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Pengantar akuntansi 1

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Pengantar akuntansi 1

  1. 1. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006Fees earned $7,500Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450Net income $3,050 C1 - 1
  2. 2. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006Fees earned $7,500Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450Net income $3,050 C1 - 2
  3. 3. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006Fees earned $7,500Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450Net income $3,050 C1 - 3
  4. 4. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006Fees earned $7,500Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450Net income $3,050 C1 - 4
  5. 5. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006Chris Clark, capital, November 1, 2006 $ 0Investment on November 1, 2006 $15,000Net income for November 3,050 $18,050Less withdrawals 2,000Increase in owner’s equity 16,050Chris Clark, capital, November 30, 2006 $16,050 C1 - 5
  6. 6. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006Chris Clark, capital, November 1, 2006 $ 0Investment on November 1, 2006 $15,000Net income for November 3,050 $18,050Less withdrawals 2,000Increase in owner’s equity 16,050Chris Clark, capital, November 30, 2006 $16,050 C1 - 6
  7. 7. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006Chris Clark, capital, November 1, 2006 $ 0Investment on November 1, 2006 $15,000Net income for November 3,050 $18,050Less withdrawals 2,000Increase in owner’s equity 16,050Chris Clark, capital, November 30, 2006 $16,050 C1 - 7
  8. 8. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006Chris Clark, capital, November 1, 2006 $ 0Investment on November 1, 2006 $15,000Net income for November 3,050 $18,050Less withdrawals 2,000Increase in owner’s equity 16,050Chris Clark, capital, November 30, 2006 $16,050 C1 - 8
  9. 9. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006Chris Clark, capital, November 1, 2006 $ 0Investment on November 1, 2006 $15,000Net income for November 3,050 $18,050Less withdrawals 2,000Increase in owner’s equity 16,050Chris Clark, capital, November 30, 2006 $16,050 C1 - 9
  10. 10. Financial Statements NetSolutions Balance Sheet November 30, 2006 AssetsCash $5,900Supplies 550Land 10,000 Total assets $16,450 LiabilitiesAccounts payable $ 400 Owner’s EquityChris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 10
  11. 11. Financial Statements NetSolutions Balance Sheet November 30, 2006 AssetsCash $5,900Supplies 550Land 10,000 Total assets $16,450 LiabilitiesAccounts payable $ 400 Owner’s EquityChris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 11
  12. 12. Financial Statements NetSolutions Balance Sheet November 30, 2006 AssetsCash $5,900Supplies 550Land 10,000 Total assets $16,450 LiabilitiesAccounts payable $ 400 Owner’s EquityChris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 12
  13. 13. Financial Statements NetSolutions Balance Sheet November 30, 2006 AssetsCash $5,900Supplies 550Land 10,000 Total assets $16,450 LiabilitiesAccounts payable $ 400 Owner’s EquityChris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 13
  14. 14. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900Cash flows from investing activities: Cash payments for acquisition of land (10,000 )Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 14
  15. 15. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900Cash flows from investing activities: Cash payments for acquisition of land (10,000 )Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 15
  16. 16. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900Cash flows from investing activities: Cash payments for acquisition of land (10,000 )Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 16
  17. 17. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900Cash flows from investing activities: Cash payments for acquisition of land (10,000 )Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 17

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