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    Rivera Roofing Company Balance Date Cash Accounts Receivable Office Supplies Office Equipment Roofing Equipment Accounts Payable Common Stock

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    Muskan Valbani
    The document tracks the financial transactions and balances of Rivera Roofing Company from July 1-31. It shows increases in cash from revenues and decreases from expenses. Equipment was purchased on various dates. Accounts receivable, payable, common stock and retained earnings balances fluctuate. By July 31st, the company had $87,545 cash, $5,000 receivables, $103,545 total assets, $7,100 payables, $80,000 common stock, $16,445 retained earnings and $103,545 total equity.

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    Rivera Roofing Company Balance Date Cash Accounts Receivable Office Supplies Office Equipment Roofing Equipment Accounts Payable Common Stock

    Uploaded by

    Muskan Valbani
    111 views5 pages
    The document tracks the financial transactions and balances of Rivera Roofing Company from July 1-31. It shows increases in cash from revenues and decreases from expenses. Equipment was purchased on various dates. Accounts receivable, payable, common stock and retained earnings balances fluctuate. By July 31st, the company had $87,545 cash, $5,000 receivables, $103,545 total assets, $7,100 payables, $80,000 common stock, $16,445 retained earnings and $103,545 total equity.

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    Jhanvi_FA

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    The document tracks the financial transactions and balances of Rivera Roofing Company from July 1-31. It shows increases in cash from revenues and decreases from expenses. Equipment was purchased on various dates. Accounts receivable, payable, common stock and retained earnings balances fluctuate. By July 31st, the company had $87,545 cash, $5,000 receivables, $103,545 total assets, $7,100 payables, $80,000 common stock, $16,445 retained earnings and $103,545 total equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    111 views5 pages

    Rivera Roofing Company Balance Date Cash Accounts Receivable Office Supplies Office Equipment Roofing Equipment Accounts Payable Common Stock

    Uploaded by

    Muskan Valbani
    The document tracks the financial transactions and balances of Rivera Roofing Company from July 1-31. It shows increases in cash from revenues and decreases from expenses. Equipment was purchased on various dates. Accounts receivable, payable, common stock and retained earnings balances fluctuate. By July 31st, the company had $87,545 cash, $5,000 receivables, $103,545 total assets, $7,100 payables, $80,000 common stock, $16,445 retained earnings and $103,545 total equity.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Rivera Roofing Company

    Assets Liabilities Equ


    Balance Date Accounts Office Office Roofing Accounts Common
    Cash
    Receivable Supplies Equipment Equipment Payable Stock
    1-Jul $ 80,000.00 $80,000
    2-Jul -$700
    Balance as of 2-Jul $79,300 $0 $80,000
    3-Jul -$1,000 $5,000 $4,000
    Balance as of 3-Jul $78,300 $0 $5,000 $4,000 $80,000
    6-Jul -$600 $600
    Balance as of 6-Jul $77,700 $600 $0 $5,000 $4,000 $80,000
    8-Jul $7,600
    Balance as of 8-Jul $85,300 $600 $0 $5,000 $4,000 $80,000
    10-Jul $2,300 $2,300
    Balance as of 10-Jul $85,300 $600 $2,300 $5,000 $6,300 $80,000
    15-Jul $8,200
    Balance as of 15-Jul $85,300 $8,200 $600 $2,300 $5,000 $6,300 $80,000
    17-Jul $3,100 $3,100
    Balance as of 17-Jul $85,300 $8,200 $3,700 $2,300 $5,000 $9,400 $80,000
    23-Jul -$2,300 -$2,300
    Balance as of 23-Jul $83,000 $8,200 $3,700 $2,300 $5,000 $7,100 $80,000
    25-Jul $5,000
    Balance as of 25-Jul $83,000 $13,200 $3,700 $2,300 $5,000 $7,100 $80,000
    28-Jul $8,200 -$8,200
    Balance as of 28-Jul $91,200 $5,000 $3,700 $2,300 $5,000 $7,100 $80,000
    30-Jul -$1,560
    Balance as of 30-Jul $89,640 $5,000 $3,700 $2,300 $5,000 $7,100 $80,000
    31-Jul -$295
    31-Jul -$1,800
    Balance as of 31-Jul $87,545 $5,000 $3,700 $2,300 $5,000 $7,100 $80,000
    Final Balance $103,545 $103,545
    Equity

    Dividents Revenues Expenses

    -$700
    -$700

    -$700

    -$700
    $7,600
    $7,600 -$700

    $7,600 -$700
    $8,200
    $15,800 -$700

    $15,800 -$700

    $15,800 -$700
    $5,000
    $20,800 -$700

    $20,800 -$700
    -$1,560
    $20,800 -$2,260
    -$295
    -$1,800
    -$1,800 $20,800 -$2,555
    $103,545
    Income Statement
    Rivera Roofing Company
    Revenues
    Roofing services 20800
    Expenses
    Rent expense 700
    Wages expense 1560
    Bill expense 295
    Total expenses 2555
    Net Income 18245
    Retained Earning Statement
    Rivera Roofing Company
    Retained Earnings, July 1 0
    Plus: Net Income 18245
    18245
    Less: Dividents 1800
    Retained Earnings, July 31 16445
    Balance Sheet, July 31
    Rivera Roofing Company
    Assets Liabilities
    Cash 87545 Accounts Payable 7100
    Accounts Receivable 5000 Equity
    Office Supplies 3700 Common Stock 80000
    Office Equipment 2300 Retained Earnings 16445
    Roofing Equipment 5000 Total Equity 96445

    Total Assets 103545 Total Liabilities and Equity 103545

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