FPT

BUSINESS ADMINISTRATION DE

PRINCIPLES OF ACCOUNTING (ACC101) - INDIVIDUAL ASSIGNM

Issue date: 09/1/2023

Due date: 1st submission on 01/02/2022 (sheet 1 and 2) and the last submission on 10/03/2023 (LMS).
Name: Ho Hoang Giang Tho
Class: BA1707
COMPANY'S OWNER: Thoww
Type of business: salon
(You will determine the nature/industry of your business, for example: Merchandising business (sell decorations,
…), Service business (house cleaning, hairdressing, entertainment,…).
Your first investment on capital at 01/3/2023 is: $100,000 (included by $60,000 cash and by land valued $40,0
Period: From 01/3/2023 to 31/3/2023 (one month)
Following the on-going activites, your company has at least 50-60 transactions for a month, including:
1. Purchasing supplies : By cash and by credit.
2. Purchasing inventories: By cash and by credit.
3. Purchasing service (ex: Repair, insurance, advertising, …): By cash and by credit.
4. Transactions of revenues : (ex: Consulting, rental, service, selling merchandises …): By cash and by receivable
5. Acquisition of non current-assets and depreciation.
6. Withdrawal capital
7. Payment of salary, bank loan or suppliers.
Your duties:
1. Analyse and summary transactions by using the accounting equation (sheet 1).
2. Record transactions in worksheet (sheet 2).
3. Post both a debit and credit to two or more general ledger accounts. You must be in balance at all times; i.e. the
debit entries should equal the sum of your credit entries (sheet 3; 3.1 and 3.2).
4. Preparing Income Statement (sheet 4).
5. Preparing Owner's Equity Statement (sheet 5).
6. Preparing Balance Sheet (sheet 6).
7. Finishing with Cash Flow Statement (sheet 7).
Information on submission:
Language: Academic English.
If any students do not hand in the 1st submission on due date above, they will get zero mark with their Indi. Assig
Each day late submission will lead to one grade deduction in the assignment result. The report will get zero (0) if y
than two days.
Submission: 01 excel file and 01 word file (presented with your business plan and activities) of the assignment on
Plagiarism is not allowable.
GENERAL COMPANY INFORMATION

NAME:
TYPES OF COMPANY:
MAIN BUSINESS ACTIVITIES:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1 Accounting method (perpetual or periodic)
2 Inventories method
3 Doubtful debts
4 Tangible/Intangible fixed assets about depreciation method
 Title
Cash
Accounts Receivable
Inventory
Equipment and Facility Expense
Accumulated Depreciation
Accounts Payable
Capital Account
Office Supplies Expense
Depreciation Expense
Tax Expense
Sales Revenue
………….
 Description
Account for the cash on hand at the bank
Account for all money owed by customers
Account for all products the business plans to sell to customers
Account for the acquisition of physical storage facilities, equipments for warehouse or production
Account for all depreciation entries associated with the warehouse facility
Account for amounts the company must pay within the current year
Account for the investments and withdrawals of money by the business owner
Account for office supplies and furnitures that are consumed
Account for the costs of the warehouse facility that is expensed
Account for state and federal taxes that must be paid on taxable income
Account for all sales revenues from customers
………………
 [Company Name]

