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Financial Statements
                   NetSolutions
                Income Statement
      For the Month Ended November 30, 2006

Fees earned                                $7,500
Operating expenses:
  Wages expense                   $2,125
  Rent expense                       800
  Supplies expense                   800
  Utilities expense                  450
  Miscellaneous expense              275
     Total operating expenses               4,450
Net income                                 $3,050




                                                    C1 - 1
Financial Statements
                   NetSolutions
                Income Statement
      For the Month Ended November 30, 2006

Fees earned                                $7,500
Operating expenses:
  Wages expense                   $2,125
  Rent expense                       800
  Supplies expense                   800
  Utilities expense                  450
  Miscellaneous expense              275
     Total operating expenses               4,450
Net income                                 $3,050




                                                    C1 - 2
Financial Statements
                   NetSolutions
                Income Statement
      For the Month Ended November 30, 2006

Fees earned                                $7,500
Operating expenses:
  Wages expense                   $2,125
  Rent expense                       800
  Supplies expense                   800
  Utilities expense                  450
  Miscellaneous expense              275
     Total operating expenses               4,450
Net income                                 $3,050




                                                    C1 - 3
Financial Statements
                   NetSolutions
                Income Statement
      For the Month Ended November 30, 2006

Fees earned                                $7,500
Operating expenses:
  Wages expense                   $2,125
  Rent expense                       800
  Supplies expense                   800
  Utilities expense                  450
  Miscellaneous expense              275
     Total operating expenses               4,450
Net income                                 $3,050




                                                    C1 - 4
Financial Statements

                   NetSolutions
            Statement of Owner’s Equity
      For the Month Ended November 30, 2006

Chris Clark, capital, November 1, 2006       $     0
Investment on November 1, 2006       $15,000
Net income for November                3,050
                                     $18,050
Less withdrawals                       2,000
Increase in owner’s equity                    16,050
Chris Clark, capital, November 30, 2006      $16,050




                                                       C1 - 5
Financial Statements

                   NetSolutions
            Statement of Owner’s Equity
      For the Month Ended November 30, 2006

Chris Clark, capital, November 1, 2006       $     0
Investment on November 1, 2006       $15,000
Net income for November                3,050
                                     $18,050
Less withdrawals                       2,000
Increase in owner’s equity                    16,050
Chris Clark, capital, November 30, 2006      $16,050




                                                       C1 - 6
Financial Statements

                   NetSolutions
            Statement of Owner’s Equity
      For the Month Ended November 30, 2006

Chris Clark, capital, November 1, 2006       $     0
Investment on November 1, 2006       $15,000
Net income for November                3,050
                                     $18,050
Less withdrawals                       2,000
Increase in owner’s equity                    16,050
Chris Clark, capital, November 30, 2006      $16,050




                                                       C1 - 7
Financial Statements

                   NetSolutions
            Statement of Owner’s Equity
      For the Month Ended November 30, 2006

Chris Clark, capital, November 1, 2006       $     0
Investment on November 1, 2006       $15,000
Net income for November                3,050
                                     $18,050
Less withdrawals                       2,000
Increase in owner’s equity                    16,050
Chris Clark, capital, November 30, 2006      $16,050




                                                       C1 - 8
Financial Statements

                   NetSolutions
            Statement of Owner’s Equity
      For the Month Ended November 30, 2006

Chris Clark, capital, November 1, 2006       $     0
Investment on November 1, 2006       $15,000
Net income for November                3,050
                                     $18,050
Less withdrawals                       2,000
Increase in owner’s equity                    16,050
Chris Clark, capital, November 30, 2006      $16,050




                                                       C1 - 9
Financial Statements
              NetSolutions
              Balance Sheet
            November 30, 2006

           Assets
Cash                      $5,900
Supplies                     550
Land                      10,000
  Total assets                     $16,450
          Liabilities
Accounts payable          $ 400
      Owner’s Equity
Chris Clark, capital      16,050
  Total liabilities and
  owner’s equity                   $16,450




