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Ashoor spare parts Corporation opens a new Store on January 1, 2020. During the first month of operations, the following transactions occurred. 1 January, Ashoor
Ashoor spare parts Corporation opens a new Store on January 1, 2020. During the first month of operations, the following transactions occurred. 1" January, Ashoor spare parts Corporation issued common stock in exchange for $200,000 cash. 5th Received cash $3,000 for sailing Equipment to YUC Hotel Corporation. 61h Provide supplies $3,000 on account to Pepsico corporation. 6." Paid $10,000 cash to Master mobile corporation for install network has been performed. 22" Paid to C.A corporation for $3,000 which is $1,000 Cash and the renaming balance on account. 27" Paid salary for employees $5,000 Cash. 29th Paid dividends $3,500 Cash. Instructions 1- Journalize the transitions. 2- Prepare the ledger. 3- Prepare the trial balance. 4- Prepare Income statement. 5. Prepare retained earnings statement. 6- Prepare Balance sheet
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