1. Create Balance Sheet from Following items

1. Notes payable 22,400
2. Inventory 55,000
3. Account receivable 9,600
4. Paid in Capital 72,000
5. Account payable 43,200
6. Building, Land and Machines 96,000
7. Short Term Loan or Short term debt 5,000
8. Office equipment 12,000
9. Retained earnings 34,800
10. Cash 4,800

Indicate which of the following statements is True or False:

1. it is better for the company to own assets greater than the liabilities and owner-equity
2. the accounting is identical to the finance
3. The start of any company done by the Financing operation, then the investing then the operation.
4. If you decided to buy a car, this considers expenses.
5. It is better to have short and profitable operating cycle.
6. The ineffective collection function can affect the operating cycle
7. One of the function of the supply chain management may interfere to the financial management
8. The cash flow statement contain the finance and investing activities only