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31-Dec 31-Dec 31-Dec 202220232024 AR 45,000.0031,500.0060,000.00 INVENTORY...

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Accounting

31-Dec 31-Dec 31-Dec
202220232024
AR 45,000.0031,500.0060,000.00
INVENTORY 80,000.0060,000.0070,000.00
AP 26,000.0024,000.0032,000.00
PP&E 50,000.0060,000.0043,000.00
BANK LOANS 12,000.004,000.0016,000.00
CASH 40,000.00??
EQUITY 25,000.0040,000.0035,000.00
OTHER INFORMATION:
NET INCOME FOR THE YEAR 2023 WAS $50,000
DEPRECIATION FOR THE YEAR 2023 WAS $9000
NET INCOME FOR THE YEAR 2024 WAS A loss of $12,000
DEPRECIATION FOR THE YEAR 2024 WAS $14000
1) PREPARE A CASH FOR SATATEMENT FOR THE YEAR 2023
2) CALCULATE ENDING CASH BALANCE AT DEC 312023
3) PREPARE A CASH FOR SATATEMENT FOR THE YEAR 2024
4) CALCULATE ENDING CASH BALANCE AT DEC 312024

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