Given the following information how do I complete the 10 column worksheet and a multi-step income statement?
BEACON LUMBER, MONTH OF DECEMBER Dec I Beacon purchases a general liability insurance policy for S1.200 Dec 1 Beacon purchases a forklift for S10,000, paying half in cash and half wi for Nov 30,2010 The term of the policy is one year, from Dec 1, 2009 through o Ping oundry year, 12% note. The forklift is a well made American Machine &Foros product, and it is expected to last for 10 years. Beacon purchases office equipment for $2,000, paying cash. The equipment has an expected life of 5 years Dec Beacon purchases 30,000 bd. ft. of lumber from BWLC for $27,000. Again, after reaching its credit limit it paid cash for the remaining amount Dec 3 On this day Beacon sent a check to pay for December's rent for the office trailer Dec 3 Dec 6 Beacon signs a contract with SCORE Construction to have a warehouse built Beacon will pay SCORE on its property. for the balance. Beacon pays $300 for three months of advertising on a web site. The ad The warehouse will cost $20,000. by issuing S10,000 worth of stock, paying $5,000 in cash and issuing an Dec 6 run from Dec 15, 2009 through March 15, 2010. Dec 6 The sister of investor #2 purchases the balance of investor #2's Beacon stock for $3,000 (see General Journal, Nov 15). Dec 7 Beacon pays the lawyer's bill received on Nov 4. Dec 15 Mark Peltz, a local sculptor, agrees to ren of I acre of land at the rear Beacon's lot to use as an outdoor The lease will start 15 on Dec 15,studio He pays $600 for 4 months rent. 20 by h BEACON LUMBER, MONTH OF DECEMBER Dec I Beacon purchases a general liability insurance policy for S1.200 Dec 1 Beacon purchases a forklift for S10,000, paying half in cash and half wi for Nov 30,2010 The term of the policy is one year, from Dec 1, 2009 through o Ping oundry year, 12% note. The forklift is a well made American Machine &Foros product, and it is expected to last for 10 years. Beacon purchases office equipment for $2,000, paying cash. The equipment has an expected life of 5 years Dec Beacon purchases 30,000 bd. ft. of lumber from BWLC for $27,000. Again, after reaching its credit limit it paid cash for the remaining amount Dec 3 On this day Beacon sent a check to pay for December's rent for the office trailer Dec 3 Dec 6 Beacon signs a contract with SCORE Construction to have a warehouse built Beacon will pay SCORE on its property. for the balance. Beacon pays $300 for three months of advertising on a web site. The ad The warehouse will cost $20,000. by issuing S10,000 worth of stock, paying $5,000 in cash and issuing an Dec 6 run from Dec 15, 2009 through March 15, 2010. Dec 6 The sister of investor #2 purchases the balance of investor #2's Beacon stock for $3,000 (see General Journal, Nov 15). Dec 7 Beacon pays the lawyer's bill received on Nov 4. Dec 15 Mark Peltz, a local sculptor, agrees to ren of I acre of land at the rear Beacon's lot to use as an outdoor The lease will start 15 on Dec 15,studio He pays $600 for 4 months rent. 20 by h
