Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1/1/19 STARTED COMPANY WITH $25000 IN CASH A STORE 1/2/19 BORROWED $150000 FROM HIS BROTHER 1/3/19 BARROWED $275000 FROM Citizens Bank 1/6/19 PAID $350000 DOLLAR

1/1/19 STARTED COMPANY WITH $25000 IN CASH A STORE

1/2/19 BORROWED $150000 FROM HIS BROTHER

1/3/19 BARROWED $275000 FROM Citizens Bank

1/6/19 PAID $350000 DOLLAR TO FIX UP THE BUILDING

1/6/BOUGHT $95000 IN INVENTORY

1/10/19 OPEN DOORS AND DID $8000 IN SALES AND HIRED A CLERK AT $20 AN HOUR. CLERK WORKS 40 HRS EVERY WEEK.

1/11/19 SALES 8000

1/1219 SALES 20000

1/14/19 SALES15000

1/15/sales 12000

1/16/sales 18000

1/16/19 paid employee worked 42 hours.

for the week do a general journal and t accounts

the inventory they have left if $34000 what is the cost of goods sold.

Do an income statement and balance sheet for my company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Future Of Audit Keeping Capital Markets Efficient

Authors: Keith Houghton, Christine Jubb, Michael Kend, Juliana Ng

1st Edition

1921666501, 978-1921666506

More Books

Students also viewed these Accounting questions

Question

2. Identify conflict triggers in yourself and others

Answered: 1 week ago