Question
Zeta Enterprises has provided you with the following transactions for the month of June. Prepare the General Ledger accounts, Trial Balance, and Income Statement for
Zeta Enterprises has provided you with the following transactions for the month of June. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume all transactions are exclusive of taxes. Use the following table format:
Date | Account Title | Debit ($) | Credit ($) |
Jun 1 | Cash | 80,000 | |
Jun 5 | Sales Revenue | 90,000 | |
Jun 10 | Rent Expense | 10,000 | |
Jun 15 | Accounts Payable | 20,000 | |
Jun 20 | Utilities Expense | 4,000 | |
Jun 25 | Salary Expense | 15,000 | |
Jun 30 | Depreciation Expense | 2,500 |
Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 18%.
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