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EventNo.
= +Cash + A/R +
Prepaid.
Rent+ Supplies
+ Land = = A/P +
Unearned
Rev. +
Sal.
Payable +
Beg. Bal 0.0 0.0 0.0 0.0 + 0.0 0.0 = 0.0 +1 5.0 + 5.0 = 0.0 + 2 84.0 + 84.0 = 0.0 + 3 60.0 (60.0) + 0.0 = 0.0 +4 (10.0) + (10.0) = 0.0 + 5 (2.0) + (2.0) = 0.0 + 6 + 0.0 = 0.0 6.0 6.0 + 7 + 0.0 = 0.0 +
Total 53.0 24.0 0.0 0.0 + 0.0 77.0 = 0.0 0.0 6.0 6.0 + Check
0.0
EventNo.
= +Cash + A/R +
Prepaid.
Rent+ Supplies
+ Land = = A/P +
Unearned
Rev. +
Sal.
Payable +
Beg. Bal 53.0 24.0 0.0 0.0 + 0.0 77.0 = 0.0 0.0 6.0 6.0 + 1 (6.0) (6.0) (6.0) (6.0)2 (12.0) 12.0 0.0 0.03 18.0 18.0 18.0 18.04 (0.8) (0.8) 0.8 0.85 96.4 96.4 0.06 105.0 (105.0) 0.0 0.07 (32.0) + (32.0) = 0.0 + 8 + 0.0 = 21.0 21.0 + 9 (18.2) + (18.2) = (18.2) (18.2) +
10 (79.5) + 79.5 0.0 = 0.0 0.0 +11 (21.0) + (21.0) = 0.0 + 12 + 0.0 = 0.0 +
Total 6.5 15.4 12.0 0.0 + 79.5 113.4 = 3.6 18.0 0.0 21.6 + Check
19.4
ssets Liability
2011
2010
Total
Assets
Total
Liabil
ity
C
S
Total
Liabil
ity
C
S
BALANCE SHEET
Liability
Horizontal FBALANCE SHEET
ssets
Total
Assets
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2010 2011 2012Service Revenue 84.0$Operating Expenses (18.0)
Net Income 66.0$ -$ -$
2010 2011 2012Beginning Common Stock -$
Plus: Common Stock Issued 5.0
Ending Common Stock 5.0$ -$ -$
Beginning Retained Earnings -$Plus: Net Income 66.0Less: Dividends 0.0Ending Retained Earnings 66.0$ -$ -$Total Stockholders' Equity 71.0$ -$ -$
2010 2011 2012Assets
Cash 53.0$Accounts Receivable 24.0Supplies 0.0Prepaid Rent 0.0Land 0.0
Total Assets 77.0$ -$ -$
LiabilitiesAccounts Payable/Note Payable -$Unearned Revenue 0.0Salaries Payable 6.0
Total Liabilities 6.0$ -$ -$
Stockholders' EquityCommon Stock 5.0$
Retained Earnings 66.0Total Stockholders' Equity 71.0$ -$ -$Total Liabilities and Stockholders' Equity 77.0$ -$ -$
2010 2011 2012Cash Flows from Operating Activities
Cash Receipts from Customers 60.0
Cato Consultants
Canto Consultants
Income Statements
Statement of Cash Flows
For the Years Ended December 31
For the Years Ended December 31,
Cato ConsultantsBalance Sheets
As of December 31
Cato ConsultantsStatement of Changes in Stockholders' Equity
For the Years Ended December 31
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Cash Payments for Operating Expenses (12.0)Net Cash Flow from Operating Activities 48.0 0.0 0.0
Cash Flows for Investing ActivitiesCash Payment to Purchase Land 0.0 0.0 (9.0)
Cash Flows from Financing ActivitiesCash Receipts from Issuing Common Stock 5.0Cash Receipts from Borrowed Funds
Cash Payments to Reduce DebtCash Payments for DividendsNet Cash Flow from Financing Activities 5.0 0.0 0.0
Net Change in Cash 53.0 0.0 (9.0)Plus: Beginning Cash Balance 0.0Ending Cash Balance 53.0 0.0 (9.0)
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Cash Flows for Investing ActivitiesCash Payment to Purchase Land - (79,500)
Cash Flows from Financing ActivitiesCash Receipts from Issuing Common Stock 5,000 2,000Cash Payments for Dividends - (21,000)
Net Cash Flow from Financing Activities 5,000 (19,000)
Net Change in Cash #REF! #REF!
