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    Format Excel For BS IS and CFS

    Uploaded by

    Nishant Wasad
    The balance sheet shows the assets, liabilities, and equity of Chemalite, Inc. as of December 31, 2004 and December 31, 2005. Assets increased from $539,375 to $1,783,150 over this period. Liabilities increased from $0 to $1,183,680. Equity increased from $528,475 to $599,470. The income statement shows revenues increased from $754,500 to $1,910,500 from 2004 to 2005. Expenses also increased and net income was $24,250 in 2004.

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

    Format Excel For BS IS and CFS

    Uploaded by

    Nishant Wasad
    52 views9 pages
    The balance sheet shows the assets, liabilities, and equity of Chemalite, Inc. as of December 31, 2004 and December 31, 2005. Assets increased from $539,375 to $1,783,150 over this period. Liabilities increased from $0 to $1,183,680. Equity increased from $528,475 to $599,470. The income statement shows revenues increased from $754,500 to $1,910,500 from 2004 to 2005. Expenses also increased and net income was $24,250 in 2004.

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    Format Excel for BS IS and CFS

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    The balance sheet shows the assets, liabilities, and equity of Chemalite, Inc. as of December 31, 2004 and December 31, 2005. Assets increased from $539,375 to $1,783,150 over this period. Liabilities increased from $0 to $1,183,680. Equity increased from $528,475 to $599,470. The income statement shows revenues increased from $754,500 to $1,910,500 from 2004 to 2005. Expenses also increased and net income was $24,250 in 2004.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    52 views9 pages

    Format Excel For BS IS and CFS

    Uploaded by

    Nishant Wasad
    The balance sheet shows the assets, liabilities, and equity of Chemalite, Inc. as of December 31, 2004 and December 31, 2005. Assets increased from $539,375 to $1,783,150 over this period. Liabilities increased from $0 to $1,183,680. Equity increased from $528,475 to $599,470. The income statement shows revenues increased from $754,500 to $1,910,500 from 2004 to 2005. Expenses also increased and net income was $24,250 in 2004.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 9

    Octane Service Station

    Balance Sheet
    1st May and 30th June

    Asset 01 May 2021 30 June 2021 Liabilities


    Current Asset Current Liabilities
    Cash Accounts Payable
    Cash-in-hand 200 200 To Octane
    Checkin account 7005 12613 Rent
    Inventory 13250 10018 Utility
    Wages
    Accounts Receivable Pre-paid rent to parking
    Pre-Paid Rent 1420 0
    Receivable 199 Total Current Liabilities
    Provision for Bad Debt 0
    Non-Current Liabilities
    Deposit to Octane 0 0 Loan for equipment

    Total Current Assets 21875 23030 Total Non-Current Liabilities

    Non-Current Assets Owners Equity


    Prepaid Insurance Paid In Capital
    Land Retained Earning
    Furniture (10 years)
    Asset Purchase Value 1650 1650 Total Equity
    Accumulated Depriciation -27.5
    Equipment (5 year)
    Asset Purchase Value 12875 9875
    Accumulated Depriciation -429.2
    Insurance (1year)
    Asset Purchase Value 900 900
    Accumulated Depriciation -150
    Merchandise TOTAL

    Total Non Current Assets 15425 11818

    TOTAL 37300 34848


    Octane Service Station
    Income Statement
    1st May to 30th June

    01 May 2021 30 June 2021


    Sales
    Cash Sales 69709
    10300 12104 Rental Parking 375
    75 Total Sales 70084
    425
    232 COGS 52291
    125 Gross Margin 17793

    10300 12961 Opertaing Expenses


    Salaries 9682
    Rent 3513
    Depriciation 606.7
    Cash Sales
    0 0 Advertisement 690
    Utilities 870
    Rental Parking
    27000 20171 Evaporation Loss 360
    1716 Bad Debt
    Miscellaneous 355
    27000 21887
    Total Operating Expenses 16077
    Operating Income 1716

    Interests
    Dividends
    Income before Taxes 1716

    37300 34848 Taxes

    Net Income 1716


    Particulars 31-Dec 1-Jan 2-Jan
    Assets
    Cash 200 400 500
    Inventory 500 500 600
    Bicycle (net of depreciation) 300 300 300
    Accounts receivable

    Total assets 1000 1200 1400


    Liabiltiies & OE
    Capital (incl. Ret earnings) 1000 1200 1400
    Accounts payable

