Richard Company started a consulting company in December 2011. Prepare the December 31, 2011 Balance Sheet. The following occurred in December.
criminologist Gwynn Nettler
August 15, 2017The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year.†Do you agree? Explain. If you agree, are there any other purposes that might also be important? If you don’t agree, what do you feel is the principal purpose then?
August 15, 2017Richard Company started a consulting company in December 2011. Prepare the December 31, 2011 Balance Sheet. The following occurred in December.
Richard Company started a consulting company in December 2011. Prepare the December 31, 2011 Balance Sheet. The following occurred in December.
. Acquired $40,000 cash by issuing common stock
. Borrowed $10,000 cash on December 1st on a note to the bank due May 31,
2012 at 12% APR
. Provided service to customers for $25,000 cash
. Paid $18,000 cash for all operating expense except the interest on the note
. Paid a cash dividend of $1,000 to stockholders
. Purchased a new equipment with cash at the after Christmas clearance sale for
$6,000
