According to the organisational policies and procedures of NeoZone, all financial statements must be verified and...

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According to the organisational policies and procedures of NeoZone, all financial statements must be verified and approved by all three partners. 2.7 Use the following template to prepare an email to the relevant people asking them to verify and approve the financial statements you prepared in question 2.6. Your email should set out the reports to be approved. FILE 4 Paste Send E MESSAGE INSERT OPTIONS FORMAT TEXT Cut Copy Format Painter Clipboard F 11 Calibri (Boc B I U aly - A To: Subject: A A P == EE REVIEW Basic Text G 88. EE Address Check Attach Attach Signature Book Names File Item Include Names Follow Up ! High Importance Low Importance Tags Zoom Zoom Particulars Sales Less Cost of Goods Sold Opening Inventory Add: Purchases Packaging Goods Available for Sale Less: Closing Inventory Gross Profit Total Operating income Less Operating Expenses Marketing Expenses Advertising Delivery Costs Administration Expenses Accounting Fees Rent Order Costs Insurance Depreciation Website Maintenance Telephone and Internet Total Expenses Net Operating Profit/(Loss) Income statement 3 months ended 30 June 2022 $ 480.00 502.00 542.00 1,200.00 714.00 375.00 360.00 420.00 1,007.00 $ 22,160.00 754.00 22,914.00 9,334.00 982.00 4,618.00 $ 35,680.00 13,580.00 22,100.00 22,100.00 5,600.00 16,500.00 Total Non-Current Assets Total Assets Current Liabilities GST Collected Less: GST Paid Total Liabilities Net Assets Current Assets Cash Inventory Prepaid Insurance Total Current Assets Non-Current Assets Computer Equipment Computer Equipment - Accumulated Depreciation Furniture Furniture - Accumulated Depreciation Software Software - Accumulated Depreciation Owners Equity James, Capital add: Profit share for the period less: Drawings Leona, Capital add: Profit share for the period less: Drawings Brady, Capital add: Profit share for the period Balance sheet less: Drawings Total Equity as at 30 June 2022 $ 5,000.00 -250 800 -20 1,800.00 -90 3,568.00 3,187.90 15,000.00 5,500.00 1,500.00 15,000.00 5,500.00 1,500.00 15,000.00 5,500.00 1,500.00 $ 39,681.10 9,334.00 1,125.00 4,750.00 780 1,710.00 380.10 19,000.00 19,000.00 19,000.00 $ 50,140.10 7,240.00 57,380.10 380.10 57,000.00 57,000.00 Cash flow statement 3 months ended 30 June 2022 Cash flows from operating activites: Receipts from customers (incl GST) Payments for Inventory (incl GST) Expenses paid (incl GST) GST Paid on Purchases for Non-Currents Assets Net Cash from Operating Activities Cash Flows from Investing Activities Payment for Furniture Payment for Software Net Cash from Investing Activities Cash Flows from Financing Activities Capital provided by partners Drawings by partners Net Cash from Financing Activities Net Increase in cash Cash and cash equivalents at 01 April 2022 Cash and cash equivalents at 30 June 2022 $ 39,248.00 -25,205.40 -7,001.50 -260 6,781.10 -800 -1,800.00 -2,600.00 40,000.00 -4,500.00 35,500.00 39,681.10 0 39,681.10 According to the organisational policies and procedures of NeoZone, all financial statements must be verified and approved by all three partners. 2.7 Use the following template to prepare an email to the relevant people asking them to verify and approve the financial statements you prepared in question 2.6. Your email should set out the reports to be approved. FILE 4 Paste Send E MESSAGE INSERT OPTIONS FORMAT TEXT Cut Copy Format Painter Clipboard F 11 Calibri (Boc B I U aly - A To: Subject: A A P == EE REVIEW Basic Text G 88. EE Address Check Attach Attach Signature Book Names File Item Include Names Follow Up ! High Importance Low Importance Tags Zoom Zoom Particulars Sales Less Cost of Goods Sold Opening Inventory Add: Purchases Packaging Goods Available for Sale Less: Closing Inventory Gross Profit Total Operating income Less Operating Expenses Marketing Expenses Advertising Delivery Costs Administration Expenses Accounting Fees Rent Order Costs Insurance Depreciation Website Maintenance Telephone and Internet Total Expenses Net Operating Profit/(Loss) Income statement 3 months ended 30 June 2022 $ 480.00 502.00 542.00 1,200.00 714.00 375.00 360.00 420.00 1,007.00 $ 22,160.00 754.00 22,914.00 9,334.00 982.00 4,618.00 $ 35,680.00 13,580.00 22,100.00 22,100.00 5,600.00 16,500.00 Total Non-Current Assets Total Assets Current Liabilities GST Collected Less: GST Paid Total Liabilities Net Assets Current Assets Cash Inventory Prepaid Insurance Total Current Assets Non-Current Assets Computer Equipment Computer Equipment - Accumulated Depreciation Furniture Furniture - Accumulated Depreciation Software Software - Accumulated Depreciation Owners Equity James, Capital add: Profit share for the period less: Drawings Leona, Capital add: Profit share for the period less: Drawings Brady, Capital add: Profit share for the period Balance sheet less: Drawings Total Equity as at 30 June 2022 $ 5,000.00 -250 800 -20 1,800.00 -90 3,568.00 3,187.90 15,000.00 5,500.00 1,500.00 15,000.00 5,500.00 1,500.00 15,000.00 5,500.00 1,500.00 $ 39,681.10 9,334.00 1,125.00 4,750.00 780 1,710.00 380.10 19,000.00 19,000.00 19,000.00 $ 50,140.10 7,240.00 57,380.10 380.10 57,000.00 57,000.00 Cash flow statement 3 months ended 30 June 2022 Cash flows from operating activites: Receipts from customers (incl GST) Payments for Inventory (incl GST) Expenses paid (incl GST) GST Paid on Purchases for Non-Currents Assets Net Cash from Operating Activities Cash Flows from Investing Activities Payment for Furniture Payment for Software Net Cash from Investing Activities Cash Flows from Financing Activities Capital provided by partners Drawings by partners Net Cash from Financing Activities Net Increase in cash Cash and cash equivalents at 01 April 2022 Cash and cash equivalents at 30 June 2022 $ 39,248.00 -25,205.40 -7,001.50 -260 6,781.10 -800 -1,800.00 -2,600.00 40,000.00 -4,500.00 35,500.00 39,681.10 0 39,681.10

Answer rating: 100% (QA)

Answer To Names of the three partners Subject Approval of Financial Statements for the Quarter Ended ... View the full answer