    Total liab. & OE 1000 1200 1400

    Revenues
    Sales revenue 500 500

    Total revenues 500 500


    Expenses
    COGS 300 300
    Depreciation
    Loss on sale of bicycle

    Total expenses 300 300


    Net Profit (@) 200 200

    ∆Cash: Closing cash - Opening cash ($) 200 100


    Diff between ∆cash & Net profit ($ - @) 0 -100
    Reasons for difference No difference Inc. in inventory
    3-Jan 4-Jan 5-Jan 6-Jan 7-Jan 8-Jan 9-Jan

    1500 1300 1700 2050 2350 2550 2750


    0 0 0 0 400
    300 280 0
    400 0

    1800

    200

    1000 400 350 800 600 200

    1000 400 350 800 600

    600 200 200 500 400


    20
    80

    600 200 200 500 420 80


    400 200 150 300 180 120

    1000 -200 400 350 300 200 200


    600 -400 400 200 0 20 80
    Inventory loss Credit sakes Credit realised account payable Dep Loss on Cycle
    Chemalite, Inc.
    Balance Sheet
    1st May and 30th June

    Asset 31 December 2004 31 December 2005


    Current Asset
    Cash
    Cash-in-hand 113000 9490
    Inventory - RM 55000 75450
    Inventory - Goods 104680

    Accounts Receivable

    Receivable 69500 139530


    Provision for Bad Debt

    Deposit to Octane

    Total Current Assets 237500 329150

    Non-Current Assets
    Prepaid Insurance 65000
    Land 250000
    Patent (10 years) 100000 75000
    Asset Purchase Value 125000 125000
    Accumulated Depriciation 25000 50000
    Equipment (5 year) 201875.0 1064000.0
    Asset Purchase Value 212500 1120000
    Accumulated Depriciation 10625.0 56000.0
    Insurance (1year)
    Asset Purchase Value
    Accumulated Depriciation
    Merchandise

    Total Non Current Assets 301875 1454000

    TOTAL 539375 1783150

    *Olymic Sales
    Chemalite, Inc.
    Balance Sheet
    t May and 30th June

    Liabilities 31 December 2004 31 December 2005


    Current Liabilities
    Accounts Payable
    Tax 9950
    Bank 200000
    Deffered Taxes 26730
    Notes 425000
    Dividends 12000

    Total Current Liabilities

    Non-Current Liabilities
    Debt 510000

    Total Non-Current Liabilities 1183680

    Owners Equity
    Paid In Capital 500000 500000
    Retained Earning 28475 125470
    Treasury Stock -26000
    Total Equity 528475 599470

    TOTAL 528475 1783150


    Chemalite, Inc.
    Income Statement
    1st May to 30th June

    Gain 24250
    Cash Sales 685000
    Credit Sales 69500
    Total Sales 754500 1910500

    COGS 195000 452700


    Gross Margin 559500 1457800

    Opertaing Expenses
    Salaries 80000 660000
    Rent 25000
    Depriciation 35625.0 86625.0
    R&D 63250
    Prototype 23750
    Utilities 350000 82000
    Advertise 22500 70000
    Interest 750 58750
    Insurance 32500
    Miscellaneous 7500 195750

    Total Operating Expenses 520125


    Operating Income 39375 183925

    Interests
    Dividends
    Income before Taxes 39375

    Taxes 10900 64930

    Net Income 28475 118995


    Chemalite, Inc. Chemalite, Inc.
    Cash flow Statement (Direct) Cash flow Statement (Indirect)
    1st May to 30th June 1st May to 30th June

    Sales Sales
    Cash Sales Cash Sales
    Rental Parking Rental Parking
    Total Sales Total Sales

    COGS COGS
    Gross Margin Gross Margin

    Opertaing Expenses Opertaing Expenses


    Salaries Salaries
    Rent Rent
    Depriciation Depriciation
    Cash Sales Cash Sales
    Advertisement Advertisement
    Utilities Utilities
    Rental Parking Rental Parking
    Evaporation Loss Evaporation Loss
    Bad Debt Bad Debt
    Miscellaneous Miscellaneous

    Total Operating Expenses Total Operating Expenses


    Operating Income Operating Income

    Interests Interests
    Dividends Dividends
    Income before Taxes Income before Taxes

    Taxes Taxes

    Net Income Net Income


    hemalite, Inc.
    Statement (Indirect)
    May to 30th June

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