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Help with these. As much as possible Please You and four friends decide to start a cookie resale company (a corporation) to finance your college
Help with these. As much as possible Please
You and four friends decide to start a cookie resale company (a corporation) to finance your college education at UAB. You purchase cookies and sell them to hungry UAB students. During September, The Cookie Company has the following transactions: September 1, 2019 - Owners invest $75.00 to start "The Cookie Company." September 2, 2019 - The Cookie Company borrows $50.00 from the bank. September 9, 2019 - The Cookie Company purchases $40.00 (cost) of cookies to sell. Pay $25.00 in cash and put the rest on credit. September 10, 2019 - Purchase $10.00 of supplies with cash. September 15, 2019-Spend $8.00 cash on advertising. September 20, 2019 - Sell $30.00 (cost) of cookies for $55.00 cash (sales price). September 25, 2019 - Pay $40.00 cash to purchase a bicycle. The bicycle will be used to deliver cookies. September 30, 2019 - At the end of the month, The Cookie Company has $4.00 of supplies remaining. The remaining cookies can be sold next month. 1. Prepare The Cookie Company general journal entries for the month of September using the perpetual inventory method. 2. Prepare t-accounts (ledger accounts). 3. Prepare an adjusted trial balance for The Cookie Company at September 30, 2019 4. Prepare closing entries for The Cookie Company on September 30, 2019 5. Prepare an Income Statement for The Cookie Company for September 2019. 6. Prepare a Statement of Retained Earnings for The Cookie Company for September 2019. 7. Prepare a Balance Sheet for The Cookie Company at September 30, 2019. 8. Prepare a statement of Cash Flows for The Cookie Company for September 2019Step by Step Solution
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