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Speedy Trucking Company Income Statement Month Ended March 31, 200F

The document contains financial statements for Speedy Trucking Company for the month ending March 31, 200F including an income statement, statement of changes in owner's equity, balance sheet, and statement of cash flows.

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John Calvin
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2K views6 pages

Speedy Trucking Company Income Statement Month Ended March 31, 200F

The document contains financial statements for Speedy Trucking Company for the month ending March 31, 200F including an income statement, statement of changes in owner's equity, balance sheet, and statement of cash flows.

Uploaded by

John Calvin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Speedy Trucking Company

Income Statement
Month Ended March 31, 200F

Trucking Service Fees 145,500


Total Income 145,500
Less: Operating Expenses
Supplies Expense 3,150
Miscellaneous Expense 210
Salaries Expense 15,000
Gas & Oil Expenses 6,190
Tel. & Telegram Expense 1,250
Taxes & Licenses 4,010 29,810
NET INCOME 115,690
Speedy Trucking Company
Statement of Changes in Owner's Equity
Month Ended March 31, 200F

L. Ball Capital 280,000


Add: Net Income 115,690 115,690
Total 395,690
Less: L. Ball Drawring 10,000
Ending Capital 385,690
Speedy Trucking Compan
Balance Sheet
Month Ended March 31, 20

ASSETS
Current Assets:
Cash 18,540
Accounts Receivable 360
Total 18,900
Non-Current Asset:
Office Equipment 48,290
Furnitures & Fixtures 28,900
Tools 21,500
Truck 284,700 383,390
TOTAL ASSETS 402,290

LIABILITIES
Current Liabilities
Loan Payable 16,600
TOTAL LIABILITIES 16,600

OWNER'S EQUITY
L. Ball Capital 385,690
TOTAL LIABILITIES AND OWNER'S EQUITY 402,290
Speedy Trucking Company
Balance Sheet
Month Ended March 31, 200F

LIABILITIES
Current Liabilities
Loan Payable 16,600
TOTAL LIABILITIES 16,600

OWNER'S EQUITY
L. Ball Capital 385,690
TOTAL LIABILITIES AND OWNER'S EQUITY 402,290
Speedy Trucking Company
Statement of Cash Flow
Month Ended March 31, 200F

Operating Activities:
Trucking Service Fee 145,500
Receivable from employee -360
Miscellaneous Expense -210
Salaries Expense -15,000
Gas & Oil Expense -6,190
Tel. & Telegram Expense -1,250
Taxes & Licenses -4,010
Net Cash Flow from Operations
Investing Activities
Office Equipment -48,290
Furnitures & Fixtures -28,900
Tools -21,500
Truck -284,700
Supplies Expense -3,150
Net Cash Flow from Investing Activities
Financing Activities
Loan Payable 16,600
L. Ball Capital 280,000
L. Ball Drawing -10,000
Net Cash Flow from FInancing Activities
NET CASH FLOW
118,480

-386,540

286,600
18,540

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