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Assume the DoganDogan Coffee Roasters Corp. ended the month of AugustAugust 20152015 with these data: LOADING... ( Requirement 1. Prepare the balance sheet of Dogan
Assume the DoganDogan Coffee Roasters Corp. ended the month of AugustAugust 20152015 with these data: LOADING... (
Requirement 1.
Prepare the balance sheet of Dogan Coffee Roasters Corp., for August31, 2015. First prepare the balance sheet header, then complete the assets section of the statement and finally complete the liabilities and stockholders' equity section of the statement.
Payments of cash: Acquisition of equipment 202,700 Cash balance, August 1, 2015 Dividends 2,000 Cash balance, August 31, 2015 5,500 Retained earnings Cash receipts: 20,000 1,800 20,000 202,700 7,400 8,800 275,100 August 1, 2015 0 ssuance (sale) of stock to owners Retained earnings Rent expense August 31, 2015 186,800 Common stock Utilities expense 5,600 Equipment Adjustments to reconcile net income Office supplies to net cash provided by operations 1,400 Accounts payable Salary expense 78,900 Service revenueStep by Step Solution
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