Month Date
1 3 1
2 3 2
3 3 2
4 3 3
5 3 4
6 3 5
7 3 6
8 3 6
9 3 7
10 3 8
11 3 10
12 3 11
13 3 11
14 3 12
15 3 12
16 3 13
17 3 13
18 3 14
19 3 15
20 3 15
21 3 16
22 3 17
23 3 17
24 3 18
25 3 18
26 3 19
27 3 20
28 3 20
29 3 21
30 3 21
31 3 21
32 3 22
33 3 22
34 3 23
35 3 23
36 3 24
37 3 24
38 3 24
39 3 25
40 3 25
41 3 26
42 3 26
43 3 27
44 3 27
45 3 27
46 3 28
47 3 28
48 3 29
49 3 29
50 3 30
51 3 30
52 5 30
Transaction description
Period: From 01/3/2023 to 31/3/2023 (one month)
Short transaction description
Invested 100000 dollars for beauty services (including 60000 cash and 40000 land valued)
Purchased office supplies on account, $5000
Purchased $15,000 worth of beauty care equipment with a credit card
Bought $1000 cash to decorate the room
Completed work for a client on credit, $1100.
Paid $2000 for construction money
Paid $45000 salaries for employees by credit
Paid $1600 for electricity used for the month
Paid $500 for billboard
Bought 2 vacuum cleaners for $6000 on credit
Paid cash for the office supplies purchased in (2)
Received $6000 cash for the work described in (10)
Paid $1500 cash for an insurance premium covering the next 12 months.
Received $1,000 from a client for accounting services to be performed in April
Paid 1 curling iron for $600 cash
Paid $200 shipping costs for inventory purchased
Sold 100 masks to wholesale customers and received $3000 cash
Bought extra $500 worth of nail equipment with cash
Completed a hairdressing task for a client and collect $1,000 cash
Completed work for Meme on credit $1,700
Withdrew $650 cash from the practice to pay personal expenses
Received $2,000 from a client for a beauty service to be done next month.
Completed hairdo for customer A on credit, $100
Completed massage for customer B, $230 cash
Sold 10 bottles of nail polish received $2000 cash
Sold 5 nail polishers to customer D to receive $2000 cash
Sold 2 lotions for customers to receive $500 cash
Completed a facial treatment for a customer and received $700 cash
Sold to customer E, 1 hair dryer, 1 curling iron, 50 skin care masks for the amount of $1600 on credit. Deadline is
Sold 12 body scrubs and received $300 cash
Paid $3000 cash salary to 3 hairdressers
Purchased office supplies on account, $300
Received $1,000 from a client for skin care services to be performed in April
Sold 2 sets of skin care products and received $500 cash
Complete a customer's machine repair task and collected $1,000 cash.
Sold Ms. Nga 10 bottles of hair care for $10, total value is $100, on credit, deadline is March 30
Purchased 200 Specialized shampoo for $18 1 bottle total $3600 at B company, on credit, FOB delivery point, de
Bought 10 sets of essential oils, price 65/set, total $650, on credit
Sold 5 machines for $20 with a total value of $100 , on creditd , from Mr. Join
Received $500 from deposit.
Purchase 20 suits, $200/set, pay in cash
Sold 25 Housing (barn) for $30, total value $750 to Ms. Minn, according to credit. Deadline is March 28
Paid cash for for trading March 24
Bought 10 dedicated tubs at original $50/piece. Total value of $500 at company, in the form of credit. FOB shipp
Sold 50 tools for $30 to H company, a total price of $1500, on credit.
Received $750 from Mrs. Minn (42)
Withdraw $1,500 to pay for personal use
Paid Ms. Chi $3,500 cash in partial settlement of the amount owed.
Received $1600 from customer E for March 21 trade (29)
Received 100 dollars from Ms. Nga(36)
Insurance expires at the rate of $100 per month
A physical count reveals $300 of supplies on hand.
of $1600 on credit. Deadline is March 30

e is March 30
credit, FOB delivery point, deadline is 2/10, n/30
Deadline is March 28

n the form of credit. FOB shipping point, deadline is 3/10, n/30.

 [Company Name]

