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    Finance

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    Danna Santos Nuqui
    The financial statements show that Java Realty's total assets increased from $213,820 in 2018 to $362,970 in 2019. Current assets grew from $158,020 to $285,270 due to increases in cash and accounts receivable. Property, plant and equipment also increased as more office equipment was purchased. Liabilities rose from $67,820 to $172,940 as accounts payable, accrued salaries, and a new note payable were added. Owner's equity remained steady and net income increased from $36,300 to $53,630.

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    Finance

    Uploaded by

    Danna Santos Nuqui
    29 views5 pages
    The financial statements show that Java Realty's total assets increased from $213,820 in 2018 to $362,970 in 2019. Current assets grew from $158,020 to $285,270 due to increases in cash and accounts receivable. Property, plant and equipment also increased as more office equipment was purchased. Liabilities rose from $67,820 to $172,940 as accounts payable, accrued salaries, and a new note payable were added. Owner's equity remained steady and net income increased from $36,300 to $53,630.

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    finance.xlsx

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    The financial statements show that Java Realty's total assets increased from $213,820 in 2018 to $362,970 in 2019. Current assets grew from $158,020 to $285,270 due to increases in cash and accounts receivable. Property, plant and equipment also increased as more office equipment was purchased. Liabilities rose from $67,820 to $172,940 as accounts payable, accrued salaries, and a new note payable were added. Owner's equity remained steady and net income increased from $36,300 to $53,630.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    29 views5 pages

    Finance

    Uploaded by

    Danna Santos Nuqui
    The financial statements show that Java Realty's total assets increased from $213,820 in 2018 to $362,970 in 2019. Current assets grew from $158,020 to $285,270 due to increases in cash and accounts receivable. Property, plant and equipment also increased as more office equipment was purchased. Liabilities rose from $67,820 to $172,940 as accounts payable, accrued salaries, and a new note payable were added. Owner's equity remained steady and net income increased from $36,300 to $53,630.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Java Realty

    Statements of Financial Position


    For the years ended December 31, 2019 and 2018
    2018 2019
    Current Assets
    Cash 123,820.00 226,120.00
    Accounts Receivable 34,200.00 59,150.00
    Total Current Assets 158,020.00 285,270.00

    Non-current Assets
    Office Equipment 62,000.00 96,300.00
    Accumulated Depreciation (6,200.00) (18,600.00)
    Property, Plant and Equipment, Net 55,800.00 77,700.00
    Total Non-current Assets 55,800.00 77,700.00
    TOTAL ASSETS 213,820.00 362,970.00

    Current Liabilities
    Accounts Payable 56,820.00 94,940.00
    Accrued Salaries 11,000.00 33,000.00
    Total Current Liabilities 67,820.00 127,940.00

    Non-current Liability
    Notes Payable --- 45,000.00
    Total Non-current Liabilities --- 45,000.00
    TOTAL LIABILITIES 67,820.00 172,940.00

    Owner's Equity
    Java, Capital 120,000.00 146,000.00
    Java, Withdrawal (10,300.00) (9,600.00)
    Net Income 36,300.00 53,630.00
    TOTAL OWNER'S EQUITY 146,000.00 190,030.00
    TOTAL LIABILITIES AND OWNER'S 213,820.00 362,970.00
    Java Realty
    Statements of Profit or Loss
    For the years ended December 31, 2019 and 2018
    Change 2018
    Sales Commissions 65,800.00
    102,300.00
    24,950.00 Depreciation expense 6,200.00
    127,250.00 Rental expense 7,000.00
    Salaries expense 11,000.00
    Utilities expense 1,480.00
    34,300.00 Advertising expense 3,820.00
    (12,400.00) Net Income 36,300.00
    21,900.00
    21,900.00
    149,150.00

    38,120.00
    22,000.00
    60,120.00

    105,120.00

    26,000.00

    17,330.00
    44,030.00
    149,150.00
    Loss
    , 2019 and 2018
    2019
    123,630.00

    12,400.00
    14,000.00
    33,000.00
    2,960.00
    7,640.00
    53,630.00
    Java Realty
    Projected Statement of Cash Flows
    For the year ending December 31, 2019

    Cash, Beginning 123,820.00


    Cash Flows from Operating Activities
    Net Income 53,630.00
    Adjustments:
    Add: Depreciation Expense 12,400.00
    Increase in Accounts Payable 38,120.00
    Increase in Accrued Salaries 22,000.00
    Deduct: Increase in Accounts Receivable (24,950.00)
    Net cash flows from Operating Activities 101,200.00
    Cash flows from Investing Activities
    Deduct: Purchase of Property, Plant and Equipment (34,300.00)
    Net cash flows from Investing Activities (34,300.00)
    Cash flows from Financing Activities
    Add: Increase in Notes Payable 45,000.00
    Deduct: Increase in Drawings (9,600.00)
    Net cash flows from Financing Activities 35,400.00
    Cash, Ending 226,120.00

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