How much cash do I have at the end of period 2, 3, and 4? Please...

How much cash do I have at the end of period 2, 3, and 4?

Please add calculations for each period.

Period	Debit or Credit	Value	Type	Account
0	Credit(+)	$1,500,000	Equity	Startup Capital
0	Debit(+)	$1,500,000	Asset	Cash
0	Debit(+)	$300,000	Asset	Property, Plant & Equipment
1	Debit(+)	$26,000	Expense	Operating Costs
1	Credit(-)	$26,000	Asset	Cash
1	Credit(+)	$126,114	Revenue	Revenue
1	Debit(+)	$126,114	Asset	Cash
1	Debit(+)	$240,000	Asset	Inventory
1	Credit(+)	$240,000	Asset	Cash
1	Debit(+)	$67,261	Expense	Cost of Goods Sold
1	Credit(-)	$67,261	Asset	Inventory
2	Debit(+)	$26,000	Expense	Operating Costs
2	Credit(-)	$26,000	Asset	Cash
2	Credit(+)	$473,886	Revenue	Revenue
2	Debit(+)	$473,886	Asset	Cash
2	Debit(+)	$90,000	Asset	Inventory
2	Credit(+)	$90,000	Asset	Cash
2	Debit(+)	$284,332	Expense	Cost of Goods Sold
2	Credit(-)	$284,332	Asset	Inventory
2	Debit(+)	$37,500	Expense	Loan Payment - Interest
2	Credit(-)	$37,500	Asset	Cash
2	Debit(+)	$250,000	Liability	Loan Payment - Principal
2	Credit(-)	$250,000	Asset	Cash
2	Debit(+)	$40,000	Expense	Other Costs
2	Credit(-)	$40,000	Asset	Cash
2	Debit(+)	$6,000	Expense	Market Research Costs
2	Credit(-)	$6,000	Asset	Cash
2	Debit(+)	$2,500	Expense	Sales Promotion - OKC
2	Credit(-)	$2,500	Asset	Cash
2	Debit(+)	$2,500	Expense	Sales Promotion - Tulsa
2	Credit(-)	$2,500	Asset	Cash
2	Debit(+)	$2,500	Expense	Sales Promotion - Stillwater
2	Credit(-)	$2,500	Asset	Cash
2	Debit(+)	$2,500	Expense	Product Line Brand - OKC
2	Credit(-)	$2,500	Asset	Cash
2	Debit(+)	$2,500	Expense	Product Line Brand - Tulsa
2	Credit(-)	$2,500	Asset	Cash
2	Debit(+)	$2,500	Expense	Product Line Brand - Stillwater
2	Credit(-)	$2,500	Asset	Cash
3	Debit(+)	$26,000	Expense	Operating Costs
3	Credit(-)	$26,000	Asset	Cash
3	Credit(+)	$799,731	Revenue	Revenue
3	Debit(+)	$799,731	Asset	Cash
3	Debit(+)	$682,500	Asset	Inventory
3	Credit(+)	$682,500	Asset	Cash
3	Debit(+)	$559,812	Expense	Cost of Goods Sold
3	Credit(-)	$559,812	Asset	Inventory
3	Debit(+)	$1,500	Expense	Market Research Costs
3	Credit(-)	$1,500	Asset	Cash
3	Debit(+)	$2,500	Expense	Research & Development - Flavor Varieties
3	Credit(-)	$2,500	Asset	Cash
3	Debit(+)	$5,000	Expense	Research & Development - Ingredient Quality
3	Credit(-)	$5,000	Asset	Cash
3	Debit(+)	$15,000	Expense	Research & Development - Update Equipment
3	Credit(-)	$15,000	Asset	Cash
3	Debit(+)	$3,750	Expense	Sales Promotion - OKC
3	Credit(-)	$3,750	Asset	Cash
3	Debit(+)	$2,500	Expense	Sales Promotion - Tulsa
3	Credit(-)	$2,500	Asset	Cash
3	Debit(+)	$5,000	Expense	Sales Promotion - Stillwater
3	Credit(-)	$5,000	Asset	Cash
3	Debit(+)	$3,750	Expense	Product Line Brand - OKC
3	Credit(-)	$3,750	Asset	Cash
3	Debit(+)	$2,500	Expense	Product Line Brand - Tulsa
3	Credit(-)	$2,500	Asset	Cash
3	Debit(+)	$5,000	Expense	Product Line Brand - Stillwater
3	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$26,000	Expense	Operating Costs
4	Credit(-)	$26,000	Asset	Cash
4	Credit(+)	$723,876	Revenue	Revenue
4	Debit(+)	$723,876	Asset	Cash
4	Debit(+)	$315,000	Asset	Inventory
4	Credit(+)	$315,000	Asset	Cash
4	Debit(+)	$381,945	Expense	Cost of Goods Sold
4	Credit(-)	$381,945	Asset	Inventory
4	Debit(+)	$1,500	Expense	Market Research Costs
4	Credit(-)	$1,500	Asset	Cash
4	Debit(+)	$2,500	Expense	Research & Development - Flavor Varieties
4	Credit(-)	$2,500	Asset	Cash
4	Debit(+)	$5,000	Expense	Research & Development - Ingredient Quality
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Sales Promotion - OKC
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Sales Promotion - Tulsa
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Sales Promotion - Stillwater
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Product Line Brand - OKC
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Product Line Brand - Tulsa
4	Credit(-)	$5,000	Asset	Cash
4	Debit(+)	$5,000	Expense	Product Line Brand - Stillwater
4	Credit(-)	$5,000	Asset	Cash

