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create all finance statements. please show corresponding for each journal. 4 George starts a new business (candle-making!), and engages in the following transactions. 5 1/1/2017)

create all finance statements. please show corresponding for each journal. image text in transcribed
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4 George starts a new business (candle-making!), and engages in the following transactions. 5 1/1/2017) Issued common stock to our new owners for $100,000. 6 1/1/2017) Borrowed $100,000 from a bank. Agreed to pay the bank $136,000 at the end of three years. 7 1/1/2017) Purchased land for our store for $80,000. 8 1/1/2017) Purchased a building for $40,000. Expect it to last 20 years. 9 1/1/2017) Accepted payment of $9,000 from a customer for candle display consulting over the next 3 years. 10 12/10/2017) Purchased candles for $30,000, on account. 11 12/20/2017) Sold 1/3 of our candles for $60,000 -- half on account, half for cash. 12 12/30/2017) Sold 1/2 of our land for $60,000. 13 12/31/2017) Paid our employee $35,000 for work done in 2017 14 12/31/2017) Declared and paid a $10,000 dividend to our stockholders. 15 Exercise: Create the financial statements at the end of 2017. Exercise: Create the financial statements at the end of 2017. George's Balance Sheet at the End of 2017 George's 2017 Income Statement ASSETS Current Assets: Total Current Assets Eized Assets: Net Income George's 2017 Statement of Retained Earnings Total Fixed Assets Total Assets LIABILITIES Current Liabilities: George's 2017 Statement of Cash Flows Beginning Cash Balance Operating Activities: Total Liabilities STOCKHOLDERS' EQUITY Einancing Activities: Total Stockholders' Equity Total Liabilities & Stkhidrs' Equity Investing Activities: Ending Cash Balance

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