Plant and equipment 8 Machinery 9 Furniture 10 Vehicles 11 Paid in capital in excess of par vali 600,000.00 12 Par value of stock 13 Notes payable 14 Accounts payable 15 Long term loan 16 Short term loan 17 Dividends 18 Cash 19 Accumulated depreciation 20 Sales 10,000.00 50,000.00 10,000.00 Marketable Securities 20,000.00 60,000.00 30,000.00 120,000.00 10,000.00 400,000.00 80,000.00 15,000.00 Accounts Receivable Inventory Number of shares outstanding 100,000.00 40,000.00 381,000.00 60,000.00 70,000.00 120,000.00 Paid in capital in excess of par valu 420,000.00 Other current assets Propert, Plant and equipment Machinery Furniture 100,000,00 Vehicles 1.00 30,000.00 30,000.00 89,000.00 20,000.00 18,900.00 500,000.00 20,000.00 700,000.00 5,000.00 15,000.00 450,000.00 30,000.00 20,000.00 16,000.00 35% 30,000.00 Par value of stock 1.00 Notes payable Accounts payable Long term' loan Short term loan Dividends Cash Accumulated depreciation Sales Depreciation expense Selling expense Cost of goods sold Research and development expens 30,000.00 General and administrative expens 40,000.00 Interest expense Tax rate Utilities expense Beginning balance of retained earr 30,000.00 5,000.00 60,000.00 13,500.00 16,000.00 300,000.00 25,000.00 900,000.00 5,000.00 20,000.00 600,000.00 21 Depreciation expense 22 Selling expense 23 Cost of goods sold 24 Research and development expens 25 General and administrative expen: 26 Interest expense 27 Tax rate 28 Utilities expense 10,000.00 35% 45,000.00 29 Beginning balance of retained eari 237,800.00 30 31 32 33 Sheet1 Ready P Type here to search 15 2 & 61 08. 6 3

Information for the year 2019 Information for the year 2020 2 Marketable Securities 3 Accounts Receivable 4 Inventory 5 Number of shares outstanding 6 Other current assets 7 Propert, Plant and equipment 8 Machinery 9 Furniture 10 Vehicles 11 Paid in capital in excess of par vali 600,000.00 12 Par value of stock 13 Notes payable 14 Accounts payable 15 Long term loan 16 Short term loan 17 Dividends 18 Cash 19 Accumulated depreciation 20 Sales 10,000.00 50,000.00 10,000.00 Marketable Securities 20,000.00 60,000.00 30,000.00 120,000.00 10,000.00 400,000.00 80,000.00 15,000.00 Accounts Receivable Inventory Number of shares outstanding 100,000.00 40,000.00 381,000.00 60,000.00 70,000.00 120,000.00 Paid in capital in excess of par valu 420,000.00 Other current assets Propert, Plant and equipment Machinery Furniture 100,000,00 Vehicles 1.00 30,000.00 30,000.00 89,000.00 20,000.00 18,900.00 500,000.00 20,000.00 700,000.00 5,000.00 15,000.00 450,000.00 30,000.00 20,000.00 16,000.00 35% 30,000.00 Par value of stock 1.00 Notes payable Accounts payable Long term' loan Short term loan Dividends Cash Accumulated depreciation Sales Depreciation expense Selling expense Cost of goods sold Research and development expens 30,000.00 General and administrative expens 40,000.00 Interest expense Tax rate Utilities expense Beginning balance of retained earr 30,000.00 5,000.00 60,000.00 13,500.00 16,000.00 300,000.00 25,000.00 900,000.00 5,000.00 20,000.00 600,000.00 21 Depreciation expense 22 Selling expense 23 Cost of goods sold 24 Research and development expens 25 General and administrative expen: 26 Interest expense 27 Tax rate 28 Utilities expense 10,000.00 35% 45,000.00 29 Beginning balance of retained eari 237,800.00 30 31 32 33 Sheet1 Ready P Type here to search 15 2 & 61 08. 6 3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1-Prepare the company’s balance sheet and Income statement during 2019 and 2020? 2-prepare the company’s cash flow statement for the year 2020?
