DNA Storage, Inc: Transaction Analysis of Assets, Liabilities

School: University of Notre Dame - Course: BUSINESS BBAKM - Subject: Accounting

DNA Storage, Inc. TRANSACTION ANALYSIS ASSETS [in $1,000] Cash (A)Trademark (A)Prepaid License (A)Materials (A) (1)35,000(3)6,000(2)5,000(3)6,000(17)5,500(6)7,000(18)8,700 (8)7,000(4)2,000(9)4,000 (13)19,500(5)6,0005,000 (16)400(6)7,000500 (7)6002,300 (10)3,000 (11)1,400 (12)500Machinery (A)Accounts Receivable (A) (15)525(5)5,500(19)1,100(13)3,500 3,500 4,400 LIABILITIES AND SHAREHOLDERS' EQUITY [in $1,000] Bank Loan (L)Accounts Payable (L)Common Stock - Paid in Capital (SE) (8)7,000(9)4,000(1)35,000 (2)5,000 7,0004,000 40,000 DNA Storage, Inc. TRANSACTION ANALYSIS
REVENUES AND EXPENSES [in $1,000] Revenue (R, SE)Materials Used (E, SE)General Expenses (E, SE)Salaries (E, SE) (13)23,000 (18)8,700(5)500(7)600 (10)3,000(11)1,400 Interest Income (R, SE)Interest Expense (E, SE)R&D Expense (E, SE)Depreciation (E, SE) (16)400(15)525(4)2,000(19)1,100 Advertising Expense (E, SE)License Fees (E, SE) (12)500(17)5,500
DNA Storage, Inc. INCOME STATEMENT [in $1,000] Revenues23,000 Expenses Materials Used8,700 Advertising500 General Expenses3,500 Salaries2,000 R&D Expense2,000 License Fees5,500 Depreciation1,100 Interest expense net of income125 Net Income (Loss)425

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