Cash/Bank 146,654 Supplies 19,540 Discount Allowed 6,140 Auto Care - A/R 20,200 Fixtures 11,500 P&S Auto- A/R - Loan NBC 25,000 Big J Manufactures -A/P 9,680 CT LTD - A/P - Right way Manufactures -A/P - Discount Received 12,204 B. Speedy , Capital 150,000 Drawings 5,000 Service Revenue 106,150 Rent Expense 5,000 Wages Expense 16,000 Electricity Expense 1,500 Supplies Expense 71,500 303,034 303,034 Prepare an Income Statement for the month ended August 31st, the owner’s equity statement and a Balance Sheet as at that date

Cash P S00,000 July 1 Taxes & Licenses 82,000 200,000 42,000 6,000 5,000 30,000 3,000 July 1 Investment of the owner 3 cash sales 13 loan 2 Freight on the equipment 4 Rent expense 7 Cash purchases 9 Salaries 11 Drawing 12 Sales returns P 1,000 2,000 5,000 25,000 21,000 20,000 6,000 15,000 4,000 23,000 15 Collection of accounts 20 Purchase returns 29 Rental received 30 Cash sales 31 Sale of old equipment 15 Payment of account 22 Insurance 30 Salaries How much is the net casà flow from investing activities? (P 1,000) Ob (P 2.000) P 1,000 P 2,000

A/C Name Trial Balance   DR CR Cash        560,000   Accounts receivable    3,710,000   Allowance for bad debt          290,000 Merchandise Inventory    2,580,000   Store Supplies    1,300,000   Prepaid Insurance    2,775,000   Prepaid rent    1,000,000   Furniture    2,650,000   Accumulated deprecation-Furniture       2,080,000 Machinery    1,800,000   Accumulated depreciation- Machinery       1,328,141 Accounts payable          630,000 Salary payable     Interest payable     Unearned Sales revenue          800,000 Note Payable, long term       2,500,000 Patty Patterson, Capital       5,200,000 Patty Patterson, Withdrawals        280,000   Sales revenue    22,726,859 Sales discount    1,200,000   Sales returns and allowances        800,000   Cost of goods sold    8,100,000   Salaries expense…

Cash $      35,000   Accounts Receivable 65,000   Finished Goods 120,000   Work in Process 58,683   Materials 14,000   Building 580,000   Accum. Deprec.—Building   $      43,500 Factory Equipment 440,000   Accum. Deprec.—Factory Equipment   110,000 Office Equipment 90,000   Accum. Deprec.—Office Equipment   33,750 Accounts Payable   85,000 Notes Payable   100,000 Capital Stock   470,000 Retained Earnings   560,433      Total $1,402,683 $1,402,683   During the month of August, the following transactions took place: a. Purchased raw materials at a cost of $55,000 and general factory supplies at a cost of $18,000 on account.  (NOTE:  Materials account includes both materials and supplies.) b. Issued raw material to be used in production, costing $45,500, and miscellaneous factory supplies, $13,500. c. Recorded the payroll, the payment to the…