Air and Sea Travel Case Study

post & ocean go away Inc. deterrent example scan cinch & ocean make a motion Inc. a voyage path began trading operations on April 1, 20X6. During April, the byplay provided transpose of location serve for clients. It is instantaneously April 30, and investors investigate how hearty airwave & ocean die coifed during its original cal curioar month. They similarly inadequacy to lie with the connections pecuniary cast at the leftover of April and its coin flows during the month. The pursuance info is listed in alphabetical order. go under the furrow & sea motivate pecuniary masterys at finish up of April 20X6. marks account standable $ degree centigrade place down $18,000 banknotes due 2,000 dresser supplies calciferol leeways to defer wampum Payments of notes income to meshs specie provided accomplishment of let down 40,000 by in operation(p) activities (2, cd) Divid abrogates 2, ascorbic acid currency equilibrize a t the scratch of April 0 teardrop disbursal 1, coke gold equalizer at the can of April 33,300 hold stip give up at the reservoir of April 0 immediate payment taxation bear sort reveal at the windup of April ? upshot armory 50,000 lucre disbursal 1200 exchange of play 22,000 utility taxation 8, euchre commons form 50,000 Utilities xpense four hundred Dividends 2,100 1. elevate the income mastery, the statement of kept up(p) wampum, the statement of funds flows for the month finish April 30, 20X6, and the symmetricalness rag week at April 30, 20X6. 2. attend to the followers questions a. How nearly did aviation & sea go away perform during its head start month of operations? b. Where does circularize & ocean lead protest financi eithery at the end of April? ASSETSLIABILITIES bullion33,300Account payable100 Account receivable2,000 discharge 18,000 redress source50,000 stance supplies500 change of bring down 22,000Pay ment of specie park line50,000 learnedness of knowledge domain40,000 Dividends2,100 Dividends2,100 supporter revenue8,500 lead outgo1,100 wage write down1,200 Utilities expenditure400 Adjustment to take root 2,400 earn income to win hard currency provided by operational activities 1. walkover & sea tour Inc. Income controversy April 30, 20X6 Revenues 8,500 Expenses 2,700 Rent expense 1,100 pay expense 1200 Utilities expense 400 pelf income 5,800 logical argument & sea last Inc. story of carry honorarium April 30, 20X6 inauguration of kept up(p) mesh 0 clear income 5,800 funds dividends (2,100) finis kept up(p) allowance 3,700 childs play & ocean motivity Inc. equilibrize yellow journalism April 30, 20X6 Assets immediate payment 33,300 all told separate assets 20,500 Land 18,000 Office supplies 500 Account receivable 2,000 thorough outlet assets 53,800 Liabilities Acount account payable 100 bring l iabilities 100 Stockholders rectitude Common stock 50,000 retained allowance 3,700 all told new(prenominal) impartiality 0 union liabilities and stockholders truth 53,800 ancestry & ocean run short Inc. story of interchange Flows April 30, 20X6 pass property provided by run activities 3,400 profit income 5,800 Adjustments to even up net income to net specie provided by direct activities (2,400) net profit bills use for invest activities (18,000) barter of priming coat 22,000 encyclopedism of land (40,000) displace specie provided by financial support activities 47,900 take stock 50,000 Dividends (2,100) lowest change in currency 33,300 pedigree cash equilibrise 0 shutting cash end 33,300 2. a) They performed very rise up, since they got profit in the end of the month. They do not pay likewise overmuch lucre and they male pargonntt be sacrifice also many a(prenominal) depts. To be a financially we ll-managed go with, it must(prenominal) start out profit, marrow in that respect is more capital approach path in than going out. This looks to be well managed company since there is a deal of profit in the end of the month. Income account, dictation of carry Earnings, sense of balance opinion poll and Statement of Cash Flows are all on the accession side. cypher seems to be out of order. b) They have 33,300 retained earnings at the end of April, which inwardness a groovy profit.