Give its worksheet, balance sheet, income statement, statement if changes in equity, and cash flow Dipolog Rice MillTrial BalanceAccount TitlesDebit (P)Credit (P)Cash in Bank76,200Petty Cash FundAccounts ReceivableAdvances to EmployeesDiesoline Inventory50033,00015,000Satake Rice Mill950,000Furniture & FixturesAccounts PayableUnearned Milling IncomeE. Esparaguera, CapitalE. Esparaguera, DrawingsMilling Income80,0007,0001,130,0008,00052,000Salaries & Wages15,000Taxes & LicensesRepairs & MaintenanceLight and Water2,8005008,000Totals1,189,0001,189,000

Financial statement means the statement including income statement , balance sheet , cash flow…

Answered: Give its worksheet, balance sheet,…

Business

Accounting

Give its worksheet, balance sheet, income statement

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Give its worksheet, balance sheet, income statement, statement if changes in equity, and cash flow

Dipolog Rice Mill
Trial Balance
Account Titles
Debit (P)
Credit (P)
Cash in Bank
76,200
Petty Cash Fund
Accounts Receivable
Advances to Employees
Diesoline Inventory
500
33,000
15,000
Satake Rice Mill
950,000
Furniture & Fixtures
Accounts Payable
Unearned Milling Income
E. Esparaguera, Capital
E. Esparaguera, Drawings
Milling Income
80,000
7,000
1,130,000
8,000
52,000
Salaries & Wages
15,000
Taxes & Licenses
Repairs & Maintenance
Light and Water
2,800
500
8,000
Totals
1,189,000
1,189,000

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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Noor started her business on June 1, 2020. Noor Trial Balance August 31, 2020 SL Particulars Debit Credit 1 Cash 55,600 2 Supplies 16,300 3 Prepaid Insurance 16,000 4 Land 22,000 5 Cottages 5,000 Furniture 26,000 7 Account Payable 16,500 8 Unearned Rent 10,400 Mortgage Payable 10,000 10 Сapital 70,000 11 Drawing 5,000 12 Rent Revenue 57,000 13 Repair Expense 3,600 14 Salaries Expense 5,000 15 Utility Expense 9,400 ТОTAL 163,900 163,900 Other information: (1) End of August 31 the balance of prepaid insurance is Tk. 1600 (2) Supplies used during the period Tk. 800 (3) Furniture has 6 years life with no salvage value and cost is Tk 26000 [formula: Depreciation = (cost - salvage value) / lifetime] (4) Balance of unearned revenue is 700 at the end of August 31.