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I need new and unique answers, please. (Use your own words, don't copy and paste) , Please Use your keyboard (Don't use handwriting) Thank you..
I need new and unique answers, please. (Use your own words, don't copy and paste), Please Use your keyboard (Don't use handwriting) Thank you..
Question 1- The trial balance of Makkah Inc: Credit Debit 15,000 Account title Cash Account payable Retained earnings Total 10,000 5,000 15,000 15,000 Makkah, Inc., completed the following transactions during April 2016: a. Received $18,200 and issued ordinary shares. b. Purchased $200 office supplies on account. C. Paid $15,200 cash for land to use as a building site. d. Performed service for customers and received cash of $3,300. e. Paid $100 on accounts payable. f. Performed service for ShipEx on account totaling $2,100. g. Collected $1,000 from ShipEx on account. h. Paid the following expenses: salary, $1,200; rent, $600. Requirements 1. Record the transactions in the journal of Makkah, Inc and include a description for each entry. 2. After journalizing the transactions, post the entries to the ledger, using T-accounts. 3. Prepare the trial balance of Makkah Inc., at April 30, 2016. 4. How much are total assets, total liabilities, and total shareholders' equity on April 30Step by Step Solution
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