ANT371H1 Study Guide - Cash Flow, Financial Statement, Income Statement
Document Summary
Use of the bse to record transactions, and preparation of financial statements. On july 1, 2003, tim, inc. started as a business entity. A summary of transactions through dec. 31, 2003 is presented below: stockholders invested ,000 in cash in the business, new computer equipment is purchased for ,000 in cash. Required: prepare a tabular analysis of the transactions by using the balance sheet equation (bse) through. Be sure to label your transactions: prepare the balance sheet as of december 31, 2003. From what part of the bse table did you get the information to prepare the balance sheet: prepare the income statement for the period from july 1, 2003 through december 31, 2003. From what part of the bse table did you get the information to prepare the income statement: how much cash flowed in and out of tim, inc. in the period from july 1, 2003 through december 31,
