Question
1Jack invested $7,000 cash & $6,000 worth of landscaping equipment in the company 1 Paid rent for three months in advance for garage space, $2,000.
1Jack invested $7,000 cash & $6,000 worth of landscaping equipment in the company
1 Paid rent for three months in advance for garage space, $2,000.
4Purchased office equipment on account from Ling Corp, $7,200.
6Purchase landscaping supplies for $700 cash.
8Collected $15,000 from landscaping local shopping centers.
12Jack White, Owner, withdrew $1,000 from the business for personal use.
20Landscaped North East Co. office space; payment not to be received until March, $5,000.
26Paid salaries to employees, $1,800
Adjustments are
landscaping supplies on hand $400
rent expired $600
depr on office equipment $210
depr on landscaping equipment $100
accrued salaries due not yet paid $190
for the income statement i got $15,680 and for the balance sheet i got two different answers and i know one of them is wrong. i got $32,370 for the asset side and $39,570 for the liability and owners equity side. i am trying to find out what i did wrong
28Paid Ling Corp, one-half the amount owed for equipment.
29Advertising bill received from Bush Co. but will not be paid until March, $900.
30Paid telephone bill, $210.
can you make the post closing trial balance and the income statement
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