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Check photos and answer (( Cash Basis method )) Make sure to answer the first page as well please ( Transactions page) DEF Co. had
Check photos and answer (( Cash Basis method )) Make sure to answer the first page as well please ( Transactions page) DEF Co. had the following transactions during the month: a. Individual deposited $250,000 into DEF Co.'s bank account in exchange for common stock b. received cash sales of $120,000 c. sales of $205.000 on account d. Co. paid dividends of $62,500 e cash sales to customers of $83,150 1. during the month. DEF Co. paid expenses of $45.000 g DEF Co. paid $60.000 today for 6 months of rent Prepare DEF's Income Statement from the data above. (Cash Method) Prepare a statement of Retained Earnings from the data above. (Cash Method) Prepare a Balance Sheet for DEF Co. from the above data. (Cash Method) 2) I DEF Co. decided to pay an additional $100.000 dividend, what would their ending retained earnings be after paying the additional dividends? Windows bu ndows all O D B C E F DEF Co. Income Statement For the Perlod Ending Jan 31, 2020 Revenue Total Revenue Expenses Total Expenses Net Income(Loss) ACH 00 D E F G H 1 J DEF Co. Statement of Retained Earnings For Period Ending Jan 31, 2020 Retained Earnings Jan. 1, 2019 Add: Less: Increase in Retained Earnings Retained Earnings Jan 31, 2019 24 E D F H DEF Co. Balance Sheet As of Jan 31, 2020 Assets Total Assets Liabilities Total Liablities Owner's Equity Total Owner's Equity Total Liabilities & Owner's Equity
Check photos and answer
(( Cash Basis method ))
Make sure to answer the first page as well please ( Transactions page)
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