Question
Could use some help making Finacial Statements( Income statement, Statement of Stockholders Equity, and classified balance sheet). Issued common stock for $7,000 cash. Paid $720
Could use some help making Finacial Statements( Income statement, Statement of Stockholders Equity, and classified balance sheet).
Issued common stock for $7,000 cash.
Paid $720 in advance for a one-year insurance policy.
Purchased equipment for $4,800 cash.
Purchased supplies for $500 on account from XYZ Company.
Provided services to customers for $5,800 cash.
Provided services to customer ABC Inc. on account for $3,100.
Received cash of $1,000 in advance from customers for services to be provided in January.
Paid $240 to XYZ company for the Dec 5 purchase on account.
Received $1,700 cash from customer ABC Inc., on account related to the Dec 16 transaction.
Paid $600 rent for the current month.
Paid salaries to employees $4,760 for work performed from Dec 1 to Dec 28.
Declared and paid cash dividends of $300 to stockholders.
Purchased land by signing a long-term note for $6,000.
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