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Help with creating a balance sheet, 5-line income statement, and income statement, with these entries. Transaction Contributed Capital Cash Debit Credit 200,000 200,000 12,000 Equipment
Help with creating a balance sheet, 5-line income statement, and income statement, with these entries.
Transaction Contributed Capital Cash Debit Credit 200,000 200,000 12,000 Equipment Accounts Payable 12,000 20,000 Cash Noncurrent Liablities: Loan Payable 20,000 Inventory 1A Inventory 1B Accounts Payable 15,000 32,000 47,000 6,000 SG&A Expense Cash 6,000 50,000 50,000 Accounts Recievable Sales COGS Inventory 7,500 7,500 Cash Sales COGS Inventory 160,000 160,000 12,800 12,800 7,000 SG&A Expense Cash 7,000 10,000 Accounts Recievable Cash 10,000Step by Step Solution
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