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a-Owner invested $100,000 into his company. b-Purchased equipment for $10,000 on account. c-Bought goods for $5,000 in cash. d-Purchased a truck for the business for
a-Owner invested $100,000 into his company.
b-Purchased equipment for $10,000 on account.
c-Bought goods for $5,000 in cash.
d-Purchased a truck for the business for $15,000, Paid company phone bill $1,000, Paid company electric bill $500.
Required: Please prepare the transactions in T-account form. Prepare the income statement, statement of owners equity, and the balance sheet.
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