Essay About Dr Cash And Profit Plan

Dispensers Of California
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The profit plan will help Hynes and the investors know if the business is gaining as they
planned. If not, then this may give them a signal that problems exist so they should take
appropriate actions. The profit plan, if reasonable, can motivate them to reach their goals and objectives.
dr Cash
80,000.00
dr Patent 120,000.00
cr Capital Stock 200,000.00
dr Incorporation Cost 2,500.00
cr Cash
2,500.00
dr Equipment
85,000.00
cr Cash
85,000.00
dr Out of pocket cost
25,000.00
cr Cas
25,000.00
dr Component parts inventory (Raw Matls)
212,100.00
cr Cash
212,100.00
dr Cash
30,000.00
cr Bank loans
30,000.00
Loans will be repaid at the end of the year:
dr Bank loans
30,000.00
dr Interest Expense 500.00
cr Cash
30,500.00
dr Mfg Payroll (Work in process)145,000.00
cr Cash
145,000.00
dr Mfg cost (Work in process)
62,000.00
cr Cash
62,000.00
dr Selling, general, & administrative cost
63,000.00
cr Cash 63,000.00