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Assume the Giada Coffee Roasters Corp. ended the month of august 2019 with these data: Payments of cash: Acquisition of equipment $201,500 Cash balance, August
Assume the Giada Coffee Roasters Corp. ended the month of august 2019 with these data:
Payments of cash: | |||||
Acquisition of equipment | $201,500 | Cash balance, August 1, 2019 | $0 | ||
Dividends | 2,800 | Cash balance, August 31, 2019 | 5,300 | ||
Retained earnings | Cash receipts: | ||||
1-Aug-19 | ? | Issuance (sale) of stock to owners | 14,900 | ||
Retained earnings | Rent expense | 1,800 | |||
######## | ? | Common stock | 14,900 | ||
Utilities expense | 5,100 | Equipment | 201,500 | ||
Adjustments to reconcile net income | Office supplies | 7,400 | |||
to net cash provided by operations | 1,400 | Accounts payable | 8,800 | ||
Salary expense | 78,500 | Service revenue | 278,700 |
Revenue:
Expenses:
Net income (loss)
please also include assets and liabilities
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