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Complete a income statement, balance sheet and cash flow statement.
8. The following is the ending Balance Sheet for Part- Time Programmers Co. The company provides tem- porary computer and data processing help to orga nizations. It is a small, new organization. Part-Time Programmers Oct. 31, 20xx $1,800 2,000 500 14,200 $18,500 $4,500 Accounts Payable Cash Gov. Securities Supplies Equipment Total Assets 5,000 Wages Payable 1,000 Tax Payable 8,000 Net Worth $18,500Total Liabilities +N.W. a. Receive $800 from customer for services. b. Buy supplies for cash, $500. c. Bill customers for services, $4,000. d. Pay consulting wages owed of $2,000 e. Pay taxes owed of $500. f. Purchase equipment on credit, $2.000. g. Received payments from previously billed customers, $2,500. h. Pay wages of $1,500. i. End of month, generate I/S, B/S, and C/F
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income Statement for the month ending November 30 Service Revenue Less: Operating Expenses Wages expenses Net Income 4800 1500 3300Balance Sheet Nov 30 20xx Assets Cash (4500+800-500-2000-500+2500- 1500) Accounts Receivable Amt Liabilities & Net worth Accounts Payable (1800+2000) Net worth 14200+3300) Amt 3800 17500 Govt.securities Supplies (1000+500) Equipment (8000+2000) Total assets 1500 5000 1500 10000 21300 Total Liabilities+N.W 21300Statement of Cash Flow cash flow from operating activities Cash received from customers (800+2500) 3300 Wages paid to employees (2000+1500 3500 taxes paid Cash paid for supplies Cash Used in operating activities -500 -500 1200 Cash from Investing Activities nil Cash from Financing Activities Net increase/(decrease) in cash Add: beginning balance Ending balance nil 1200 4500 3300Thank you, I hope you understand

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