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can i pls get help with trial balance, t-accounts, FIFO method Four Busincus Major Students have decided io start a busincss and opea an ice
can i pls get help with trial balance, t-accounts, FIFO method
Four Busincus Major Students have decided io start a busincss and opea an ice cream shop is the month of hanc. The students namet are Victoria, Iman, Jeannetse \& Danny. statcracnts fot each month GABYZAPATA, ANGFI, CINTINO Julk Trascactions 7a The company paid the monthly ren! 7/1 Paid on account for an ad in the local radio station for 5700 7/2 Paid the first instal iment dut for the purchase of the loe Cream Bquiponent (koal S4200) 7/5 Incurred 550 of freight cost, which they paid in cash Aft the inventory left over from June and purchised July was fully uslued in making the ice cream in July 7/15 Paid in full the Furnifure purchased od account in Jaine. 7/15 Paid in full the cost of the laptop 7/15 Paid in fult the cost of the Qoickilhocks soffware 7/30 Paid the salaries of the two employees for July 7/30 Collectod 57,000 in cash sales Instructions Requirment II: Jaly Financial Sratements \begin{tabular}{|r|l|l|l|} \hline 2 & \multicolumn{3}{|c|}{ July } \\ \hline 3 & \multicolumn{3}{|c|}{ Trial Balance } \\ \hline 4 & Account Name & Debit & Credit \\ 5 & Cash & & \\ 6 & Merchandise Inventory & & \\ 7 & Shop equipment & & \\ 8 & Office Furniture & & \\ 9 & Office Equipment & & \\ 10 & Salary Wages & & \\ 11 & Cost of Goods Sold & & \\ 12 & Depreciation Expense & & \\ 13 & Rent Expense & & \\ 14 & Accounts Payable & & \\ \hline 15 & Sales revenue & & \\ 16 & Capital & & \\ 17 & Acc. Depreciation & & \\ \hline 18 & & & \\ \hline 19 & & & \\ \hline 20 & & & \\ \hline 21 & & & \\ \hline 22 & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multirow[t]{5}{*}{ 5-Jol } & Descriptien & Quantity is 1.8 & Price & Total Cest \\ \hline & Milk & & & 5 \\ \hline & Sugar & & & 5 \\ \hline & Cacae & & & 5 \\ \hline & Buner & & & 5 \\ \hline & & & & \\ \hline \multirow[t]{7}{*}{31Jut} & \multicolumn{4}{|c|}{ costapronoseng } \\ \hline & & & There lovention & \\ \hline & & 50.00 & hlyouler & \\ \hline & & & Frrivele Cent & \\ \hline & & 50.00 & \multicolumn{2}{|l|}{ Aviluble for Sale } \\ \hline & & 50.00 & \multicolumn{2}{|c|}{ Ending loventery Count } \\ \hline & & sen & \multicolumn{2}{|c|}{ Cont oir Goods Sold } \\ \hline \end{tabular} Step by Step Solution
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