Information for the year 2019 Information for the year 2020 2 Marketable Securities 3 Accounts Receivable 4 Inventory 5 Number of shares outstanding 6 Other current assets 7 Propert, Plant and equipment 8 Machinery 9 Furniture 10 Vehicles 11 Paid in capital in excess of par vali 600,000.00 12 Par value of stock 13 Notes payable 14 Accounts payable 15 Long term loan 16 Short term loan 17 Dividends 18 Cash 19 Accumulated depreciation 20 Sales 10,000.00 50,000.00 10,000.00 Marketable Securities 20,000.00 60,000.00 30,000.00 120,000.00 10,000.00 400,000.00 80,000.00 15,000.00 Accounts Receivable Inventory Number of shares outstanding 100,000.00 40,000.00 381,000.00 60,000.00 70,000.00 120,000.00 Paid in capital in excess of par valu 420,000.00 Other current assets Propert, Plant and equipment Machinery Furniture 100,000,00 Vehicles 1.00 30,000.00 30,000.00 89,000.00 20,000.00 18,900.00 500,000.00 20,000.00 700,000.00 5,000.00 15,000.00 450,000.00 30,000.00 20,000.00 16,000.00 35% 30,000.00 Par value of stock 1.00 Notes payable Accounts payable Long term' loan Short term loan Dividends Cash Accumulated depreciation Sales Depreciation expense Selling expense Cost of goods sold Research and development expens 30,000.00 General and administrative expens 40,000.00 Interest expense Tax rate Utilities expense Beginning balance of retained earr 30,000.00 5,000.00 60,000.00 13,500.00 16,000.00 300,000.00 25,000.00 900,000.00 5,000.00 20,000.00 600,000.00 21 Depreciation expense 22 Selling expense 23 Cost of goods sold 24 Research and development expens 25 General and administrative expen: 26 Interest expense 27 Tax rate 28 Utilities expense 10,000.00 35% 45,000.00 29 Beginning balance of retained eari 237,800.00 30 31 32 33 Sheet1 Ready P Type here to search 15 2 & 61 08. 6 3
Transcribed Image Text:Information for the year 2019 Information for the year 2020 2 Marketable Securities 3 Accounts Receivable 4 Inventory 5 Number of shares outstanding 6 Other current assets 7 Propert, Plant and equipment 8 Machinery 9 Furniture 10 Vehicles 11 Paid in capital in excess of par vali 600,000.00 12 Par value of stock 13 Notes payable 14 Accounts payable 15 Long term loan 16 Short term loan 17 Dividends 18 Cash 19 Accumulated depreciation 20 Sales 10,000.00 50,000.00 10,000.00 Marketable Securities 20,000.00 60,000.00 30,000.00 120,000.00 10,000.00 400,000.00 80,000.00 15,000.00 Accounts Receivable Inventory Number of shares outstanding 100,000.00 40,000.00 381,000.00 60,000.00 70,000.00 120,000.00 Paid in capital in excess of par valu 420,000.00 Other current assets Propert, Plant and equipment Machinery Furniture 100,000,00 Vehicles 1.00 30,000.00 30,000.00 89,000.00 20,000.00 18,900.00 500,000.00 20,000.00 700,000.00 5,000.00 15,000.00 450,000.00 30,000.00 20,000.00 16,000.00 35% 30,000.00 Par value of stock 1.00 Notes payable Accounts payable Long term' loan Short term loan Dividends Cash Accumulated depreciation Sales Depreciation expense Selling expense Cost of goods sold Research and development expens 30,000.00 General and administrative expens 40,000.00 Interest expense Tax rate Utilities expense Beginning balance of retained earr 30,000.00 5,000.00 60,000.00 13,500.00 16,000.00 300,000.00 25,000.00 900,000.00 5,000.00 20,000.00 600,000.00 21 Depreciation expense 22 Selling expense 23 Cost of goods sold 24 Research and development expens 25 General and administrative expen: 26 Interest expense 27 Tax rate 28 Utilities expense 10,000.00 35% 45,000.00 29 Beginning balance of retained eari 237,800.00 30 31 32 33 Sheet1 Ready P Type here to search 15 2 & 61 08. 6 3
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