Actg 1P11 Assignment 1

Transaction for Satines secure armed swear out during April 2011 As hatfuls=Liabilities+proprietors Equity a.+6,500 specie+6,500 capital b.+4,000 cash+4,000 service revenue c.(1,500)cash(1,500)salary expense d.+1,600 cash+1,600 notes chip inable e.

(2,500) cash(2,500)dividends Satines stitching service Income statement For the month ended April 31, 2011 Revenue$4,000 set down Salary expense1,500 pelf income2,500 Satines sewing service command of carry earning For the month ended April 30, 2011 Beginning retained earning 0 net income for the month 2,500 Dividends (2,500 ) Ending retained earning 0 Satines sewing service symmetricalness sheet For the month ended April 30, 2011 AssetsLiabilities and Owners equity property$8,100Notes payable$1,600 Capital 6,500 total assets$8,100 match liabilities and owners equity$8,100 Satines sewing service capital meld statement For the month ended April 30, 2011 currency from operating activities money from customers44,000 bullion paid for hiring stuff (1,500) 2,500 funds from investing activities0 Cash from financing activities Cash from owners contribution Cash issue from loan Dividends paid6,500 1,600 (2,500) 5,600 croupe increase in cash8,100 a. hail assets= 6,500+4,000-1,500+1,600-2,500=8100$ b. The cash flow statement for the service in shown above. c. Net income= revenue-expense= 4,000- 1,500= 2,500 d. 1) Satine himself, because he is the owner. He needs to know whats destruction on for hi s business, to make decisions, bilk dividen! ds and pay tax, 2) Nadine, as Satines stuff, she will be interested in if her boss could spend a penny way her salary and how much money she deserved. 3) Bank, to know if Satine can pay bank loan. 4) Financial institution, to decide whether invest this sewing service based on those information. 5) Tax Bureau, because of tax.If you want to get a full essay, order it on our website: BestEssayCheap.com

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