Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

invested cash 30,000 in the business Purhcase merchandise for cash 16000 sold merchandise for cash 27000 with drew cash for personal use 10000 salries exp

invested cash 30,000 in the business

Purhcase merchandise for cash 16000

sold merchandise for cash 27000

with drew cash for personal use 10000

salries exp 9000

paid 5 month rent in advarnce 1000 per month

paid insurance exp 10000

required general journal

ledgers

trial balance

income statement

balance sheet

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

Financial Accounting

Authors: Robert K. Eskew, Daniel L. Jensen

5th Edition

0070213550, 978-0070213555

More Books

Students also viewed these Accounting questions

Question

answer 9 3 0 .

Answered: 1 week ago