ASSETS

date Cash A/R Prepaid acc. Supplies Land

1 1.Mar $ 60,000 $ 40,000

2 2.Mar $ 5,000
3 2.Mar
4 3 $ (1,000) $ 1,000
5 4 $ 1,100
6 5 $ (2,000)
7 6
8 6 $ (1,600)
9 7 $ (500)
10 8
11 10 $ (5,000)
12 11 $ (6,000)
13 11 $ (1,500)
14 12 $ 1,000
15 12 $ (600)
16 13 $ (200)
17 13 $ 3,000
18 14 $ (500)
19 15 $ 1,000
20 15 $ 1,700
21 16 $ (650)
22 17 $ 2,000
23 17 $ 100
24 18 $ 230
25 18 $ 2,000
26 19 $ 2,000
27 20 $ 500
28 20 $ 700
29 21 $ 1,600
30 21 $ 300
31 21 $ (3,000)
32 22 $ 300
33 22 $ 1,000
34 23 $ 500
35 23 $ 1,000
36 24 $ 100
37 24
38 24 $ 650
39 25 $ 100
40 25 $ 500
41 26 $ (200) $ 200
42 26 $ 750
43 27 $ 650 $ (650)
44 27 $ 500
45 27 $ 1,500
46 28 $ 750 $ (750)
47 28 $ (1,500)
48 29 $ 3,500
49 29 $ 1,600 $ (1,600)
50 30 $ 100 $ (100)
51 30 $ (100)
52 30 $ (300)
Total $ 58,080 $ 5,000 $ (100) $ 6,200 $ 40,000
 Module 1: ACCOUNTING EQUATION
Period: From 01/3/2023 to 31/3/2023 (one month)
SETS LIABILITIES
Unearned
Equipment Acc. Depr. M.I Insurance A/P
revenue

$ 5,000
$ 15,000 $ 15,000

$ 45,000

$ 6,000 $ 6,000
$ (5,000)
$ (6,000)
$ 1,500
$ 1,000
$ 600

$ 500

$ 2,000

$ 300
$ 1,000

$ 3,600 $ 3,600
$ 22,100 $ - $ 3,600 $ 1,500 $ 63,900 $ 4,000
$ 136,380 $136,380
ILITIES OWNER'S EQUITY

Bank loan Capital Account Revenues - Expenses - Withdrawals

$ 100,000 $0
$0
$0
$0
$ 1,100 $0
$ (2,000) $0
$ (45,000) $0
$ (1,600) $0
$ (500) $0
$0
$0
$0
$0
$0
$0
$ (200) $0
$ 3,000 $0
$0
$ 1,000 $0
$ 1,700 $0
$ (650) $0
$0
$ 100 $0
$ 230 $0
$ 2,000 $0
$ 2,000 $0
$ 500 $0
$ 700 $0
$ 1,600 $0
$ 300 $0
$ (3,000) $0
$0
$0
$ 500 $0
$ 1,000 $0
$ 100 $0
$0
$ 650 $0
$ 100 $0
 $ 500 $0
$0
$ 750 $0
$0
$ 500 $0
$ 1,500 $0
$0
$ (1,500) $0
$ 3,500 $0
$0
$0
$ (100)
$ (300)
$ - $ 100,000 $ 23,330 $ (52,700) $ (2,150)
[Company Name] Module 2: WORKSHEET (General journal)
Period: From 01/3/2023 to 31/3/2023 (one month)
Entry Date Account Title
Entry 1 - Invested 100000 dollars for beauty services (including 60000 cash and 40000 land valued)
1. Mar Cash
Land
Capital

Entry 2 - Purchased office supplies on account, $5000

2 2. Mar Supplies
A/P

Entry3 - Purchased $15,000 worth of beauty care equipment with a credit card
2.Mar Equipment
A/P

Entry 4 Bought $1000 cash to decorate the room

3.Mar Supplies
Cash

Entry 5 Completed work for a client on credit, $1100.

4. Mar A/R
Revenue

Entry 6 Paid $2000 for construction money

5.Mar Expense
Cash

Entry 7 Paid $45000 salaries for employees by credit

6 .Mar Expense
A/P

Entry 8 Paid $1600 for electricity used for the month

6. Mar Expense
Cash

Entry 9 Paid $500 for billboard

7. Mar Expense
Cash

Entry 10 Bought 2 vacuum cleaners for $6000 on credit

8.Mar Equipment
A/P
Entry 11 Paid cash for the office supplies purchased in (2)
10. Mar A/P
Cash

Entry 12 Received $6000 cash for the work described in (10)