Plus: Beginning Cash Balance - 53,000Ending Cash Balance #REF! #REF!
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Cammeron 42.4$ 46.6$ 4.2$ 9.9%
Diller 9.9 12.8 2.9 29.3%
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EventNo.
= Liability +
Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA + IA
2010 Net Inc. - DividendsBeg. Bal + = + + - - = 0.0 +
1 + = + + - - = 0.0 + 2 + = + + - - = 0.0 + 3 + = + + - - = 0.0 + 4 + = + + - - = 0.0 + 5 + = + + - - = 0.0 + 6 + = + + - - = 0.0 + 7 + = + + - - = 0.0 +
Total 0.0 + 0.0 = 0.0 + 0.0 + 0.0 - 0.0 0.0 - 0.0 = 0.0 0.0 + Check 0.0 0.0 0.0
0.0EventNo.
= Liability +Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA + IA
2011 Net Inc. - DividendsBeg. Bal + 0.0 = + + - - = 0.0 +
1 + = + + - - = 0.0 + 2 + = + + - - = 0.0 + 3 + = + + - - = 0.0 + 4 + = + + - - = 0.0 + 5 + = + + - - = 0.0 + 6 + = + + - - = 0.0 + 7 + = + + - - = 0.0 +
Total 0.0 + 0.0 = 0.0 + 0.0 + 0.0 - 0.0 0.0 - 0.0 = 0.0 0.0 + Check 0.0 0.0 0.0
0.0
EventNo.
= Liability +Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA + IA
2012 Net Inc. - DividendsBeg. Bal + = + + - - = 0.0 +
1 + = + + - - = 0.0 + 2 + = + + - - = 0.0 + 3 + = + + - - = 0.0 + 4 + = + + - - = 0.0 + 5 + = + + - - = 0.0 + 6 + = + + - - = 0.0 + 7 + = + + - - = 0.0 +
Total 0.0 + 0.0 = 0.0 + 0.0 + 0.0 - 0.0 0.0 - 0.0 = 0.0 0.0 + Check 0.0 0.0 0.0
0.0
Ret. Earn.
Ret. Earn.
BALANCE SHEET IncomeStatementStatem
ssets Stockholders's Equity
Ret. Earn.
BALANCE SHEET IncomeStatementStatem
ssets Stockholders's Equity
Horizontal Financial Statements ModelBALANCE SHEET IncomeStatement
Statem
ssets Stockholders's Equity
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EventNo.
= Liability +Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA +
2010 Net Inc. - DividendsBeg. Bal + = + + 0.0 - - = 0.0 +
1 9.0 + = + 9.0 + 0.0 - - = 0.0 9.0 +2 5.0 + = 5.0 + + 0.0 - - = 0.0 5.0 +3 4.0 + = + + 4.0 - 4.0 - = 4.0 +4 (2.9) + = + + (2.9) - - 2.9 = (2.9) + 5 (0.5) + = + + 0.0 - 0.5 - = 0.0 (0.5) + 6 + = + + 0.0 - - = 0.0 +7 + = + + 0.0 - - = 0.0 +
Total 14.6 + 0.0 = 5.0 + 9.0 + 1.1 - 0.5 4.0 - 2.9 = 1.1 13.5 +Check 14.6 5.0 9.6
0.0EventNo.
= Liability +Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA +
2011 Net Inc. - DividendsBeg. Bal 14.6 + 0.0 = 5.0 + 9.0 + 1.1 - 0.5 - = 0.0 +
1 4.5 + = + 4.5 + 0.0 - - = 0.0 4.5 +2 (2.0) + = (2.0) + + 0.0 - - = 0.0 (2.0) + 3 6.7 + = + + 6.7 - 6.7 - = 6.7 +4 (4.3) + = + + (4.3) - - 4.3 = (4.3) + 5 (0.7) + = + + 0.0 - 0.7 - = 0.0 (0.7) + 6 + = + + 0.0 - - = 0.0 +7 + = + + 0.0 - - = 0.0 +
Total 18.8 + 0.0 = 3.0 + 13.5 + 3.5 - 1.2 6.7 - 4.3 = 2.4 1.8 +Check 18.8 3.0 15.8
0.0
EventNo.
