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Hi. Here's the transaction problem together with the first adjusted trial balance, income statement, balance sheet, and changes in equity. Please help me in getting
Hi. Here's the transaction problem together with the first adjusted trial balance, income statement, balance sheet, and changes in equity. Please help me in getting the statement of cash flows, closing entries, and the post-closing trial balance. Thank you!! Correct me if I have input the wrong amount.
21 A1 A J M 1 2 4 5 6 7 + 3 100%S % * . .00 123- Default (Ca... - 11 B 1 ISABES Il y P OY [it] - . fix Milagros Marchombsar won a concession to rent our bicycles in the Rizal Park during the summer. During the month of August, Marohombsar completed the following transactions for her bicycle rental B E F G L N O P o R s U Milagros Marohombsar won a concession to rent our bicycles in the Rizal Park during the summer. During the month of August, Marohombsar completed the following transactions for her bicycle rental business: 2-Aug Began business by placing $120,000 in business checking account 3 Purchased supplies on account for $1500. 4 Purchased ten bicycles for $25,000, paying $13,000 down and agreed to pay the balance in 30 days. 5 Paid $31,000 in cash for a furnished container to store the bicycles and use for other operations. 6 Received $4,700 cash for rentals during first week of operations. 8 Paid $4,000 in cash for the cost of container) to place the container at the park entrance. 9 Hired a part-time assistant to help on weekends. 10 Paid a maintenance person $750 to clean the grounds. 12 Received $6500 in cash for rentals during the second week of operations. 16 Paid the assistant $560 for weekend work. 17 Paid supplies purchased on August 3. 18 Paid a $550 repair bill on bicycles. 20 Received $5,500 in cash for rentals during the third week of operations. 22 Paid the assistant $480 for weekend's work. 23 Billed an entity $1,100 for bicycle rentals for employees' outing, 25 Paid the $3,000 fee for August to Park Adn concession. 27 Received $4,100 in cash for rentals during the week. 29 Paid the assistant $560 for weekend's work. 30 Transferred $5,000 to personal checking count. . 10 11 12 13 15 16 17 19 20 21 100%. $ % . .00 123 Default (Ca... 18 BIG ES PO Y - > 31 H16 B E F G H 1 J K L 1 2 MAROHOMBSAR BIKE RENTAL ADJUSTED TRIAL BALANCE ACCOUNT TITLES PR DEBIT 3 CREDIT 4 5 5 + 7 80,400 1,100 1,500 25,000 35,000 8 9 10 Cash Accounts Receivable Supplies Bicycles Container Accounts Payable Marohombsar, Capital Rental Revenues Wages Expense Maintenance Expense Repair Expense Concession Fee Expense 11 12,000 115,000 21,900 12 13 14 15 1,600 750 550 3,000 148,900 16 17 148,900 18 19 20 100%S % 0 .00 123 Default (Ca... 11 BIS 19. Y.. E16 D E F G H 1. MAROHOMBSAR BIKE RENTAL STATEMENT OF CHANGES IN OWNER'S EQUITY 3 Marohombsar, Capital, Beg. Add: Net Profit Earned Marohombsar, Capital, End 115,000 16,000 131,000 D 7 10 11 12 13 74 15 15 17 18 19 20 21 23Step by Step Solution
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