11. Mar A/P
Cash

Entry 13 Paid $1500 cash for an insurance premium covering the next 12 months.
11.Mar Insurance
Cash

Entry 14 Received $1,000 from a client for accounting services to be performed in April
12.Mar Cash
Unearned Revenue

Entry 15 Paid 1 curling iron for $600 cash

12.Mar Equipment
Cash

Entry 16 Paid $200 shipping costs for inventory purchased

13.Mar Expense
Cash

Entry 17 Sold 100 masks to wholesale customers and received $3000 cash
13. Mar Cash
Revenue

Entry 18 Bought extra $500 worth of nail equipment with cash

14.Mar Equipment
Cash

Entry 19 Completed a hairdressing task for a client and collect $1,000 cash
15.Mar Cash
Revenue

Entry 20 Completed work for Meme on credit $1,700

15.Mar A/R
Revenue

Entry 21 Withdrew $650 cash from the practice to pay personal expenses
16.Mar Withdraw
Cash
Entry 22 Received $2,000 from a client for a beauty service to be done next month.
17.Mar Cash
Unearned Revenue

Entry 23 Completed hairdo for customer A on credit, $100

17.Mar A/R
Revenue

Entry 24 Completed massage for customer B, $230 cash

18. Mar Cash
Revenue

Entry 25 Sold 10 bottles of nail polish received $2000 cash

18.Mar Cash
Revenue

Entry 26 Sold 5 nail polishers to customer D to receive $2000 cash

19.Mar Cash
Revenue

Entry 27 Sold 2 lotions for customers to receive $500 cash

20.Mar Cash
Revenue

Entry 28 Completed a facial treatment for a customer and received $700 cash
20.Mar Cash
Revenue

Entry 29 Sold to customer E, 1 hair dryer, 1 curling iron, 50 skin care masks for the amount of $1600 on credit. D
21.Mar A/R
Revenue

Entry 30 Sold 12 body scrubs and received $300 cash

21.Mar Cash
Revenue

Entri 31 Paid $3000 cash salary to 3 hairdressers

21.Mar Expense
Cash

Entry 32 Purchased office supplies on account, $300

22.Mar Supplies
A/P
Entry 33 Received $1,000 from a client for skin care services to be performed in April
22.Mar Cash
Unearned Revenue

Entry 34 Sold 2 sets of skin care products and received $500 cash
23.Mar Cash
Revenue

Entry 35 Complete a customer's machine repair task and collected $1,000 cash.
23. Mar Cash
Revenue

Entry 36 Sold Ms. Nga 10 bottles of hair care for $10, total value is $100, on credit, deadline is March 30
24.Mar A/R
Revenue

Entry 37 Purchased 200 Specialized shampoo for $18 1 bottle total $3600 at B company, on credit, FOB delivery
24.Mar M.I
A/P

Entry 38 Bought 10 sets of essential oils, price 65/set, total $650, on credit
24.Mar A/R
Revenue

Entry 39 Sold 5 machines (barn)for $20 with a total value of $100 , on creditd , from Mr. Join
25. Mar A/R
Revenue

Entry 40 Received $500 from deposit.

25. Mar Cash
Revenue

Entry 41 Purchase 20 suits, $200/set, pay in cash

26.Mar Supplies
Cash

Entry 42 Sold 25 Housing (barn) for $30, total value $750 to Ms. Minn, according to credit. Deadline is March 28
26.Mar A/R
Revenue

Entry 43 Paid cash for for trading March 24

27.Mar Cash
A/R
Entry 44 Bought 10 dedicated tubs at original $50/piece. Total value of $500 at company, in the form of credit. F
27.Mar A/R
Revenue

Entry 45 Sold 50 tools for $30 to H company, a total price of $1500, on credit.
27.Mar A/R
Revenue

Entry 46 Received $750 from Mrs. Minn (42)

28.Mar Cash
A/R

Entry 47 Withdraw $1,500 to pay for personal use

28. Mar Withdraw
Cash

Entry 48 Paid Ms. Chi $3,500 cash in partial settlement of the amount owed.
29..Mar Cash
Revenue

