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Delta Enterprises provided the following transactions for the month of April. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume
Delta Enterprises provided the following transactions for the month of April. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume all transactions are exclusive of taxes. Use the following table format:
Date | Account Title | Debit ($) | Credit ($) |
Apr 1 | Cash | 250,000 | |
Apr 5 | Sales Revenue | 300,000 | |
Apr 10 | Rent Expense | 30,000 | |
Apr 15 | Accounts Payable | 60,000 | |
Apr 20 | Utilities Expense | 15,000 | |
Apr 25 | Salary Expense | 45,000 | |
Apr 30 | Depreciation Expense | 9,000 |
Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 20%.
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