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2 uestion umpamath corp started here to contra parte duhuru specific Prepare the Balance Sheut only data are hot given preparo: Qoournauntries as of March
2 uestion umpamath corp started here to contra parte duhuru specific Prepare the Balance Sheut only data are hot given preparo: Qoournauntries as of March 31, vero Prepare the balance shuut as of March 8/ A. on March 1, vear 3 monty contributes 490,000 for 10,000 shares or ou de B. on marcha 'Mannath borrows X-fun the bank at 14 interest rate erg The loan plus interest is due in Wiele monthus naked 02:04QBOR Rue gocen end paysahulle TODO Pinacotechetective on Martin d. Monmath buys sis, 00D of inventory on account Mermath SS S10K of the inventory for slik on account . collects all of its accounts receivable 9. pars for one half of the inventary purchard above m. Repairs $ 300 in cash wheno mode to the building (resoreria Vi The firm paid $950 for one year subscription to ski magazines.de of the magazines have been received to do the vj. on March 31st, the firm purchases a machine for 10,000 fraight of $475 and installation costs of $ 1500 Journal entries I credit A. mar 1 cash Dubit credit Accounts Payable, 57500 c 15h 7500 common Rock $10,000 Pald capital $10,000 Repairs op $300 in den of por cash 300 8. mar 31 Debit, credit cash STUJUUD U prepaid subs $150 nutas layadde cash 1100 Orele Romane per march 1 equip Anvelitory the 1812,125 Accounts Payong 15.000 Wormatore Accoults Receivato 12,000 Sales Revenue MOOD COST of Good Sold 1 Inventory cosh FIWOW Accounts TUNDU 10000 cash 10,000 ZASES CAS10510 TAVOTU $.000 Preparato Prepid SDK 130 equip $13,1 Toll Sels 34.16 Accounts Payable 67500 or Day 1 710,00 11,500 CONTO $10,000 DO 310000 2 min 6 10 1.000 12.000
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