Entry 49 Received $1600 from customer E for March 21 trade (29)

29.Mar Cash
A/R

Entry 50 Received 100 dollars from Ms. Nga(36)

30.Mar Cash
A/R
Entry 51 Insurance expires at the rate of $100 per month
30. Mar Expense
Prepaid Insurance
Entry 52 A physical count reveals $300 of supplies on hand.
30. mar Expense
Supplies
neral journal)

Debit Credit
0 land valued)
$ 60,000
$ 40,000
$ 100,000

$ 5,000
$ 5,000

$ 15,000
$ 15,000

$ 1,000
$ 1,000

$ 1,100
$ 1,100

$ 2,000
$ 2,000

$ 45,000
$ 45,000

$ 1,600
$ 1,600

$ 500
$ 500

$ 6,000
$ 6,000
$ 5,000
$ 5,000

$ 6,000
$ 6,000

$ 1,500
$ 1,500

$ 1,000
$ 1,000

$ 600
$ 600

$ 200
$ 200

$ 3,000
$ 3,000

$ 500
$ 500

$ 1,000
$ 1,000

$ 1,700
$ 1,700

$ 650
$ 650
 $ 2,000
$ 2,000

$ 100
$ 100

$ 230
$ 230

$ 2,000
$ 2,000

$ 2,000
$ 2,000

$ 500
$ 500

$ 700
$ 700

mount of $1600 on credit. Deadline is March 30

$ 1,600
$ 1,600

$ 300
$ 300

$ 3,000
$ 3,000

$ 300
$ 300
 $ 1,000
$ 1,000

$ 500
$ 500

$ 1,000
$ 1,000

deadline is March 30
$ 100
$ 100

any, on credit, FOB delivery point, deadline is 2/10, n/30

$ 3,600
$ 3,600

$ 650
$ 650

$ 100
$ 100

$ 500
$ 500

$ 200
$ 200

credit. Deadline is March 28

$ 750
$ 750

$ 650
$ 650
pany, in the form of credit. FOB shipping point, deadline is 3/10, n/30.
$ 500
$ 500

$ 1,500
$ 1,500

$ 750
$ 750

$ 1,500
$ 1,500

$ 3,500
$ 3,500

$ 1,600
$ 1,600

$ 100
$ 100

$ 100
$ 100

$ 300
$ 300
Total $ 229,980 $ 229,980
[Company Name] Module 3: GENERAL LEDGER
Period: From 01/3/2023 to 31/3/2023 (one month)

Cash
Opening Balance $0
(1) $60,000 $1,000
(14) $1,000 $2,000
(17) $3,000
(19) $1,000 $1,600
(22) $2,000 $500
(24) $230 $5,000
(25) $2,000 $6,000
(26) $2,000 $1,500
(27) $500 $600
(28) $700 $200
(30) $300 $500
(33) $1,000 $650
(34) $500 $3,000
(35) $1,000 $200
(40) $500 $1,500
(43) $650
(46) $750
(48) $3,500
(49) $1,600
(50) $100
Closing Balance Total $82,330 $24,250

$58,080

Supplies

Opening Balance $0
(2) $5,000 $300
(4) $1,000
(32) $300
(41) $200
 Total $6,500 $300

Closing Balance $6,200

Equipment

Opening Balance $0
(3) $15,000
(10) $6,000
(15) $600
(18) $500

Total $22,100

Closing Balance $22,100

Prepaid Insurrance

Opening Balance $0
(13) $1,500 $100

Total $1,500

Closing Balance $1,500

Unearned revenue

Opening Balance $0
$1,000
$2,000
$1,000
 Total $4,000

Closing Balance $4,000

Expense

Opening Balance $0
(6) $2,000
(7) $45,000
(8) $1,600
(9) $500
(16) $200
(31) $3,000
(51) $100
(52) $300

Total $52,700

Closing Balance $52,700

Withdraw

Opening Balance $0
(21) $650
(47) $1,500

Total $2,150

Closing Balance $2,150

EDGER
23 (one month)

