Java Realty

Statements of Financial Position

For the years ended December 31, 2019 and 2018
2018 2019
Current Assets
Cash 123,820.00 226,120.00
Accounts Receivable 34,200.00 59,150.00
Total Current Assets 158,020.00 285,270.00

Non-current Assets
Office Equipment 62,000.00 96,300.00
Accumulated Depreciation (6,200.00) (18,600.00)
Property, Plant and Equipment, Net 55,800.00 77,700.00
Total Non-current Assets 55,800.00 77,700.00
TOTAL ASSETS 213,820.00 362,970.00

Current Liabilities
Accounts Payable 56,820.00 94,940.00
Accrued Salaries 11,000.00 33,000.00
Total Current Liabilities 67,820.00 127,940.00

Non-current Liability
Notes Payable --- 45,000.00
Total Non-current Liabilities --- 45,000.00
TOTAL LIABILITIES 67,820.00 172,940.00

Owner's Equity
Java, Capital 120,000.00 146,000.00
Java, Withdrawal (10,300.00) (9,600.00)
Net Income 36,300.00 53,630.00
TOTAL OWNER'S EQUITY 146,000.00 190,030.00
TOTAL LIABILITIES AND OWNER'S 213,820.00 362,970.00
 Java Realty
Statements of Profit or Loss
For the years ended December 31, 2019 and 2018
Change 2018
Sales Commissions 65,800.00
102,300.00
24,950.00 Depreciation expense 6,200.00
127,250.00 Rental expense 7,000.00
Salaries expense 11,000.00
Utilities expense 1,480.00
34,300.00 Advertising expense 3,820.00
(12,400.00) Net Income 36,300.00
21,900.00
21,900.00
149,150.00

38,120.00
22,000.00
60,120.00

105,120.00

26,000.00

17,330.00
44,030.00
149,150.00
 Loss
, 2019 and 2018
2019
123,630.00

12,400.00
14,000.00
33,000.00
2,960.00
7,640.00
53,630.00
 Java Realty
Projected Statement of Cash Flows
For the year ending December 31, 2019

Cash, Beginning 123,820.00

Cash Flows from Operating Activities
Net Income 53,630.00
Adjustments:
Add: Depreciation Expense 12,400.00
Increase in Accounts Payable 38,120.00
Increase in Accrued Salaries 22,000.00
Deduct: Increase in Accounts Receivable (24,950.00)
Net cash flows from Operating Activities 101,200.00
Cash flows from Investing Activities
Deduct: Purchase of Property, Plant and Equipment (34,300.00)
Net cash flows from Investing Activities (34,300.00)
Cash flows from Financing Activities
Add: Increase in Notes Payable 45,000.00
Deduct: Increase in Drawings (9,600.00)
Net cash flows from Financing Activities 35,400.00
Cash, Ending 226,120.00