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View Full Version : Simple Statement of cash flows, income statement, balance sheet


kaylaban4199
Oct 27, 2013, 11:02 AM
June cost of goods sold is $11,750
Ending inventory on June 30 is $7,350
There is a $4,200 beginning balance in the Accounts Payable account on June 1
Suppliers were paid $13,500 during the month of June
Wilson earned $15,700 of revenue and sales of the fertilizer bags. $5,500 of the revenue related to cash sales and the rest were credit sales.
*no beginning balance in the Accounts Receivable account

Fill in the blanks

1.) Statement of Cash flows

______________ _______
______________ _______
net change in cash flow _______

2.) Income statement

______________ ________
______________ ________
Net Income ________

3.) Balance Sheet

ASSETS: LIABILITIES + EQUITY:
__________ _____ ___________ _____
__________ _____ ___________ _____
__________ _____ ___________ _____
Change in assets _____ Change in liabilities + Equity ______