Help, thank you
Caddy Shack Case planning to start up a Caddy Service at the lackson Country Club to operate during the months June, July and August. Ace will rent a small maintenance building from the country club for $700 nth and offer caddy services including caddy services and cant rentals. You are Ace's best friend and have been tasked with putting together financials for the first month. 1-Trandterred $as00 trom Ace's penional crecking ccount into the new business checking account for the business Paid rent expense of $700 to the country club Pad for rolfl supplies of $800 the rental of 25 regular pul goltf carts and 10gas powered carts for $1000 per month Pad $500 today and will pay the remaining $2500 nest month in lane. 7-Prchases supples ncluding gas, fur the gold carts on account at $600, Note that the country club is letting us soe gas in their tanis at no charge 15-Received $4150 in cash for services from lune 1-15 17-Paid cash to creditors on account of $600 20-Pad emaining rental due of $2500 on the carts 22-Purchased supplies, including gas, on account at S400 2s Acegted iOU's from customen on account totaling S00 28-Paid odd expesses of $350 30 , paid telephone and electric tch of S 140 e30-paid wagesofpert tme employees otse o e 30-Receved cash in payment of customer OU's on socount of $1200 ne 30- Determined the amount of supplies on hand at the end of une $1200 THE GENERAL LEDGER ACE CADDY SERVICE INCOME STATEMENT S0 $0 SERVICE REVENU ACE CADDY SERVICE THE GENERAL LEDGER INCOME STATEMENT THE MONTH ENDED JUNE 30, 2014 50 SERVICE REVENU $800 & ELECTRIC ExPENSE UPPLIES EXPENSE EXPENSES Is this new small business viable? What suggestions do you have for Ace? Caddy Shack Case planning to start up a Caddy Service at the lackson Country Club to operate during the months June, July and August. Ace will rent a small maintenance building from the country club for $700 nth and offer caddy services including caddy services and cant rentals. You are Ace's best friend and have been tasked with putting together financials for the first month. 1-Trandterred $as00 trom Ace's penional crecking ccount into the new business checking account for the business Paid rent expense of $700 to the country club Pad for rolfl supplies of $800 the rental of 25 regular pul goltf carts and 10gas powered carts for $1000 per month Pad $500 today and will pay the remaining $2500 nest month in lane. 7-Prchases supples ncluding gas, fur the gold carts on account at $600, Note that the country club is letting us soe gas in their tanis at no charge 15-Received $4150 in cash for services from lune 1-15 17-Paid cash to creditors on account of $600 20-Pad emaining rental due of $2500 on the carts 22-Purchased supplies, including gas, on account at S400 2s Acegted iOU's from customen on account totaling S00 28-Paid odd expesses of $350 30 , paid telephone and electric tch of S 140 e30-paid wagesofpert tme employees otse o e 30-Receved cash in payment of customer OU's on socount of $1200 ne 30- Determined the amount of supplies on hand at the end of une $1200 THE GENERAL LEDGER ACE CADDY SERVICE INCOME STATEMENT S0 $0 SERVICE REVENU ACE CADDY SERVICE THE GENERAL LEDGER INCOME STATEMENT THE MONTH ENDED JUNE 30, 2014 50 SERVICE REVENU $800 & ELECTRIC ExPENSE UPPLIES EXPENSE EXPENSES Is this new small business viable? What suggestions do you have for Ace
