Statement of Operations, Financial Position, and Statement of Cash Flow Reconciliation to Net Income
| 1/1/2022 | Debit | Credit | |
| Cash | $ 950,000.00 | ||
| Common Stock | $ 950,000.00 | ||
| Cash | $ 2,000,000.00 | ||
| Note Payable | $ 2,000,000.00 | ||
| Inventory | $ 147,000.00 | ||
| Accounts Payable | $ 147,000.00 | ||
| Prepaid Rent | $ 480,000.00 | ||
| Cash | $ 480,000.00 | ||
| Supplies | $ 10,000.00 | ||
| Cash | $ 10,000.00 | ||
| 1/11/2022 | |||
| Inventory | $ 3,000.00 | ||
| Accounts Payable | $ 3,000.00 | ||
| 1/20/2022 | |||
| Accounts Payable | $ 150,000.00 | ||
| Cash | $ 150,000.00 | ||
| 2/10/2022 | |||
| Accounts Receivable | $ 21,340.00 | ||
| Sales Revenue | $ 21,340.00 | ||
| Cost of Goods Sold | $ 15,000.00 | ||
| Inventory | $ 15,000.00 | ||
| Cash | $ 30,000.00 | ||
| Sales Revenue | $ 30,000.00 | ||
| Cost of Goods Sold | $ 21,000.00 | ||
| Inventory | $ 21,000.00 | ||
| 3/10/2022 | |||
| Accounts Receivable | $ 660.00 | ||
| Sales Revenue | $ 660.00 | ||
| 3/15/2022 | |||
| Inventory | $ 170,000.00 | ||
| Cash | $ 170,000.00 | ||
| 4/30/2022 | |||
| Cash | $ 30,000.00 | ||
| Sales Revenue | $ 30,000.00 | ||
| Cost of Goods Sold | $ 25,500.00 | ||
| Inventory | $ 25,500.00 | ||
| 6/30/2022 | |||
| Land | $ 250,000.00 | ||
| Building | $ 750,000.00 | ||
| Cash | $ 200,000.00 | ||
| Note Payable | $ 800,000.00 | ||
| 9/1/2022 | |||
| Cash | $ 60,000.00 | ||
| Unearned Rent Revenue | $ 60,000.00 | ||
| 10/1/2022 | |||
| Equipment | $27,777.78 | ||
| Note Payable | $27,777.78 | ||
| Prepaid Insurance | $ 12,000.00 | ||
| Cash | $ 12,000.00 | ||
| 10/14/2022 | |||
| Accounts Receivable | $ 97,000.00 | ||
| Sales Revenue | $ 97,000.00 | ||
| Cost of Goods Sold | $ 68,000.00 | ||
| Inventory | $ 68,000.00 | ||
| 10/30/2022 | |||
| Cash | $ 48,500.00 | ||
| Accounts Receivable | $ 48,500.00 | ||
| 11/14/2022 | |||
| Accounts Receivable | $ 1,500.00 | ||
| Sales Revenue | $ 1,500.00 | ||
| 12/1/2022 | |||
| Treasury Stock | $ 120,000.00 | ||
| Cash | $ 120,000.00 | ||
| 12/15/2022 | |||
| Dividends | $ 18,000.00 | ||
| Dividends Payable | $ 18,000.00 | ||
| Bad Debt Expense | $ 50,000.00 | ||
| Accounts Receivable | $ 50,000.00 | ||
| 12/15/2022 | |||
| Supplies | $ 13,000.00 | ||
| Cash | $ 13,000.00 | ||
| 12/25/2022 | |||
| Accounts Receivable | $ 29,100.00 | ||
| Sales Revenue | $ 29,100.00 | ||
| Cost of Goods Sold | $ 25,500.00 | ||
| Inventory | $ 25,500.00 | ||
| 12/31/2022 | |||
| Cash | $ 200,000.00 | ||
| Sales Revenue | $ 200,000.00 | ||
| COGS | $ 156,000.00 | ||
| Inventory | $ 156,000.00 | ||
| Year End Adjusting Journal Entries | |||
| Supplies Expense | $ 11,000.00 | ||
| Supplies | $ 11,000.00 | ||
| Utilities Expense | $ 25,000.00 | ||
| Utilities Payable | $ 25,000.00 | ||
| Interest Expense | $ 80,000.00 | ||
| Interest Payable | $ 80,000.00 | ||
| Rent Expense | $ 240,000.00 | ||
| Prepaid Rent | $ 240,000.00 | ||
| Depreciation Expense | $ 12,500.00 | ||
| Accumulated Depreciation Building | $ 12,500.00 | ||
| Interest Expense | $ 48,000.00 | ||
| Interest Payable | $ 48,000.00 | ||
| Unearned Rent Revenue | $ 40,000.00 | ||
| Rent Revenue | $ 40,000.00 | ||
| Depreciation Expense | $ 805.56 | ||
| Accumulated Depreciation Equipment | $ 805.56 | ||
| Interest Expense | $ 555.56 | ||
| Note Payable | $ 555.56 | ||
| Insurance Expense | $ 3,000.00 | ||
| Prepaid Insurance | $ 3,000.00 | ||
| Bad Debt Expense | $ 2,555.00 | ||
| Allowance For Doubtful Accounts | $ 2,555.00 | ||
| Deferred Tax Asset | $ 64,956.38 | ||
| Income Tax Benefit | $ 64,956.38 | ||
How would you put this in Statement of Cash Flows Reconciliation to Net Income, Statement of Financial Position, and Statement of Operations?
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Statement of Operations, Financial Position, and Statement of Cash Flow Reconciliation to Net Income
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