                                             C1 - 10
Financial Statements
              NetSolutions
              Balance Sheet
            November 30, 2006

           Assets
Cash                      $5,900
Supplies                     550
Land                      10,000
  Total assets                     $16,450
          Liabilities
Accounts payable          $ 400
      Owner’s Equity
Chris Clark, capital      16,050
  Total liabilities and
  owner’s equity                   $16,450




                                             C1 - 11
Financial Statements
              NetSolutions
              Balance Sheet
            November 30, 2006

           Assets
Cash                      $5,900
Supplies                     550
Land                      10,000
  Total assets                     $16,450
          Liabilities
Accounts payable          $ 400
      Owner’s Equity
Chris Clark, capital      16,050
  Total liabilities and
  owner’s equity                   $16,450




                                             C1 - 12
Financial Statements
              NetSolutions
              Balance Sheet
            November 30, 2006

           Assets
Cash                      $5,900
Supplies                     550
Land                      10,000
  Total assets                     $16,450
          Liabilities
Accounts payable          $ 400
      Owner’s Equity
Chris Clark, capital      16,050
  Total liabilities and
  owner’s equity                   $16,450




                                             C1 - 13
Financial Statements
                      NetSolutions
                 Statement of Cash Flows
         For the Month Ended November 30, 2006

Cash flows from operating activities:
 Cash received from customers             $ 7,500
  Deduct cash payments for expenses
     and payments to creditors              4,600
 Net cash flow from operating activities            $ 2,900
Cash flows from investing activities:
  Cash payments for acquisition of land             (10,000 )
Cash flows from financing activities:
  Cash received as owner’s investment     $15,000
  Deduct cash withdrawal by owner           2,000
  Net cash flow from financing activities           13,000
Net cash flow and Nov. 30, 2006 cash balance        $5,900


                                                                C1 - 14
Financial Statements
                      NetSolutions
                 Statement of Cash Flows
         For the Month Ended November 30, 2006

Cash flows from operating activities:
 Cash received from customers             $ 7,500
  Deduct cash payments for expenses
     and payments to creditors              4,600
 Net cash flow from operating activities            $ 2,900
Cash flows from investing activities:
  Cash payments for acquisition of land             (10,000 )
Cash flows from financing activities:
  Cash received as owner’s investment     $15,000
  Deduct cash withdrawal by owner           2,000
  Net cash flow from financing activities           13,000
Net cash flow and Nov. 30, 2006 cash balance        $5,900


                                                                C1 - 15
Financial Statements
                      NetSolutions
                 Statement of Cash Flows
         For the Month Ended November 30, 2006

Cash flows from operating activities:
 Cash received from customers             $ 7,500
  Deduct cash payments for expenses
     and payments to creditors              4,600
 Net cash flow from operating activities            $ 2,900
Cash flows from investing activities:
  Cash payments for acquisition of land             (10,000 )
Cash flows from financing activities:
  Cash received as owner’s investment     $15,000
  Deduct cash withdrawal by owner           2,000
  Net cash flow from financing activities           13,000
Net cash flow and Nov. 30, 2006 cash balance        $5,900


                                                                C1 - 16
Financial Statements
                      NetSolutions
                 Statement of Cash Flows
         For the Month Ended November 30, 2006

Cash flows from operating activities:
 Cash received from customers             $ 7,500
  Deduct cash payments for expenses
     and payments to creditors              4,600
 Net cash flow from operating activities            $ 2,900
Cash flows from investing activities:
  Cash payments for acquisition of land             (10,000 )
Cash flows from financing activities:
  Cash received as owner’s investment     $15,000
  Deduct cash withdrawal by owner           2,000
  Net cash flow from financing activities           13,000
Net cash flow and Nov. 30, 2006 cash balance        $5,900


