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hello,this 2 pics for the same question but it's too long can you answer it all please whithout the amount of share capital Question 3:
hello,this 2 pics for the same question but it's too long can you answer it all please
whithout the amount of share capital
Question 3: (7 Marks) Question no. 5: Grand Father (GF) Inc. has the following account balances on 31 December 2019. The year 2019 was the first year for the company. JD Cash 14000 Ordinary Shares - Capital ??????? service Revenue 9500 Salaries Expense 3000 Equipment 11000 Accounts Payable 26500 Supplies 18000 Note Payable 2000 Dividends 1500 Rent Expense 500 Requirements: 1-Prepare the Trial Balance for the year ended 31, December,2019 2-Prepare the Income Statement for the year ended 31, December,2019. 3- Prepare the Retained Earnings Statement for the year ended 31, December,2019 4-Prepare the Statement of Financial Position (Balance Sheet) as of December 31,2019 Grand Father (GF) Inc December 31, 2019 Trial Balance Account Name Debit Credit Grand Father (GF) Inc Income Statement for the year ended 31 of December,2019 Grand Father (GF) Inc Retained Earnings Statement for the year ended 31 of December,2019 Grand Father (GF) Inc Statement of Financial Position at December 31,2019 AssetsStep by Step Solution
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