Accounting Excel Sheets
Accounting Excel Sheets
Accounting Excel Sheets
Company's
Income statement
$ $
Service revenue 1,044,000
(-)Supplies (9,000)
Other income
Interest revenue 6,000 6,000
1,041,000
Administrative expenses
Salaries expenses 312,000
Insurance expense 30,000
Utilities expense 82,500 (424,500)
4,728,000 4,728,000
Accounts receivables
Prepaid insurance
receivables 1E+06
May June July August September
Receipts
Cash sales (50% in month) 10000 25000 31000 27500 30000
Credit sales: (30% in 2nd month) 6000 15000 18600 16500
(20% in 3rd month) 4000 10000 12400
Payments
Material purchases (75% in month) 11250 15000 22500 30000
Direct wages 4000 4000 4000 4000 4000
Production overheads 3000 3000 3000 3000 3000
Tax expenses 3000 3000 3000
Insurance expenses 10000