                                                                C1 - 17

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Pengantar akuntansi 1

  • 1. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006 Fees earned $7,500 Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450 Net income $3,050 C1 - 1
  • 2. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006 Fees earned $7,500 Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450 Net income $3,050 C1 - 2
  • 3. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006 Fees earned $7,500 Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450 Net income $3,050 C1 - 3
  • 4. Financial Statements NetSolutions Income Statement For the Month Ended November 30, 2006 Fees earned $7,500 Operating expenses: Wages expense $2,125 Rent expense 800 Supplies expense 800 Utilities expense 450 Miscellaneous expense 275 Total operating expenses 4,450 Net income $3,050 C1 - 4
  • 5. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006 Chris Clark, capital, November 1, 2006 $ 0 Investment on November 1, 2006 $15,000 Net income for November 3,050 $18,050 Less withdrawals 2,000 Increase in owner’s equity 16,050 Chris Clark, capital, November 30, 2006 $16,050 C1 - 5
  • 6. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006 Chris Clark, capital, November 1, 2006 $ 0 Investment on November 1, 2006 $15,000 Net income for November 3,050 $18,050 Less withdrawals 2,000 Increase in owner’s equity 16,050 Chris Clark, capital, November 30, 2006 $16,050 C1 - 6
  • 7. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006 Chris Clark, capital, November 1, 2006 $ 0 Investment on November 1, 2006 $15,000 Net income for November 3,050 $18,050 Less withdrawals 2,000 Increase in owner’s equity 16,050 Chris Clark, capital, November 30, 2006 $16,050 C1 - 7
  • 8. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006 Chris Clark, capital, November 1, 2006 $ 0 Investment on November 1, 2006 $15,000 Net income for November 3,050 $18,050 Less withdrawals 2,000 Increase in owner’s equity 16,050 Chris Clark, capital, November 30, 2006 $16,050 C1 - 8
  • 9. Financial Statements NetSolutions Statement of Owner’s Equity For the Month Ended November 30, 2006 Chris Clark, capital, November 1, 2006 $ 0 Investment on November 1, 2006 $15,000 Net income for November 3,050 $18,050 Less withdrawals 2,000 Increase in owner’s equity 16,050 Chris Clark, capital, November 30, 2006 $16,050 C1 - 9
  • 10. Financial Statements NetSolutions Balance Sheet November 30, 2006 Assets Cash $5,900 Supplies 550 Land 10,000 Total assets $16,450 Liabilities Accounts payable $ 400 Owner’s Equity Chris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 10
  • 11. Financial Statements NetSolutions Balance Sheet November 30, 2006 Assets Cash $5,900 Supplies 550 Land 10,000 Total assets $16,450 Liabilities Accounts payable $ 400 Owner’s Equity Chris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 11
  • 12. Financial Statements NetSolutions Balance Sheet November 30, 2006 Assets Cash $5,900 Supplies 550 Land 10,000 Total assets $16,450 Liabilities Accounts payable $ 400 Owner’s Equity Chris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 12
  • 13. Financial Statements NetSolutions Balance Sheet November 30, 2006 Assets Cash $5,900 Supplies 550 Land 10,000 Total assets $16,450 Liabilities Accounts payable $ 400 Owner’s Equity Chris Clark, capital 16,050 Total liabilities and owner’s equity $16,450 C1 - 13
  • 14. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006 Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900 Cash flows from investing activities: Cash payments for acquisition of land (10,000 ) Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000 Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 14
  • 15. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006 Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900 Cash flows from investing activities: Cash payments for acquisition of land (10,000 ) Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000 Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 15
  • 16. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006 Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900 Cash flows from investing activities: Cash payments for acquisition of land (10,000 ) Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000 Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 16
  • 17. Financial Statements NetSolutions Statement of Cash Flows For the Month Ended November 30, 2006 Cash flows from operating activities: Cash received from customers $ 7,500 Deduct cash payments for expenses and payments to creditors 4,600 Net cash flow from operating activities $ 2,900 Cash flows from investing activities: Cash payments for acquisition of land (10,000 ) Cash flows from financing activities: Cash received as owner’s investment $15,000 Deduct cash withdrawal by owner 2,000 Net cash flow from financing activities 13,000 Net cash flow and Nov. 30, 2006 cash balance $5,900 C1 - 17