Name:____________________________
Based on Joe’s reports answer the following questions—
1. What is Joe’s equity as of 1/1/04?_____________as of 1/31/04______________?
2. Which report(s) did you find the above information on? ___________________
3. How much money did Joe make in January?________________
4. Which report did you find his earnings on?_________________
5. What was the total expenses for the month?________________
6. What was the total sales for the month?___________________
7. Which report gave you Joe’s expenses and sales?________________
8. How much money did Joe have in his checking account at the end of the month?
__________
9. Which report did you look at to find Joe’s checking account balance?
____________
10. Which report do you find the most beneficial and why?
__________________________________________________________________
__________________________________________________________________
_____________________________________________________________
Morgan Community College ABM 112 Unit 5
