Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i want answer for this please now becuse i have exam Principles of Accounting I... 3 ) (30 ) LO4 The Following Transactions Extracted from

i want answer for this please now becuse i have exam image text in transcribed
Principles of Accounting I... 3 ) (30 ) LO4 The Following Transactions Extracted from LBC Company 1 On October 1, 2015. LBC Company starts new business by investing $900.000 Cash 2. On October 6, 2015. LBC Company transfer $400.000 cash to bank 3. On October 10, 2015. LBC Company purchased and 580.000. Pad 550.000 sheque rest on credit 4. On October 15, 2015. LBC Company provide services $250.000 cash 5. On October 19, 2015. LBC Company purchased goods from Khalfan on credit $90,000 6. On October 23, 2015 LBC Company sold goods on credit $19,000 to Ahmed. 7. On October 24, 2015, LBC Company paid cash $50,000 to Khalfan 8. On October 25, 2015. LBC Company received cheque $10,000 from Ahmed. 9. On October 26, 2015. I.BC Company paid cash water expense $5,000, salary expense $10,000 and rent epense $15,000 10 On October 30, 2015. LBC Company owners withdraw cash $4,000 for personal use. Requirement: From above transactions prepare: 1 Journal Book 2 Ledger Book 3. Trial Balance + Income Statement 5. Statement of Change in Equity : 10 1GE : Word , Excel , PPT , PDF

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Non Accounting Students

Authors: John R. Dyson

7th Edition

0273709224, 9780273709220

More Books

Students also viewed these Accounting questions

Question

=+analysis, and social media communication audit

Answered: 1 week ago