Actg 1P11 Assignment 1

Transaction for Satines stitching armed service during April 2011 As posits=Liabilities+ owners Equity a.+6,500 specie+6,500 gravid b.+4,000 cash+4,000 service revenue c.(1,500)cash(1,500) net income expense d.+1,600 cash+1,600 notes splinter inable e.

(2,500) cash(2,500)dividends Satines sewing service Income statement For the calendar calendar month cease April 31, 2011 Revenue$4,000 set down Salary expense1,500 pelf income2,500 Satines sewing service command of kept up(p) earning For the month ended April 30, 2011 spring retained earning 0 net income for the month 2,500 Dividends (2,500) Ending retained earning 0 Satines sewing service symmetricalness sheet For the month ended April 30, 2011 AssetsLiabilities and Owners paleness property$8,100Notes collectible$1,600 Capital 6,500 total assets$8,100 copulate liabilities and owners equity$8,100 Satines sewing service capital give statement For the month ended April 30, 2011 currency from operating activities property from customers44,000 bills paid for hiring contract (1,500) 2,500 Cash from poseing activities0 Cash from financing activities Cash from owners contribution Cash fill in from loan Dividends paid6,500 1,600 (2,500) 5,600 Net increase in cash8,100 a. Total assets= 6,500+4,000-1,500+1,600-2,500=8100$ b. The cash flow statement for the service in shown above. c. Net income= revenue-expense= 4,000- 1,500= 2,500 d. 1) Satine himself, because he is the owner. He needs to grapple whats expiry on for his business, to puzzle out decisions, get dividends and pay tax, 2) Nadine, as Satines stuff, she will be interested in if her political boss could give way her salary and how much money she deserved. 3) Bank, to know if Satine can pay slang loan. 4) Financial institution, to decide whether invest this sewing service establish on those information. 5) Tax Bureau, because of tax.If you sine qua non to get a skilful essay, order it on our website: Ordercustompaper.com

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