Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2:02 O 4_5834431966006479802 Lion Ethiopia Tourism, Hotel and Business College Department: Front Office and F&B Supervision, Level-4 Competency: Prepare Financial Reports Assignment Type: Group for
2:02 O 4_5834431966006479802 Lion Ethiopia Tourism, Hotel and Business College Department: Front Office and F&B Supervision, Level-4 Competency: Prepare Financial Reports Assignment Type: Group for 3 students only Company name: Alibaba Hotel Share company Financial year: 2019 G.C Month: January 6. 1. On January 3, 2019, issues $20,000 shares of common stock for cash. 2. On January 5, 2019. purchases equipment on account for $3,500, payment due within the month. 3. On January 9, 2019, receives $4.000 cash in advance from customer for services not yet rendered. 4. On January 10, 2019, provides $5,500 in services to a customer who asks to be billed for the services. 5. On January 12, 2019, pays a $300 utility bill with cash. On January 14, 2019, distributed $100 cash in dividends to stockholders. 7. On January 17, 2019, receives $2,800 cash from a customer for services rendered 8. On January 18, 2019, paid in full, with cash, for the equipment purchase on January 5. 9. On January 20, 2019, paid $3,600 cash in salaries expense to employees. 10. On January 23, 2019, received cash payment in full from the customer on the January 10 transaction. 11. On January 27, 2019, provides $1.200 in services to a customer who asks to be billed for the services. 12. On January 30, 2019. purchases supplies on account for $500, payment due within three months. Required: DO Record the transaction 00 Summarise the transaction 00 Prepare financial reports for the end of the month You can submit by using: sihamahm79@gmail.com (e-mail address) Submitted date: 19/12/2013 E.C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started