BETA is a new company, founded on November 30, 2021. Below its adjusted balance sheet for the
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Question:
BETA is a new company, founded on November 30, 2021. Below
its adjusted balance sheet for the first year of activities.
Debit | Credit | |
Wages | 100.800 | |
Purchase of goods | 729.600 | |
Rent | 63.600 | |
Travel expenses | 14.400 | |
Other expenses | 10.000 | |
Interest (that was paid) | 1.600 | |
Energy expenses | 12.400 | |
Office expenses | 5.200 | |
Buildings (historic cost) | 48.000 | |
Vehicles (historic cost) | 100.000 | |
Furniture (historic cost) | 72.000 | |
Clients | 47.200 | |
Suppliers | 42.000 | |
Cash | 16.000 | |
Equity | 200.000 | |
Loan | 40.000 | |
Sales | 942.800 | |
Depreciation of assets | 10.000 | |
Accumulated depreciation | 10.000 | |
Taxes (that were paid) | 4.000 | |
Total | 1.234.800 | 1.234.800 |
Inventories at the end of the accounting year, on 30 November 2022, were valued at
€60,000. No dividend was paid during the year.
Prepare the Income Statement, Balance Sheet, Statement
of Changes in Equity, and BETA's Statement of Cash Flows for
accounting year ended 30 November 2022.
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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