Essay About Kim Fuller And Personnel Computer

Bottle Grinding
CASE 1-2 KIM FULLER* – BOTTLE GRINDING COMPANY
Question 1
Accounting information Non-Accounting Information
1) Used truck 1) Grind machine workers
2) Truck drive 2) Accountant assistances – Zimmer
3) Trailers $ 65,000 3) Contracts with bottling companies
4) Grinding machine 4) Truck Driver
5) Personnel computer 5) Accounting Software Package
6) Warehouse $ 162,000
7) Siblings Investment $ 90,000
8) Mortgage loan $ 112,000
9) Fillers Savings $ 75,000
Question 2
Assets Liabilities
Cash* $ 50,000 Mortgage* $ 112,000
Equipment $ 65,000
Warehouse $ 162,000 Owners Equity
Paid-in Capital* $ 165,000
$ 277,000 $ 277,000
Note:
Cash* = Fullers Saving + Siblings Investment – Equipmnt Cost – Warehouse Depst
= $75,000 + $90,000 – $65,000 – $50,000
= $ 50,000
Mortgage*