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1st 3 are cash method, last 3 are accural please help ved Search Opben. 11 Dr Page Layout Formulas Data Review View Help Editing B
1st 3 are cash method, last 3 are accural please help
ved Search Opben. 11 Dr Page Layout Formulas Data Review View Help Editing B Share Comments B General . C D E H -) DEF Co. had the following transactions during the month: a. shareholder deposits $100,000 into ABC Co.'s bank account in exchange for common stock b. ABC Co. borrows $50,000 from the bank to finance operations C. ABC Co. received $15,000 for sales for services not yet to be provided d. ABC Co. received $5,000 for sales for services provided e. ABC Co. buys equipment for $2,500 f. ABC Co. sold $60,000 worth of products and services to customers on account MC pg. 2 Cash Income Stirnt. CASH Retained Earnings.CASH Balance Sheet.CASH Accrual treemne Stmt.ACCRUIAL WM G F M MacBook Air D E H g. at the beginning of the month ABC Co. paid 1 year of rent in advance; $36,000 cash paid h. ABC Co. signed a contract to build a parking garage on campus; construction will begin next year i. ABC Co. received $5,000 for sales for services provided j. customers from transaction (f) paid $20,000 towards their bill Prepare ABC's Income Statement from the data above. (Cash Method) Prepare a statement of Retained Earnings from the data above. (Cash Method) MCpg 2 Cash Income SuntCASH Retained Earnings.CASH Halance Sheet.CASH Accrual Income Sumt. ACCUAL Sheet G H j. customers from transaction (f) paid $20,000 towards their bill Prepare ABC's Income Statement from the data above. (Cash Method) Prepare a Statement of Retained Earnings from the data above. (Cash Method) Prepare a Balance Sheet for ABC Co. from the above data. (Cash Method) MCpg 2 Cash Income SL.CASH Retained Earnings.CASH Balance Sheet CASH Accrual Income SACCHUAL Give M 2) ABC Co. had the following transactions during the month: a. shareholder deposits $200,000 into ABC Co.'s bank account in exchange for common stock b. ABC Co. sold $220,000 worth of products and services to customers on account C. at the beginning of the month ABC Co. paid 1 year of insurance in advance; $48,000 cash paid d. ABC Co, takes out a $500,000 loan from the bank e. ABC Co. buys a building for $500,000 pe 1 MC DO 2 Cath Income Stret. CASH Retained Earnings CASH Balance Sheet CASH Accrual Income SCORIAL MacBook Air H f. ABC Co. paid cash dividends of $5,000 g. ABC Co. received $12,000 for sales for services provided h. ABC Co. pays the bank $5,000 for toward the loan in transaction (d) i. ABC Co. received $5,000 for sales for services not yet to be provided j. customers from transaction (b) paid $200,000 Adjustments al it's the end of the month, make the appropriate adjustments to any prepaids previously recorded MC p. 1 Gau Income SmCASH Retained Earrings.CAS Bacance Wheet.CASH Accrual Income SCACCHIAL Coments an 22 Buch active cash of $20,000 for services previously provided in transaction() General 19 w p3 G HUJUSTITEMS al it's the end of the month, make the appropriate adjustments to any prepaids previously recorded a2 company performed services from transaction (i) a3 received cash of $20,000 for services previously provided in transaction (b) Prepare ABC's Income Statement from the data above. (Accrual Method) Prepare the Statement of Retained Earnings from the data above. (Accrual Method) Prepare the Balance Sheet for ABC Co. from the above data. (Accrual Method) 1 MC2 Inca CASH Retained farning CASH Balance Sheet CASH Accrual Income SACOLA MacBook Air Step by Step Solution
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