= Liability +Cash + Land = Note.Payable + Com. Stk + Rev. - Exp. = Net Inc. FA +
2012 Net Inc. - DividendsBeg. Bal 18.8 + 0.0 = 3.0 + 13.5 + 3.5 - 1.2 - = 0.0 +
1 2.5 + = + 2.5 + 0.0 - - = 0.0 2.5 +2 1.0 + = 1.0 + + 0.0 - - = 0.0 1.0 +3 7.4 + = + + 7.4 - 7.4 - = 7.4 +4 (7.9) + = + + (7.9) - - 7.9 = (7.9) + 5 (0.3) + = + + 0.0 - 0.3 - = 0.0 (0.3) + 6 (9.0) + 9.0 = + + 0.0 - - = 0.0 +7 + = + + 0.0 - - = 0.0 +
Total 12.5 + 9.0 = 4.0 + 16.0 + 3.0 - 1.5 7.4 - 7.9 = (0.5) 3.2 +Check 21.5 4.0 17.5
0.0
Assets Stockholders's Equity
BALANCE SHEET IncomeStatementStat
ssets Stockholders's Equity
Ret. Earn.
Ret. Earn.
BALANCE SHEET IncomeStatementStat
Ret. Earn.
Horizontal Financial Statements ModelAssets Stockholders's Equity
BALANCE SHEET IncomeStatementStat
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2010 2011 2012Assets
Cash 14.6 18.8 12.5
Accounts Receivable 0.0
Supplies 0.0Prepaid Rent 0.0
Land 0.0 0.0 9.0
Total Assets 14.6 18.8 21.5
LiabilitiesAccounts Payable/Note Payable 5.0 3.0 4.0
Unearned Revenue 0.0Salaries Payable 0.0
Total Liabilities 5.0 3.0 4.0
Stockholders' EquityCommon Stock 9.0 13.5 16.0Retained Earnings 0.6 2.3 1.5
Total Stockholders' Equity 9.6 15.8 17.5Total Liabilities and Stockholders' Equity 14.6 18.8 21.5
As of December 31
Video Service CompanyBalance Sheets
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2010 2011 2012Service Revenue 4.0$ 6.7$ 7.4$Operating Expenses (2.9) (4.3) (7.9)
Net Income 1.1$ 2.4$ (0.5)$
Beginning Common Stock -$ 9.0$ 13.5$
Plus: Common Stock Issued 9.0 4.5 2.5
Ending Common Stock 9.0$ 13.5$ 16.0$
Beginning Retained Earnings -$ 0.6$ 2.3$Plus: Net Income 1.1 2.4 (0.5)Less: Dividends (0.5) (0.7) (0.3)
Ending Retained Earnings 0.6$ 2.3$ 1.5$Total Stockholders' Equity 9.6$ 15.8$ 17.5$
For the Years Ended December 31
Video Service CompanyIncome Statements
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2010 2011 2012Cash Flows from Operating Activities
Cash Receipts from Customers 4.0 6.7 7.4
Cash Payments for Operating Expenses (2.9) (4.3) (7.9)
Net Cash Flow from Operating Activities 1.1 2.4 (0.5)Cash Flows for Investing Activities
Cash Payment to Purchase Land 0.0 0.0 (9.0)
Cash Flows from Financing Activities
Cash Receipts from Issuing Common Stock 9.0 4.5 2.5Cash Receipts from Borrowed Funds 5.0 0.0 1.0Cash Payments to Reduce Debt (2.0) 0.0Cash Payments for Dividends (0.5) (0.7) (0.3)
Net Cash Flow from Financing Activities 13.5 1.8 3.2
Net Change in Cash 14.6 4.2 (6.3)Plus: Beginning Cash Balance 0.0 14.6 18.8
Ending Cash Balance 14.6 18.8 12.5
For the Years Ended December 31,
Video Service CompanyStatement of Cash Flows
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Cash Flows for Investing ActivitiesCash Payment to Purchase Land - (79,500)
Cash Flows from Financing ActivitiesCash Receipts from Issuing Common Stock 5,000 2,000Cash Payments for Dividends - (21,000)
Net Cash Flow from Financing Activities 5,000 (19,000)
Net Change in Cash #REF! #REF!
Plus: Beginning Cash Balance - 53,000Ending Cash Balance #REF! #REF!
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Cammeron 42.4$ 46.6$ 4.2$ 9.9%
Diller 9.9 12.8 2.9 29.3%