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CrystalClear Pools Transaction Description Amount 1 Issued common stock $150,000 2 Bought pool supplies on credit $30,000 3 Paid for warehouse rent $5,000 4 Provided
CrystalClear Pools
Transaction | Description | Amount |
1 | Issued common stock | $150,000 |
2 | Bought pool supplies on credit | $30,000 |
3 | Paid for warehouse rent | $5,000 |
4 | Provided pool cleaning services on account | $40,000 |
5 | Paid wages | $20,000 |
6 | Received cash from customers | $35,000 |
7 | Paid for office supplies | $2,000 |
Requirement: Record transactions, post to the ledger, and prepare an income statement.
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