Actg 1P11 Assignment 1

Transaction for Satines sew armed function during April 2011 As readys=Liabilities+ owners Equity a.+6,500 specie+6,500 capital b.+4,000 cash+4,000 renovation revenue c.(1,500)cash(1,500)salary expense d.+1,600 cash+1,600 notes chip inable e.

(2,500) cash(2,500)dividends Satines sew service Income statement For the calendar month ended 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 Beginning retained earning 0 net income for the month 2,500 Dividends (2,500) Ending retained earning 0 Satin es sewing service symmetricalness sheet For the month ended April 30, 2011 AssetsLiabilities and Owners equity property$8,100Notes payable$1,600 Capital 6,500 total assets$8,100 match liabilities and owners equity$8,100 Satines sewing service capital endure statement For the month ended April 30, 2011 currency from operating activities cash from customers44,000 coin paid for hiring stuff (1,500) 2,500 hard currency from investing activities0 Cash from financing activities Cash from owners contribution Cash issue from loan Dividends paid6,500 1,600 (2,500) 5,600 plunder increase in cash8,100 a. fare assets= 6,500+4,000-1,500+1,600-2,500=8100$ 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 know whats end on for his business, to make decisions, stimulate dividend s and pay tax, 2) Nadine, as Satines stuff,! she will be interested in if her boss could puddle way her salary and how much money she deserved. 3) Bank, to know if Satine outhouse pay bank loan. 4) Financial institution, to decide whether invest this sewing service based on those information. 5) Tax Bureau, because of tax.If you want to get a full essay, order it on our website: OrderEssay.net

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