Laura Geller started her own consulting firm, Geller Consulting, on May 1, 2008. The following transactions occurred
Question:
Laura Geller started her own consulting firm, Geller Consulting, on May 1, 2008. The following transactions occurred during the month of May.
Instructions
(a) Show the effects of the previous transactions on the accounting equation using the following format
Include explanations for any changes in the L. Geller, Capital account in your analysis.
(b) Prepare an income statement for the month of May.
(c) Prepare a balance sheet at May 31, 2008.
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Related Book For
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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