Submitted by: Submitted by bridgi
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Pages: 6
Category: Business and Industry
Date Submitted: 06/27/2011 01:54 PM
Medieval Adventures CompanyIncome StatementFor the Month Ended January 31 , 2010 |
Sales Revenue: $55, 000Less: Cost Of Goods Sold Beginning Finished Goods $35,000 Cost Of Goods Manufactured $52,500 Cost of Goods Available for Sale $87,500 Less: Ending Inventory ($52,500) Cost Of Goods Sold $35,000 Gross Profit $20,000Less: Operating Expense $10,000Operating Income $10,000 |
Medieval Adventures CompanyBalance SheetAs of January 31 , 2010 |
Assets | Equities |
Cash $111,250Accounts Receivable $96,250Inventory $52,500Total Assets $260,000 | Common Stock $250,000Retained Earnings $10,000Total Equities $260,000 |
Medieval Adventures CompanyStatement of Cash FlowsFor the Period Ended January 31 , 2010 |
Operating Activities |
Operating Income $10,000Increase In...