Expert Solution

Cash balance at the end of period 2,3,4:

For the period ended 2			For the period ended 3			For the period ended 4
0	Debit(+)	$1,500,000	Beginning	Debit	$1,369,500	Beginning	Debit	$1,414,231
1	Debit(+)	$126,114	3	Debit(+)	$799,731	4	Debit(+)	$723,876
2	Debit(+)	$473,886
Total Debit (i)		$2,100,000	Total Debit (i)		$2,169,231	Total Debit (i)		$2,138,107

1	Credit(-)	$26,000	3	Credit(-)	$26,000	4	Credit(-)	$26,000
1	Credit(+)	$240,000	3	Credit(+)	$682,500	4	Credit(+)	$315,000
2	Credit(-)	$26,000	3	Credit(-)	$1,500	4	Credit(-)	$1,500
2	Credit(+)	$90,000	3	Credit(-)	$2,500	4	Credit(-)	$2,500
2	Credit(-)	$37,500	3	Credit(-)	$5,000	4	Credit(-)	$5,000
2	Credit(-)	$250,000	3	Credit(-)	$15,000	4	Credit(-)	$5,000
2	Credit(-)	$40,000	3	Credit(-)	$3,750	4	Credit(-)	$5,000
2	Credit(-)	$6,000	3	Credit(-)	$2,500	4	Credit(-)	$5,000
2	Credit(-)	$2,500	3	Credit(-)	$5,000	4	Credit(-)	$5,000
2	Credit(-)	$2,500	3	Credit(-)	$3,750	4	Credit(-)	$5,000
2	Credit(-)	$2,500	3	Credit(-)	$2,500	4	Credit(-)	$5,000
2	Credit(-)	$2,500	3	Credit(-)	$5,000
2	Credit(-)	$2,500
2	Credit(-)	$2,500
Total Credit (ii)		$730,500	Total Credit (ii)		$755,000	Total Credit (ii)		$380,000

Balance at the end of perid 2 (i-ii)		$1,369,500	Balance at the end of perid 3 (i-ii)		$1,414,231	Balance at the end of perid 4 (i-ii)		$1,758,107

ekkarill92 answered 8 months ago

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