ANTIOCH COMPANY | ||||||||||||||||||||||
Financial Statements Model | ||||||||||||||||||||||
Event No. | Assets | = | Stockholders’ Equity | Income Statement | Statement of Cash Flow | |||||||||||||||||
Cash | + | Raw Materials | + | Work in Process Inventory | + | Finished Goods | + | Office Furniture | + | Manufacturing Equipment | = | Common Stock | + | Retained Earnings | Revenue | – | Expense | = | Net Income | |||
665,000 | + | 70,000 | + | 27,000 | + | 58,000 | + | + | = | 588,000 | + | 232,000 | – | = | ||||||||
1 | -28000 | + | + | + | + | + | = | + | -28000 | – | 28000 | = | -28000 | -28000 | OA | |||||||
2 | -55000 | + | 55000 | + | + | + | + | = | + | – | = | -55000 | OA | |||||||||
3 | + | -84000 | + | 84000 | + | + | + | = | + | – | = | NA | ||||||||||
4 | -77000 | + | + | + | + | + | = | + | -77000 | – | 77000 | = | -77000 | -77000 | OA | |||||||
5 | -98000 | + | + | 98000 | + | + | + | = | + | – | = | -98000 | OA | |||||||||
6 | -137000 | + | + | + | + | 137000 | + | = | + | – | = | -137000 | IA | |||||||||
7 | + | + | + | + | -20000 | + | = | + | -20000 | – | 20000 | = | -20000 | NA | ||||||||
8 | -138000 | + | + | + | + | + | 138000 | = | + | – | = | -138000 | IA | |||||||||
9 | + | + | 14000 | + | + | + | -14000 | = | + | – | = | NA | ||||||||||
10 | -47000 | + | + | 47000 | + | + | + | = | + | – | = | -47000 | OA | |||||||||
11 | -79000 | + | + | + | + | + | = | + | -79000 | – | 79000 | = | -79000 | -79000 | OA | |||||||
12 | + | + | -258000 | + | 258000 | + | + | = | + | – | = | NA | ||||||||||
13 | 425000 | + | + | + | + | + | = | + | 425000 | 425000 | – | = | 425000 | 425000 | OA | |||||||
14 | + | + | + | -174300 | + | + | = | + | -174300 | – | 174300 | = | -174300 | NA | ||||||||
Total | 431,000 | + | 41,000 | + | 12,000 | + | 141,700 | + | 117,000 | + | 124,000 | = | 588,000 | + | 278,700 | 425,000 | – | 378,300 | = | 46,700 | -234,000 | NC |
Saved Help Antioch Company makes eBook readers. The company had the following amounts at the beginning...
Saved Help Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $665.000; Raw Materials Inventory, $70,000; Work in Process Inventory, $27000; Finished Goods Inventory, $58,000 Common Stock, $588,000; and Retained Earnings, $232,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $28,000 of research and development costs 2. Paid $55,000 for raw materials that will be used...
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $673,000; Raw Materials Inventory, $65,000; Work in Process Inventory, $30,000; Finished Goods Inventory, $61,000; Common Stock, $595,000; and Retained Earnings, $234,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $25,000 of research and development costs. 2. Paid $47,000 for raw materials that will be used to make...
Antioch company makes
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $674,000; Raw Mat Common Stock, $595,000; and Retained Earnings, $231,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions erials Inventory. $67,000; Work in Process Inventory, $23,000; Finished Goods inventory, $62,000; 1. Paid $25,000 of research and development costs. 2. Paid $58,000 for raw materials that will...
Antioch Company makes eBook readers. The company had the
following amounts at the beginning of 2018: Cash, $672,000; Raw
Materials Inventory, $68,000; Work in Process Inventory, $34,000;
Finished Goods Inventory, $55,000; Common Stock, $589,000; and
Retained Earnings, $240,000. Antioch experienced the following
accounting events during 2018. Other than the adjusting entries for
depreciation, assume that all transactions are cash
transactions.
Paid $24,000 of research and development costs.
Paid $61,000 for raw materials that will be used to make eBook
readers....
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $668,000; Raw Materials Inventory, $55,000; Work in Process Inventory, $19,000; Finished Goods Inventory, $57,000; Common Stock, $603,000; and Retained Earnings, $196,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. Paid $25,000 of research and development costs. Paid $63,000 for raw materials that will be used to make eBook readers....
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $672,000; Raw Materials Inventory, $68,000; Work in Process Inventory, $31,000; Finished Goods Inventory, $62,000; Common Stock, $600,000; and Retained Earnings, $233,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. Paid $27,000 of research and development costs. Paid $57,000 for raw materials that will be used to make eBook readers....
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $673,000; Raw Materials Inventory, $65,000; Work in Process Inventory, $30,000; Finished Goods Inventory, $61,000; Common Stock, $595,000; and Retained Earnings, $234,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $25,000 of research and development costs. 2. Paid $47,000 for raw materials that will be used to make...
Antioch Company makes eBook readers. The company had the
following amounts at the beginning of 2018: Cash, $670,000; Raw
Materials Inventory, $55,000; Work in Process Inventory, $30,000;
Finished Goods Inventory, $48,000; Common Stock, $589,000; and
Retained Earnings, $214,000. Antioch experienced the following
accounting events during 2018. Other than the adjusting entries for
depreciation, assume that all transactions are cash
transactions.
Paid $30,000 of research and development costs. Paid $59,000 for
raw materials that will be used to make eBook readers....
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $671,000; Raw Materials Inventory, $56,000; Work in Process Inventory, $25,000; Finished Goods Inventory, $63,000; Common Stock, $589,000; and Retained Earnings, $226,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. Paid $27,000 of research and development costs. Paid $64,000 for raw materials that will be used to make eBook readers....
Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $673,000; Raw Materials Inventory, $65,000; Work in Process Inventory, $30,000; Finished Goods Inventory, $61,000; Common Stock, $595,000; and Retained Earnings, $234,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $25,000 of research and development costs. 2. Paid $47,000 for raw materials that will be used to make...