Capital Account - ABC

Opening Balance $0
(4) $100,000
(6)
Total $0 $100,000
(8)
(9) Closing Balance $100,000
(11)
(12)
(13)
(15)
(16) Account Receivable
(18)
(21) Opening Balance $0
(31) (5) $1,100 $650 (43)
(41) (20) $1,700 $750 (46)
(47) (23) $100 $1,600 (49)
(29) $1,600 $100 (50)
(36) $100
(38) $650
(39) $100
(42) $750
(44) $500
(45) $1,500
Closing Balance Total $8,100 $3,100

$5,000

Land

Opening Balance $0
(1) $40,000
 Total $40,000

Closing Balance $40,000

M.I

Opening Balance $0
(37) $3,600

Total $3,600

Closing Balance $3,600

id Insurrance

(51) A/P

Opening Balance $0
(11) $5,000 $5,000 (2)
(12) $6,000 $45,000 (7)
$15,000 (3)
$6,000 (10)
$300 (32)
$3,600 (37)
Total $11,000 $74,900
Closing Balance
$63,900
(14)
(22)
(33)

Revenue
Opening Balance $0
$1,100 (5)
$3,000 (17)
$1,000 (19)
$1,700 (20)
$100 (23)
$230 (24)
$2,000 (25)
$2,000 (26)
$500 (27)
$700 (28)
$1,600 (29)
$300 (30)
$500 (34)
$1,000 (35)
$100 (36)
$650 (38)
$100 (39)
$500 (40)
$750 (42)
$500 (44)
$1,500 (45)
$3,500 (48)

Total $23,330

Closing Balance $23,330

[Company Name] Module 3: GENERAL LEDGER
Period: From 01/3/2023 to 31/3/2023 (one month)

Unadjusted
Adjustments
Account title Trial Balance
Dr Cr Dr Cr
. Cash $ 58,080
. Account receivable $ 5,000
. Land $ 40,000
Supplies $ 6,500 $ 300
Equipment $ 22,100
Prepaid Insurance $ 1,500 $ 100
Accounts Payable $ 63,900
Unearned Service Revenue $ 4,000
MI $ 3,600
Withdraw $ 2,150
Capital $ 100,000
Service Revenue $ 23,330
Insurance Expense $ 100
Salaries Expense $ 48,000
Supplies Expense $ 300
Building Expense $ 2,500
Electricity Expense $ 1,600
Shipping Expense $ 200

$ 191,230 $ 191,230 $ 400 $ 400

L LEDGER
/3/2023 (one month)

Adjusted
Trial Balance
Dr Cr
$ 58,080
$ 5,000
$ 40,000
$ 6,200
$ 22,100
$ 1,400
$ 63,900
$ 4,000
$ 3,600
$ 2,150
$ 100,000
$ 23,330
$ 100
$ 48,000
$ 300
$ 2,500
$ 1,600
$ 200

$ 191,230 $ 191,230
[Company Name] Module 3: GENERAL LEDGER
Period: From 01/3/2023 to 31/3/2023 (one month)

Date CLOSING ENTRIES Debit Credit

31/2/2023 Revenue 23,330
Income Summary 23,330
31/3/2023 Income Summary 52,700
Insurance Expense $ 100
Salaries Expense $ 48,000
Supplies Expense $ 300
Building Expense $ 2,500
Electricity Expense $ 1,600
Shipping Expense $ 200
31/3/2023 Retained earning 29,370
Income Summary $ 29,370
31/3/2023 Thoww, Capital 2,150
Withdrwals $ 2,150
[Company Name] Module 4: INCOME STATEMENT
Period: From 01/3/2023 to 31/3/2023 (one month)

