Title: Problem 1-5B
QA_Ori:
HalfLife Co.
Statement of Cash Flows
For Year Ended December 31, 2013
Cash used by operating activities
($3,000
)
Title: Problem 1-6B
QA_Ori:
ATV Company
Statement of Owner’s Equity
For Year Ended December 31, 2013
A.T. Vee, Capital, Dec. 31, 2012 $49,000
Title: Problem 1-7B
QA_Ori:
Parts 1 and 2
Assets = Liabilities + Equity
Date Cash +
Accounts
Receivabl
e
+Equipmen
t=Accounts
Payable +
H.
Nikolas,
Capital
–
H. Nikolas,
Withdrawa
ls
+Revenue
s–Expense
s
June 1 +
$130,000
= + $130,000
2 –
6,000
= – $6,000
4 + $2,400 = +
$2,400
25 +
7,900
– 7,900 =
5
0
Part 3
Holly’s Maintenance Co.
Income Statement
For Month Ended June 30
Revenues
Maintenance services revenue $16,925
Expenses
Holly’s Maintenance Co.
Statement of Owner’s Equity
For Month Ended June 30
H. Nikolas, Capital, June 1 $0
Add: Investment by owner 130,000
Holly’s Maintenance Co.
Balance Sheet
June 30
Assets Liabilities
Cash……………………………..$130,060 Accounts payable………………………..$ 0
Accounts receivable……….. 675 Equity
Equipment…………………….. 2,400 H. Nikolas, Capital……………………… 133,135
_______ _______
_
Total assets……………………$133,135 Total liabilities and equity……………..$133,135
Holly’s Maintenance Co.
Statement of Cash Flows
For Month Ended June 30
Cash flows from operating activities
