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i need help with this assignment. -5 0 0 General General Requirement Income Journal Trial Balance St Retained Ledger Statement Earnings Balance Sheet FS Impact
i need help with this assignment.
-5 0 0 General General Requirement Income Journal Trial Balance St Retained Ledger Statement Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements Immediately after each transaction is recorded. (Hint: You can check your answers by selecting the date on the trial balance tab.) The first 3 transactions are completed for you! Show less Transaction: Total Net Income Total Assets Liabilities Total Equity Where can you go to find each of your answers? income Balance sheet Balance sheet Balance sheet statement December 1 - Green Initiatives receives $46,000 cash $ 0 $ 0 46,000 $ $ 46,000 from John Ryan in exchange for common stock December 2- Pays $3,300 cash for supplies, 0 46,000 0 46,000 December 3 - Pays $30,000 cash for equipment. 46,000 46,000 December 4 - Purchases $8,350 of supplies on credit from a supplier December 5 - Provides consulting services and 5,000 immediately collects $5,000 cash. December 6 - Pays $1,800 cash for December rent 3,200 December 7. Pays $1,500 cash for employee salary 1.700 December 8. Provides consulting services of $2,400 and rents its test facilities for $1,100. The customer is billed $3,500 for these services, December 9 - Receives $3,500 cash from the client billed on December 8 December 10 - Pays CalTech Supply $1,700 cash toward the payable from December 4 December 11 - Green Initiatives pays $200 cash for dividends. December 12 - Receives $3,000 cash in advance of providing consulting services to a customer. 8,350 - December 12 - Receives $3,000 cash in advance of providing consulting services to a customer. December 13 - Pays $3,200 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. December 14 - Pays $920 cash for supplies. December 15 - Pays $1,105 cash for December utilities expense. December 16 - Pays $1,100 cash in employee salary for work performed in the latter part of December Balance Sheet FS Impact Step by Step Solution
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