Prepare a balance sheet and cash flow statement

Reference no: EM13257238

Prepare a Balance sheet, income statement, and cash flow statement for the data below?

2003 Data 2004 Data

Cash	$35,000		Cash	$50,000
Allowance for Doubtful Accounts		$10,000	Allowance for Doubtful Accounts		$15,000
Accounts Payable		50,000	Accounts Payable		50,000
Income Taxes Payable		3,000	Income Taxes Payable		5,000
Note Payable (Long Term) - Bank		25,000	Note Payable (Long Term) - Bank		20,000
Bad Debt Expense	13,000		Bad Debt Expense	15,000
Retained Earnings		25,000	Retained Earnings		47,000
Marketing Expenses	85,000		Marketing Expenses	75,000
Depreciation Expense	5,000		Depreciation Expense	6,000
Salaries Expense	345,000		Salaries Expense	355,000
Administrative Expenses	42,000		Administrative Expenses	35,000
Prepaid Expenses	5,000		Prepaid Expenses	10,000
Interest Expenses	3,000		Interest Expense	2,000
Property, Plant and Equipment	70,000		Property, Plant and Equipment	75,000
Accumulated Depreciation		5,000	Accumulated Depreciation	©Z&bx.øi5	11,000

Reference no: EM13257238

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