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I'm not understanding what they want, please help 6 Requirement Journal EEiaTrial Balance Statement Equity Balance Sheet FS Impact The financial statements report the curmulative
I'm not understanding what they want, please help
6 Requirement Journal EEiaTrial Balance Statement Equity Balance Sheet FS Impact The financial statements report the curmulative 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! .47 ints Show less Net Income Total Assets Liabilities Total Equity Where can you go to find each of your answers? Balance sheet Balance sheet Balance sheet Dec 1 Pelcher Marketing receives $70,000 cash from 0S0,000 S Laura Pelcher as an owner contribution Dec 2 Pays $4,500 cash for supplies. Dec 3- Pays $54,000 cash for equipment 0S70,000 70,000 70,000 Print 70,000 70,000 Dec 4 Purchases $10,150 of supplies on credit froma supplier 10,150 Dec. 5- Providas consulting services and immediataly collects $6,200 cash 6,200 Dec. 6 Pays $3,000 cash for Decamber rent. Dec 7 Pays $1,500 cash for employee salary Dec. 8 Provides consulting services of $4,500 and rents its test facilities for $3,200. The customer is billed $7,700 for these services Dec. 9 Receives $7,700 cash from the clent billed on Dec 10 Pays CalTech Supply $2,900 cash toward the payable from Decmber 4 Dec 11 Laura Pelcher withdraws $1,400 cash for personal use Dec. 12 - Recelves $4,200 cash in advance of provlding consulting services to a customer Dec 13 Pays $4,400 cash (insurance premium) for a 24-month insurance policy. Coverage begins on Decsmber 1 Dec 14 Pays $2,120 cash for supplies Dec. 15 Pays $2,305 cash for December utilitles expense Dec 16- Pays $1,700 cash in employee salary for work performed in the latter part of DecemberStep by Step Solution
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