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Accounting Statement Analysis PDF

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Added on  2020-04-29

Accounting Statement Analysis PDF

   Added on 2020-04-29

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Running head: ACCOUNTING STATEMENT ANALYSIS
Accounting Statement Analysis
Name of the Student:
Name of the University:
Author’s Note:
Accounting Statement Analysis PDF_1
2ACCOUNTING STATEMENT ANALYSIS
Table of Contents
Answer to Question 2:.....................................................................................................................3
Answer to Question 5:.....................................................................................................................4
Requirement a & b:......................................................................................................................4
Requirement c:.............................................................................................................................4
Answer to Question 9:.....................................................................................................................4
Answer to Question 17:...................................................................................................................5
Answer to Question 21:...................................................................................................................5
Bibliography:...................................................................................................................................7
Accounting Statement Analysis PDF_2
3ACCOUNTING STATEMENT ANALYSIS
Answer to Question 2:
% Nov Dec Jan Feb Mar
Sales $80,000 $100,000 $90,000 $70,000 $50,000
Credit Sales $32,000 $40,000 $36,000 $28,000 $20,000
SameMonth $17,640 $13,720 $9,800
1month $12,000 $10,800 $8,400
2months $6,400 $8,000 $7,200
Cashsales $54,000 $42,000 $30,000
Total cashcollected $90,040 $74,520 $55,400
CashReceiptBudget
Dec Jan Feb Mar
of $100,000 $90,000 $70,000 $50,000
Purchases 60%Sales $60,000 $54,000 $42,000 $30,000
Same Month $41,904 $32,592 $23,280
1month $12,000 $10,800 $8,400
Total PaymenttoSupplier $53,904 $43,392 $31,680Cash Expenses:
Advertising $1,000 $1,000 $1,000
Salaries/Wages $8,000 $8,640 $8,640
Rent $3,500 $3,500 $3,500
Interest on Mortgage $500 $500 $500
General expenses $2,000 $2,000 $2,000
Drawings $8,000 $8,000 $8,000
PAYGTaxPayment $5,000
Total Cashexpenses $28,000 $23,640 $23,640
Total CashPayment $81,904 $67,032 $55,320
CashPaymentBudget
CashBudget
Jan Feb Mar Total
OpeningCash Balance $4,296 $12,432 $19,920 $4,296
Add: Receipts $90,040 $74,520 $55,400 $219,960
Cash Available $94,336 $86,952 $75,320 $224,256
Less: Payments $81,904 $67,032 $55,320 $204,256
EndingCashBalance $12,432 $19,920 $20,000 $20,000
Accounting Statement Analysis PDF_3

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