Hi, I am needing someone to look over my statements especially the cash flow one, if anyone could help me with what I did wrong that would be great, Thanks



Rosa Partridge started the Creative Frame Shop in a small shopping center, In the first weeks of operations, the company completed the following transactions.
A. Deposotied 21,000 in an account in name of the company
B. Paid the current months rent, 1500
C purchased store equipment on credit, 10800
D Purchased framing supplies for cash 5,100
E Recieved framing revenue, 2400
F billed customers for services, 2100
G Paid utilities expense, 750
H Recieved payment from customer in transaction F 600
I make payment on store equipment purchaseed in transaction c 5400
J withdrew cash for personal expense 1200

Income Statement
Revenue 4,500
Expenses
Rent 1500
Utilities 750
Total Expenses 2250
Net Income 2250

[B]Owners Equity[/b]
Partridge capital 21000
Add Investments ?
Net Income 23,250
Withdrawls 1200
Capital 22050

Cash Flow
Net Income 2250
Increase A/R (1500)
Increase Supplies (5100)
Accounts Payable 5400
Net cash flow form
Operating activities 1050

Investing Activities
Purchase of equipment (10800)
Net cash flow from
Investing activities (10800)

Financing Activities
Investments 21000
Withdrawls (1200)
Net cash flow from
Financing Activities 19800
Decrease in cash 10050
Cash at end of month 10,050

CaptainForest

A. Deposited 21,000 in an account in name of the company
Running Totals:
Cash 21,000
Equity 21,000

B. Paid the current months rent, 1500
Running Totals:
Cash 19,500
Rent Expense 1,500
Equity 21,000

C purchased store equipment on credit, 10800
Running Totals:
Cash 19,500
Equipment 10,800
AP 10,800
Rent Expense 1,500
Equity 21,000

D Purchased framing supplies for cash 5,100
Running Totals:
Cash 14,400
Supplies 5,100
Equipment 10,800
AP 10,800
Rent Expense 1,500
Equity 21,000

E Received framing revenue, 2400
Running Totals:
Cash 16,800
Supplies 5,100
Equipment 10,800
AP 10,800
Framing Revenue 2,400
Rent Expense 1,500
Equity 21,000

F billed customers for services, 2100
Running Totals:
Cash 16,800
AR 2,100
Supplies 5,100
Equipment 10,800
AP 10,800
Framing Revenue 4,500
Rent Expense 1,500
Equity 21,000

G Paid utilities expense, 750
Running Totals:
Cash 16,050
AR 2,100
Supplies 5,100
Equipment 10,800
AP 10,800
Framing Revenue 4,500
Rent Expense 1,500
Utilities Expense 750
Equity 21,000

H Received payment from customer in transaction F 600
Running Totals:
Cash 16,650
AR 1,500
Supplies 5,100
Equipment 10,800
AP 10,800
Framing Revenue 4,500
Rent Expense 1,500
Utilities Expense 750
Equity 21,000

I make payment on store equipment purchased in transaction c 5400
Running Totals:
Cash 11,250
AR 1,500
Supplies 5,100
Equipment 10,800
AP 5,400
Framing Revenue 4,500
Rent Expense 1,500
Utilities Expense 750
Equity 21,000

J withdrew cash for personal expense 1200
Running Totals:
Cash 10,050
AR 1,500
Supplies 5,100
Equipment 10,800
AP 5,400
Framing Revenue 4,500
Rent Expense 1,500
Utilities Expense 750
Drawings 1,200
Capital 21,000



Statements:

Income Statement
Framing Revenue 4,500
Rent Expense 1,500
Utilities Expense 750
NET INCOME = 2,250

Balance Sheet:
Assets:
Cash 10,050
AR 1,500
Supplies 5,100
Equipment 10,800
TOTAL ASSETS = 27,450

Liabilities
AP 5,400

Owner’s Equity
Drawings (1,200)
Capital 21,000 + 2,250 = 23,250

Total Liabilities + OE = 27,450

Cash Flow Statement

Operating Activities:
Net Income 2,250
Increase in AR (1,500)
Increase in AP 5,400
Increase in Supplies (5,100)
Cash from operating activities = 1,050

Investing Activities:
Equipment (10,800)
Cash from Investing Activities = (10,800)

Financing Activities:
Increase in Capital 21,000
Less Drawings (1,200)
Cash from Financing Activities = 19,800

Net Cash change/provided during the year = 10,050

Now to check that number:
Cash, beginning of year = 0
Cash, end of year = 10,050
Change in cash during year = 10,050