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Hialeah Skateboard Corporation Hialeah Skateboard Corporation Income Statement For the Month Ending Jan 3 1 , 2 0 2 2 Revenue: Less Expenses: Hialeah Skateboard
Hialeah Skateboard Corporation Hialeah Skateboard Corporation Income Statement For the Month Ending Jan Revenue: Less Expenses: Hialeah Skateboard Corporation Balance Sheet January Assets: Total Assets Liabilities: Owner's Equity: Common Stock Retained Earnings Trial Balance YTD December Journalize the following transactions using accounts that occurred during January Make sure to show your work Points Bought merchandise from Jimbo Co $ FOB destination, Invoice dated Bought an automated pallet moving system for the warehouse at a cost of $ with a useful life of years and residual value of $ depreciated using the double declining method Paid Shipping charges of $ relating to the purchase Paid Jimbo Co for invoice from Jan st Sold merchandise to Fred Co for $ under credit terms N FOB Shipping point, Invoice dated January th The merchandise cost of $ Paid $ cash for shipping charges related to the January th sale to Fred Co Fred Co returned merchandis from the Jan th sale having a cost of $ and was sold for $ Merchandise was rtestored in inventory Received balance from Fred Co Company for the Jan th sale The equipment which was on the books in our beginning trial balance was sold off for $On the books at $ for the asset, and $ Accum Depreciation Create an Income statement for the month ending in January and a Balance sheet as of January Points
Hialeah Skateboard Corporation Hialeah Skateboard Corporation
Income Statement
For the Month Ending Jan
Revenue:
Less Expenses: Hialeah Skateboard Corporation
Balance Sheet
January
Assets:
Total Assets
Liabilities:
Owner's Equity:
Common Stock
Retained Earnings
Trial Balance
YTD December
Journalize the following transactions using accounts that occurred during January Make sure to show your work Points
Bought merchandise from Jimbo Co $ FOB destination, Invoice dated
Bought an automated pallet moving system for the warehouse at a cost of $ with a useful life of years and residual value of $ depreciated using the double declining method
Paid Shipping charges of $ relating to the purchase
Paid Jimbo Co for invoice from Jan st
Sold merchandise to Fred Co for $ under credit terms N FOB Shipping point, Invoice dated January th The merchandise cost of $
Paid $ cash for shipping charges related to the January th sale to Fred Co
Fred Co returned merchandis from the Jan th sale having a cost of $ and was sold for $ Merchandise was rtestored in inventory
Received balance from Fred Co Company for the Jan th sale
The equipment which was on the books in our beginning trial balance was sold off for $On the books at $ for the asset, and $ Accum Depreciation
Create an Income statement for the month ending in January and a Balance sheet as of January Points
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