Revenues
4/3/2023 Sevice Revenue
13/3/2023 Sevice Revenue
15/3/2023 Sevice Revenue
15/3/2023 Sevice Revenue
17/3/2023 Sevice Revenue
18/3/2023 Sevice Revenue
18/3/2023 Sevice Revenue
19/3/2023 Sevice Revenue
20/3/2023 Sevice Revenue
20/3/2023 Sevice Revenue
21/3/2023 Sevice Revenue
21/3/2023 Sevice Revenue
23/3/2023 Sevice Revenue
23/3/2023 Sevice Revenue
24/3/2023 Sevice Revenue
24/3/2023 Sevice Revenue
25/3/2023 Sevice Revenue
25/3/2023 Sevice Revenue
26/3/2023 Sevice Revenue
27/3/2023 Sevice Revenue
27/3/2023 Sevice Revenue
29/3.2023 Sevice Revenue
Total Revenues

Expenses
6/3/2023 Electricity Expense
6-Mar Salaries Expense
21-Mar Salaries Expense
30/3/2023 Supplies Expense
5/3/2023 Building Expense
7/3/2023 Building Expense
30/3/2023 Insurance Expense
13/3/2023 Shipping Expense
Total Expenses

Net Income/Loss
$ 1,100
$ 3,000
$ 1,000
$ 1,700
$ 100
$ 230
$ 2,000
$ 2,000
$ 500
$ 700
$ 1,600
$ 300
$ 500
$ 1,000
$ 100
$ 650
$ 100
$ 500
$ 750
$ 500
$ 1,500
$ 3,500
$ 23,330

$ 1,600
$ 45,000
$ 3,000
$ 300
$ 2,000
$ 500
$ 100
$ 200
$ 52,700

$ (29,370.00)
[Company Name] Module 5: OWNER'S EQUITY
Period: From 01/3/2023 to 31/3/2023 (one month)

ABC, Capital 01/3/2023

Investment by owner $100,000

Add: Net income/loss $29,370

Total $70,630

Less: Withdrawal by owner $2,150

ABC, Capital 31/3/2023 $68,480

[Company Name]

Assets
Current Assets

Total current assets

Fixed (Long-Term) Assets

Total fixed assets

Other Assets

Total Other Assets

Total Assets

Liabilities and Owner's Equity

Current Liabilities

Total current liabilities

Long-Term Liabilities

Total long-term liabilities

Owner's Equity

Total owner's equity

Total Liabilities and Owner's Equity
Module 6: BALANCE SHEET
Period: From 01/3/2023 to 31/3/2023 (one month)

Cash $58,080
Accounts receivable $5,000
Prepaid expenses $1,400
…………….
Total current assets $64,480

Land $40,000
Equipment $22,100
Supplies $6,200
MI $3,600
Total fixed assets $71,900

Total Other Assets $0

$136,380

Accounts payable $63,900

Unearned revenue $4,000
…………….
Total current liabilities $67,900

Long-term debt
Deferred income tax
Other
Total long-term liabilities $0

Owner's investment $100,000

Retained earnings -$29,370
Withdraw -$2,150
…………….
Total owner's equity $68,480
$136,380
{42}
[Company Name] Module 7: CASH FLOW S
Period: From 01/3/2023 to 31/3/2023
Cash in beginning of month:
Operations
Cash receipts from
Sales $18,330
Other Operations
Cash paid for
Inventory purchases
Prepaid Insurance $1,400
Salary expenses $48,000
Service expenses
Supplies $6,200
Shipping Expense $200
Advertising Expense
Withdraw $2,150
Net Cash Flow from Operations $76,280

Investing Activities
Cash receipts from
Sale of property and equipment
Collection of principal on loans
Sale of investment securities
Cash paid for
Purchase of property and equipment $22,100
Making loans to other entities
Purchase of investment securities
Net Cash Flow from Investing Activities $22,100

Financing Activities
Cash receipts from
Issuance of stock $0
Borrowing $0
Cash paid for $0
Repurchase of stock (treasury stock) $0
Repayment of loans $0
Dividends $0
Net Cash Flow from Financing Activities $0

Net Increase in Cash $0

Net Cash Balance $54,180

7: CASH FLOW STATEMENT
m 01/3/2023 to 31/3/2023 (one month)