1. Issued capital stock for $25,000 2. Purchased a new building, paying $20,000 cash and issuing a note of $50,000. 3. Purchased $15,000 of inventory on account 4. Sold inventory costing $500 for $6,000 on account 5. Paid $10,000 for inventory purchased on account (from item3). 6. Collect $4,500 of accounts receivable (from item4). 7. Paid utility bills totaling $360 8. Sold a building from item 2 for $27,000, receiving $10,000 cash and a note for $17,000 (no gain or loss on the sale) 9. Paid salaries for $1,500. 10. Paid $2,000 cash dividends to stockholders. 11. Paid taxes for $200. Required: A. Record the above transactions in General Journal (Journal Entries) B. Record the transactions in General Ledger format (T-Accounts). C. Prepare a Trial Balance for XYZ Engineering Company. D. Prepare Income Statement E. Prepare Retained Earnings Statement F. Prepare Balance Sheet G. Prepare Cash Flow Statement Cash at the beginning of the year $15.000 Create 6 Comb Edit PC Reque Fill & s Po Export Organi Send f Comm Scan &

1. issued capitat stock for $25,000 2. Puchased a nerw bulaing, pajm $80000 cash and issuing a note of $50,000 3. Purchased 515,000 ct nuettocy on sccourt 4. Sold inventary costing $500 for $6,000on account. 4. Pad 5+0,000 for meventory purthass on account (trom item3). 6. Colect $500 of accours receivasle from temt? 7 Pad usty bla totaing $360. A Sold a buling fron teen 2 for 527,000 , receiving $10,000 cash and a note for $17,000, ino gain or loss on the ste) 9. Fad sarace to 51,500 . 10. Pad $2,000 can dindends to stocknodes. 11. Fad tares for $200 Required. A. Record the above transactons in General Joumal (Journal Entries) 8. Record the transactions in General Ledger format (T-Accounts). C. Prepare a Trial Balance for XYZZ Engineering Company. D. Prepare income Statement E. Prepare Retained Eamings Statement F. Prepare Balance Sheet 6. Propare Chah Flow Statement Cant at the Arginting of the year 515000