WADDELL COMPANY | ||||||||||||||||||
Horizontal Financial Statements Model For Year 2 | ||||||||||||||||||
Balance Sheet | Income Statement | Statement of Cash Flows | ||||||||||||||||
Assets | = | Liabilities | + | Stockholders' Equity | Revenue | - | Expenses | = | Net Income | |||||||||
Cash | + | Accounts Receivables | + | Land | = | Accounts Payable | + | Common Stock | + | Retained Earnings | ||||||||
Beg. | $35000 | + | $9000 | + | $51000 | = | $7500 | + | $40000 | + | $47500 | - | = | $35000 | ||||
1/1 | 20000 | + | + | = | + | 20000 | + | - | = | 20000 | FA | |||||||
3/1 | -2000 | + | + | = | + | + | -2000 | - | = | -2000 | FA | |||||||
4/1 | -15000 | + | + | 15000 | = | + | + | - | = | -15000 | IA | |||||||
5/1 | -5500 | + | + | = | -5500 | + | + | - | = | -5500 | OA | |||||||
9/1 | 30000 | + | + | -30000 | = | + | + | - | = | 30000 | IA | |||||||
12/31 | + | 58000 | + | = | + | + | 58000 | 58000 | - | = | 58000 | |||||||
12/31 | 46000 | + | -46000 | + | = | + | + | - | = | 46000 | OA | |||||||
12/31 | + | + | = | 28000 | + | + | -28000 | - | 28000 | = | -28000 | |||||||
12/31 | + | + | = | + | + | - | = | |||||||||||
Totals | $108500 | + | $21000 | + | $36000 | = | $30000 | + | $60000 | + | $75500 | $58000 | - | $28000 | = | $30000 | $108500 | NC |
a. | Land | $36000 |
b. | Net cash flow from operating activities (-5500+46000) | $40500 |
c. | Total liabilities | $30000 |
d. | Net cash flow from investing activities (-15000+30000) | $15000 |
e. | Total expenses | $30000 |
f. | Total revenue | $58000 |
g. | Cash flow from financing activities (20000-2000) | $18000 |
h. | Net income | $30000 |
i. | Retained earnings | $75500 |
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