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credit - 50 000$ owner's personal fundings 10 000$ owner equity withdrawal (personal use) 1 000$ rent 500$ storage (inventory) 200$ depreciation 50$ electricity 100$
credit - 50 000$ |
owner's personal fundings 10 000$ |
owner equity withdrawal (personal use) 1 000$ |
rent 500$ |
storage (inventory) 200$ |
depreciation 50$ |
electricity 100$ |
water 100$ |
additional expenses 200$ |
wages 4000$ |
coupons (promotions) 1000$ |
advertising 5000$ |
extra money for the emplyees (stimulations) |
LLC establisment |
accounting expenses |
leva to usd transactions (money loss) |
equipment |
employee training costs |
delivery of the product (logistics) |
national or regional restrictions (money loss) |
order of packaging materials |
software expenses |
necessary tools |
paid vacation additional expenses |
money paid for the right to produce |
paying off credit |
company insurance |
cash sales |
credit sales |
consumables |
workers' insurance |
taxes paid |
The task is to come up with 40 different transactions of imaginary firm, I already did that. On the base of the transactions to create a table of T-accounts. Thats the task
Using of the transactions, present the T-accounts. You can imagine the cost of the transactions. You can use the image I attached as an example.
I have opened the question from the laptop and it is absolutely readable
Cash Debit Credit $10,000 $7,000 $5,200 $3,500 $1,200 $500 $800 $200 $2,000 $3,200 $10,800 $11,400 T-accounts Equity Revenue Trade receivables Inventories Equipment Rent expenses Fuel & energy General expenses Equity Trade payables Balance c/d Total Balance b/d Cash Cash Balance c/d Total Balance b/d Cash Trade payables COGS COGS Balance c/d Total Balance b/d $22,200 $10,800 Equity $10,000 $2,000 $8,000 $10,000 $10,000 $8,000 Inventories $3,500 $4,000 $2,700 $3,000 $1,800 $7,500 $7,500 $1,800 BUS220 AUBG S2020 Equipment Expenses Revenue T-accounts Trade payables Debit Credit $1,200 $1,200 $1,200 $1,200 $1,200 $500 $800 $200 $1,500 $7,000 $7,800 $14,800 $4,000 $3,200 $800 $4,000 $4,000 $800 $7,800 $5,200 $2,600 $7,800 $7,800 $2,600 $2,700 $3,000 $5,700 Cash Balance c/d Total Balance b/d Cash Cash Cash Income statement Cash Trade receivables Total Inventories Cash Balance c/d Total Balance b/d Revenue Cash Balance c/d Total Balance b/d Inventories Inventories Income statement Trade receivables COGS US220 AUBG 52020 Cash Debit Credit $10,000 $7,000 $5,200 $3,500 $1,200 $500 $800 $200 $2,000 $3,200 $10,800 $11,400 T-accounts Equity Revenue Trade receivables Inventories Equipment Rent expenses Fuel & energy General expenses Equity Trade payables Balance c/d Total Balance b/d Cash Cash Balance c/d Total Balance b/d Cash Trade payables COGS COGS Balance c/d Total Balance b/d $22,200 $10,800 Equity $10,000 $2,000 $8,000 $10,000 $10,000 $8,000 Inventories $3,500 $4,000 $2,700 $3,000 $1,800 $7,500 $7,500 $1,800 BUS220 AUBG S2020 Equipment Expenses Revenue T-accounts Trade payables Debit Credit $1,200 $1,200 $1,200 $1,200 $1,200 $500 $800 $200 $1,500 $7,000 $7,800 $14,800 $4,000 $3,200 $800 $4,000 $4,000 $800 $7,800 $5,200 $2,600 $7,800 $7,800 $2,600 $2,700 $3,000 $5,700 Cash Balance c/d Total Balance b/d Cash Cash Cash Income statement Cash Trade receivables Total Inventories Cash Balance c/d Total Balance b/d Revenue Cash Balance c/d Total Balance b/d Inventories Inventories Income statement Trade receivables COGS US220 AUBG 52020Step by Step Solution
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