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I need to make a balance sheet, income statement, and cash flow statement. Chapter 3 Accrual Basis of Accounting PROBLEMS-SET A P3-IA. Transaction Entries, Posting,
I need to make a balance sheet, income statement, and cash flow statement. Chapter 3 Accrual Basis of Accounting PROBLEMS-SET A P3-IA. Transaction Entries, Posting, Trial Balance, and Adjusting Entries Mark Ladd opened Ladd Lo3 Roofing Service on April 1. Transactions for April are as follows: April 1 Ladd contrib uted $13,500 of his personal fund, in exchange for common stock to begin the business. 2 Purchased a used truck for $6,100 cash. 3 Purchased ladders and other equipment for a total of $3,100, paid $1,000 cash, with the balance due in 30 days 4 Paid two-year premium on liability insurance, $3,000 5 Purchased supplies on account, $1,200. 6 Received an advance payment of $1,800 from a customer for roof repair work to be done during April and May. 7 Billed customers for roofing services, $5,500. 8 Collected $6,500 on account from customers. 9 Paid bill for truck fuel used in April, s75. 9 10 Paid April newspaper advertising, $100. 1 Paid assistants' wages, $4,500. 12 Billed customers for roofing services, $5,000. Chapter 3 Accrual Basis of Accounting PROBLEMS-SET A P3-IA. Transaction Entries, Posting, Trial Balance, and Adjusting Entries Mark Ladd opened Ladd Lo3 Roofing Service on April 1. Transactions for April are as follows: April 1 Ladd contrib uted $13,500 of his personal fund, in exchange for common stock to begin the business. 2 Purchased a used truck for $6,100 cash. 3 Purchased ladders and other equipment for a total of $3,100, paid $1,000 cash, with the balance due in 30 days 4 Paid two-year premium on liability insurance, $3,000 5 Purchased supplies on account, $1,200. 6 Received an advance payment of $1,800 from a customer for roof repair work to be done during April and May. 7 Billed customers for roofing services, $5,500. 8 Collected $6,500 on account from customers. 9 Paid bill for truck fuel used in April, s75. 9 10 Paid April newspaper advertising, $100. 1 Paid assistants' wages, $4,500. 12 Billed customers for roofing services, $5,000
I need to make a balance sheet, income statement, and cash flow statement.
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