Basic Accounting

4e_-_11-16_template.xls

Activity Statement

PROBLEM 11-16

TEMPLATE

(Financial Statement)













	ARCH
	Activity Statement
	for the Year Ending December 31, Year 2

	Revenues and support
	Donation revenue
	Sales revenue
	Total revenues and support	$0

	Expenses:
	Grant Expense
	Cost of goods sold
	Wage expense
	Interest expense
	Bad debts
	Depreciation
	Total expenses	$0

	Increase/(Decrease) in net assets	$0


ARCH
Statement of Financial Position
as of December 31, Year 2 and Year 1
Assets			Liabilities & Net Assets
	Year 2	Year 1		Year 2	Year 1
Current assets			Liabilities
Cash			Current liabilities
Accounts receivable, net of estimated uncollectibles of $2,000 in Year 2			Accounts payable
			Wages payable
			Total current liab.	$0	$0
Pledges receivable
Inventory			Long-term liabilities
Total current assets	$0	$0	Notes payable
			Total long-term liab.	$0	$0
Long-term assets
Fixed assets			Total liabilities	$0	$0
Buildings & Equip., net
Total long-term assets	$0	$0	Net assets
			Unrestricted
			Temp. restricted
			Perm. restricted
			Total net assets	$0	$0


Total assets	$0	$0	Total equities	$0	$0


	ARCH
	Statement of Cash Flows
	for the Year Ending December 31, Year 2
	Cash flows from operating activities
	Decrease in unrestricted net assets
	Add expenses not requiring cash:
	Depreciation
	Bad Debts
	Other adjustments:
	Subtract the increase in accounts receivables
	Add the decrease in pledges receivable
	Subtract the increase in inventory
	Add the increase in wages payable
	Net cash from operating activities	$0

	Cash flows from investing activities
	Purchase of PPE
	Net cash used in investing activities	$0

	Cash flows from financing activities
	Borrowing with notes
	Net cash from financing activities	$0

	Net increase/(decrease) in cash	$0
	Cash, beginning of year
	Cash, end of year	$0

1) Strengths:

2) Concerns: