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You Are Not Alone Inc. (YANA) sells sophisticated custom designed security systems.
*A = Asset, L = Liability, E = Equity, R = Revenue. X = Expense, D = Dividend, UG = Unrealized Gain or Loss, GR = Realized Gain or Loss
C. Show the Financial Statement Impact from this transaction: What will be the Financial Statement impact of the TBG contract? Show accounts, amounts and any computations - you may need to post the journal entries prepared in B. above to ledger accounts to determine this information for Mr. McGee.
1. Six Months Ended june 30, 2018:
Balance Sheet (A=L+E):
Assets: 6000000
Liabilities:
Equity
Income Statement
Revenues
Expenses
Statement of Cash Flows
2. Six months Ended december 31, 2018:
Balance Sheet (A=L+E):
Assets:
Liabilities:
Equity:
Income Statement
Revenues
Expenses
Statement of Cash Flows
3. TWELVE months Ended december 31, 2019 (NOTE THIS IS FOR TWELVE MONTHS)
Balance Sheet (A=L+E):
Assets:
Liabilities:
Equity:
Income Statement
Revenues
Expenses
Statement of Cash Flows