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From the following transactions prepare joumal entries, ledger accounts, trial balance, income statement and a balance sheet. Jan 1st Started business with cash $10,000.
From the following transactions prepare joumal entries, ledger accounts, trial balance, income statement and a balance sheet. Jan 1st Started business with cash $10,000. Jan 2nd- Paid rent for 3 months totalling $3000.Rent per month is $1000. Jan 10th - Purchased inventory on credit from Rob $ 6000, 2/10,n/30. Jan 14th Paid full amount to Rob. Feb 15th Sales made on credit to Ravi $ 5000. Feb 20th-Received cash from Ravi $ 1000. March 30th- Closing inventory amounts to $ 1000. 3 months?
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