Description
Balance Sheet of Thumbs-Up Video, Profit and Loss Account, Cash Account
Balance Sheet of Thumbs-Up Video, Inc As on 30th June, 200x Owners Equity and Liabilities $ Assets
Current Liabilties: Accounts Payable Interest payable Current Assets: 18750 Cash 2900 Receivables Prepaid Advertising Exp.
Long-Term Liabilities: Mortgage Loan
33600
Oweners Equity: Paid up capital Retained Earnings
Fixed Assets: 165000 Buidling Equipment 5609 Land Tapes Other Assets:
225859
Profit and Loss Account of Thumbs-up Video, Inc for the period Ended 30th Jun
Particulars Legal expnese Office Supplies expenses Ads expenses Wages Salary Interest payable Depreciation on Bldg Depreciation on Tapes Depreciation on Equipment $ Particulars 2700 Sales: 500 Cash 3000 Credit 32000 30000 2900 500 18021 770
Net Profit
5609 96000
30th June, 200x $
45500 2200 3000
Significant Accounting Policies of the Company: 1. The total amount of preliminary expnes has been amortized in first accoutning period. 2. The software value has been clubed with equipment since it is related to equipment an 3. Advertising expenses has been calculated on monthly basis. 5. Depreciation on all the depreciable assets has been calculated on monthly basis. Depreciation on Budiling for 6 months on 25000 value=1000 Depreciation on Tapes:16667 (50% of 1/3 of 100000) and 104 (1/12 of 1/3 of
24500 6930 43000 100729
225859
he period Ended 30th June, 200x.
$ 93800 2200
96000
ortized in first accoutning period. since it is related to equipment and computer.
calculated on monthly basis. 000 value=1000 100000) and 104 (1/12 of 1/3 of 3750) and 1250 (i.e. 1/12 of 15000).
Cash Account Receipts $ Payments $ Paid up Capital 65000 legal fee 1 2700 Sales Reve 93800 Land and building 14400 Renovation 20000 Purchase of Tapes 100000 Equipment and Computer 6700 Software 1000 Office Supplies purchased 500 Advertising 6000 New Tapes 0 Salaries 32000 Salary of owner30000
258800
Closing bank bal 45500 258800
doc_470303905.xls
Balance Sheet of Thumbs-Up Video, Profit and Loss Account, Cash Account
Balance Sheet of Thumbs-Up Video, Inc As on 30th June, 200x Owners Equity and Liabilities $ Assets
Current Liabilties: Accounts Payable Interest payable Current Assets: 18750 Cash 2900 Receivables Prepaid Advertising Exp.
Long-Term Liabilities: Mortgage Loan
33600
Oweners Equity: Paid up capital Retained Earnings
Fixed Assets: 165000 Buidling Equipment 5609 Land Tapes Other Assets:
225859
Profit and Loss Account of Thumbs-up Video, Inc for the period Ended 30th Jun
Particulars Legal expnese Office Supplies expenses Ads expenses Wages Salary Interest payable Depreciation on Bldg Depreciation on Tapes Depreciation on Equipment $ Particulars 2700 Sales: 500 Cash 3000 Credit 32000 30000 2900 500 18021 770
Net Profit
5609 96000
30th June, 200x $
45500 2200 3000
Significant Accounting Policies of the Company: 1. The total amount of preliminary expnes has been amortized in first accoutning period. 2. The software value has been clubed with equipment since it is related to equipment an 3. Advertising expenses has been calculated on monthly basis. 5. Depreciation on all the depreciable assets has been calculated on monthly basis. Depreciation on Budiling for 6 months on 25000 value=1000 Depreciation on Tapes:16667 (50% of 1/3 of 100000) and 104 (1/12 of 1/3 of
24500 6930 43000 100729
225859
he period Ended 30th June, 200x.
$ 93800 2200
96000
ortized in first accoutning period. since it is related to equipment and computer.
calculated on monthly basis. 000 value=1000 100000) and 104 (1/12 of 1/3 of 3750) and 1250 (i.e. 1/12 of 15000).
Cash Account Receipts $ Payments $ Paid up Capital 65000 legal fee 1 2700 Sales Reve 93800 Land and building 14400 Renovation 20000 Purchase of Tapes 100000 Equipment and Computer 6700 Software 1000 Office Supplies purchased 500 Advertising 6000 New Tapes 0 Salaries 32000 Salary of owner30000
258800
Closing bank bal 45500 258800
doc_470303905.xls