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Revenue From Products 522,000.00 Total Production Cost Annual Cost (Not Related To Production Volume)
Revenue From Products 522,000.00 Total Production Cost Annual Cost (Not Related To Production Volume)
Grennell Farm
Income Statement (2005)
Sales Method
Revenue
522,000.00
522,000.00
Grennell Farm
Income Statement (2005)
Sales Method
Collection Method
Production Method
Expense
Revenue
Expense
Revenue
Expense
462,400.00
614,100.00
92,340.00
82,080.00
107,730.00
183,000.00
###
183,000.00
246,660.00
197,320.00
323,370.00
522,000.00 462,400.00 462,400.00 614,100.00 614,100.00
Particulars
Checking A/C Balance
Money Market A/C Balance
Land
Building and Machinery
A/C Receivable
Inventory (for unsold goods)
Grennell Farm
Balance Sheet (2005)
Sales Method
Asset
Liabilities
7,700.00
23,200.00
375,000.00
112,500.00
59,600.00
15,390.00
Current Liabilities
Common Stock
Additional Paid-in Capital
Retained Earning
Total
Net Profit
Retained Earning of current year
Drawing of current year
593,390.00
33,000.00
7,500.00
450,000.00
102,890.00
593,390.00
246,660.00
102,890.00
143,770.00
Farm
et (2005)
Collection Method
Asset
Liabilities
7,700.00
23,200.00
375,000.00
112,500.00
25,650.00
544,050.00
Production Method
Asset
Liabilities
###
###
###
###
151,700.00
###
###
###
53,550.00
544,050.00
197,320.00
53,550.00
143,770.00
670,100.00
33,000.00
7,500.00
450,000.00
179,600.00
670,100.00
323,370.00
179,600.00
143,770.00