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Prepare the IS, the BS and the CF statement for DE

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Reference no: EM133117773

Question - John sets up DE company by contributing 150 cash to it2.DE buys an asset for 100 and pays in cash. The asset will have an useful life of 10 years3.DE buys goods for 100. 70 is paid in cash. The rest will be paid next period4.DE sells goods for 150. 100 is paid in cash. The rest will be paid next period5.DE gets a 3-year loan for 300. The interest rate on the loan is 10%. Prepare the IS, the BS and the CF statement for DE?

Reference no: EM133117773

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