Fill in the blank using the following information :

BIG CITY COURIER
STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Months of:
	January	February	March
Operating Activities
Net Income
(Increase)/Decrease in Accounts Receivable
Decrease in Deposits Paid
Increase/(Decrease) in Accounts Payable
Increase in Sales Tax Payable
Cash Used in Operations
Financing Activities
Drawings
Cash Used in Financing
Investing Activities
Changes in Fixed Assets
Cash Used in Investing
Net Increase/(Decrease) in Cash
Cash Balance Previous Month End
Cash Balance Current Month End
Net change in Cash for the Month

  

Transcribed Image Text:

Current Assets Accounts Receivable Deposits Paid Total Current Assets Fixed Assets Total Assets Liabilities Overdraft Accounts Payable Sales Tax Payable Total Liabilities Equity Capital Retained Earnings Total Equity Exhibit 3 BIG CITY COURIER BALANCE SHEET as at Total Liabilities and Equity 31-Jan-97 28-Feb-97 45,592 900 46,492 4,258 50,750 9,231 411 23,967 33,609 10,544 6,597 17,141 50,750 52,789 900 53,689 4,435 58,124 11,580 271 26,212 38,063 9,057 11,004 20,061 58,124 31-Mar-97 62,053 900 62,953 4,435 67,388 13,217 1,100 28,265 42,582 7,476 17,330 24,806 67,388 Current Assets Accounts Receivable Deposits Paid Total Current Assets Fixed Assets Total Assets Liabilities Overdraft Accounts Payable Sales Tax Payable Total Liabilities Equity Capital Retained Earnings Total Equity Exhibit 3 BIG CITY COURIER BALANCE SHEET as at Total Liabilities and Equity 31-Jan-97 28-Feb-97 45,592 900 46,492 4,258 50,750 9,231 411 23,967 33,609 10,544 6,597 17,141 50,750 52,789 900 53,689 4,435 58,124 11,580 271 26,212 38,063 9,057 11,004 20,061 58,124 31-Mar-97 62,053 900 62,953 4,435 67,388 13,217 1,100 28,265 42,582 7,476 17,330 24,806 67,388

Answer rating: 100% (QA)

A B C D E F Notes BIG CITY COURIER STATEMENT OF CHANGES IN FINANCIAL POSITION Details Jan Net Income ... View the full answer