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CASE ANALYSIS To: Dr. Peggy C. Wright From: NC Gold (Sherry Barton, David Bennett, Perry Priester, Richard Warren, Kimberly Wood) Subject: Case 4-1 PC Depot Date: 12/19/2007 In September, Barbara Thompson started PC Depot, a retail store for personal computers, with initial startup costs in the amount of $158,115 (Anthony, 2004, p.108). During the month various transactions occurred resulting in a net income for the month of September in the amount of $5,054. Financial transactions for the month of September have been recorded in the general journal, which also includes adjusting and closing entries. NC Gold has prepared the balance sheet and income statement for PC Depot for the month of September. A financial analysis of the balance sheet and income statement was conducted and areas of concern were identified. One area of concern for PC Depot is the amount of inventory they are carrying for a start up business. During the month of September, PC Depot purchased...


