BEING cOMFORTSABLE’

Income Statement            January    February    March    April    May    June    July    August    September    October    November    December        Year 1
Sales
Cost of Goods Sold
Gross margin

Bad Debt Expense
S & A Insurance Expense
(Over-) Underapplied Overhead
Advertising Expense
Sales and Admin Office Rent Expense
Sales Commissions Expense
Executive & Administrative Salary Expense
Total Selling & Admin Expenses
Operating Income (Loss)
Interest Expense – Bank Loans
Intrerest Expense – Bonds
Net Income (Loss)

Balance Sheet            January    February    March    April    May    June    July    August    September    October    November    December

Assets
Current Assets
Cash
Accounts Receivable
Allowance for Uncollectible Accounts
Direct Materials
Work In Process
Finished Goods
Prepaid Insurance
Prepaid Utilities
Total Current Assets

Plant, Property & Equipment
Machinery
Accumulated Depreciation – machinery
Total Plant, Property & Equipment
Total Assets

January    February    March    April    May    June    July    August    September    October    November    December
Liabilities
Current Liabilities
Accounts Payable – Trade
Insurance Payable
Utilities Payable
Advertising Payable
Factory Supervisors’ Salaries Payable
Sales Commissions Payable
Executive & Admin Salaries Payable
Interest Payable –  Bank Loans
Interest Payable – Bonds
Bank Loan Payable
Dividends Payable
Total Current Liabilities
Bonds Payable
Unamortized Discount / Premium
Total Liabilities

Shareholders’ Equity
Common Stock
Additional Paid in Capital
Retained earnings
Total Shareholders’ Equity
Total Liabilities and Shareholders’ Equity

Statement of Cash Flows            January    February    March    April    May    June    July    August    September    October    November    December        Year 1

Cash Provided by (Used for) Operating Activities
from customers
for direct materials
for direct labor
for indirect labor
for factory supervisors’ salaries
for insurance
for utilities
for factory rent
for advertising
for sales and office rent
for sales commissions
for executive and admin salaries
for interest on bank loans
Cash Provided by (Used for) Op Act

Cash Provided by (Used for) Investing Activities
for machinery
Cash Provided by (Used for) Inv Act

Cash Provided by (Used for) Financing Activities
from sale of common stock
from bank loans
from sale of bonds
for dividends
for loan repayment
Cash Provided by (Used for) Fin Act
Change in cash during the period
Cash, beginning balance
Cash, ending balance

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