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can someone please help. i need journal entries, T accounts, trial balance, income statement, balance sheet, and changes in stockolders statement. evin Bray nal Project
can someone please help. i need journal entries, T accounts, trial balance, income statement, balance sheet, and changes in stockolders statement.
evin Bray nal Project Accounting rofessor Haylon 1. Bray Enterprises year 1 2. Bray E, received 500,000 cash issued from stock a. Paid 100,000 cash to buy land b. Rent expense 30,000 for land c. Paid utility expense with cash 12,000 d. received 75,000 cash for services to customers e. recorded 10,000 of accrued salaries at the end of year 1 f. purchased supplies for 1,000 cash g. borrowed 50,000 for bank too invest into a science department h. provided services for 50,000 and collected 50,000 in cash i. purchased inventory for 15,000 cash j. Sold goods for 5,000 for 25,000 cash k. bought inventory for 20,000 cash I. provided 85,000 of cleaning services on account m. collected 75,000 cash on account receivable n. sold inventory goods for 5,000 for 20,000 cash o. transported goods for 500 p. Bray E, borrowed 75,000 from the bank to purchase lumber from a lumber company with a 4% discount q. Bray E, paid insurance expenses 1,000 cash r. Bray E earned 75,000 cash in revenue s. Paid 40,000 in operating expense t. Paid 15,000 to stock holders u. Sold a portion of land for 50,000 cash v. Cost of goods sold for the year was 200,000 w. Received 20,000 issued In common stock x. Collectled year 1 revenue for 150,000 form customersStep by Step Solution
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