Net Solutions And Chekadee

TR Assets = Stockholder's equity

cash Land supplies account payable capital stock dividends fees earned wages rent misc utilities suplies

A $25,000.00 $25,000.00

B -$20,000.00 $20,000.00

C $1,350.00 $1,350.00

D $7,500.00 $7,500.00

E -$3,650.00 -$2,125.00 -$800.00 -$275.00 -$450.00

F -$950.00 -$950.00

G -$800.00 -$800.00

H -$2,000.00 -$2,000.00

$5,900.00 $20,000.00 $550.00 $400.00 $25,000.00 -$2,000.00 $7,500.00 -$2,125.00 -$800.00 -$275.00 -$450.00 -$800.00

$26,450.00 $26,450.00

difference $0.00

Retained Earnings

Revenue and expensive transactions

$3,050.00

Net Solutions

Income Statement

For the month ended November 30 2009

fees earned $7,500.00

Expenses

wages $2,125.00

rent $800.00

supplies $800.00

utilities $450.00

misc $275.00

Total expenses $4,450.00

NET INCOME $3,050.00

Net solutions

Retained earnings statement

for the month Ended November 30, 2009

Retained earnings nov 1, 2009 $- $70,000.00

Net income for november $3,050.00 net loss -1,000.00

Less dividends -$2,000.00 dividends -$21,000.00

Increase in retained earnings $1,050.00 decrease of retaining earnings -22,000.00

Retained earnings nov 30, 2009 $1,050.00 $48,000.00

Net solutions

Balance Sheet

for the month Ended November 30, 2009

Assets Liabilities

Cash $5,900.00 account payable 400

Land $20,000.00 $400.00

Supplies $550.00

Stock holder's equity

Capital stock 25000

retained earnings $1,050.00

$26,050.00

Total liabilities and

Total Assets $26,450.00 stockholder's equity $26,450.00

Net solutions

Statement of cash flows

for the month Ended November 30, 2009

Cash flow from operating Activities

c received from costumers $7,500.00

Net Cash flow from operating Activities $7,500.00

Cash flow from investing Activities

c payment for purchase lands -$20,000.00

payments for expenses and creditors -$4,600.00

Net Cash flow from investing Activities -$24,600.00

Cash flow from financing Activities

c received from issuing stock $25,000.00

deduc cash dividends -$2,000.00

Net Cash flow from financing Activities $23,000.00

Net Cash flow and november 30, 2009, cash balance $5,900.00

Accounts payable $12,200.00 Miscellaneus expenses $12,950.00

Accouns recivable $31,350.00 Office expense $63,000.00

Cash $53,050.00 Supplies $3,350.00

Fees earned $263,200.00 Wages expenses $131,700.00

land $80,000.00

...