Answer
Assets |
Liabilities |
Stockholder's Equity |
Revenues |
Expenses |
Net Income |
Cash Flow |
|||
Cash |
Common Stock |
PIC in Excess |
|||||||
Mar-01 |
$ 104,500.00 |
$ 47,500.00 |
$ 57,000.00 |
$ 104,500.00 |
Finance Activities (FA) |
||||
May-02 |
$ 323,000.00 |
$ 85,000.00 |
$ 238,000.00 |
$ 323,000.00 |
Finance Activities (FA) |
||||
TOTAL |
$ 427,500.00 |
$ - |
$ 132,500.00 |
$ 295,000.00 |
$ - |
$ - |
$ - |
$ 427,500.00 |
--Working
Assets |
Liabilities |
Stockholder's Equity |
Revenues |
Expenses |
Net Income |
Cash Flow |
|||
Cash |
Common Stock |
PIC in Excess |
|||||||
Mar-01 |
=9500*11 |
=9500*5 par |
=9500*6 |
=+B2855 |
Finance Activities (FA) |
||||
May-02 |
=17000*19 |
=17000*5 par |
=17000*14 |
=+B2856 |
Finance Activities (FA) |
Requirement |
Answers |
|
b |
Common Stock |
$ 132,500.00 |
c |
Paid in Capital in excess of Par |
$ 295,000.00 |
d |
Total Paid in Capital |
$ 427,500.00 |
e |
Total Assets |
$ 427,500.00 |
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