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need some help woth accounting income statement and retirement statement thank you ! Thanks so much again for helping me out, I don't have any
need some help woth accounting
Thanks so much again for helping me out, I don't have any idea how to "keep the books" and prepare those confusing financial statements. All I know is that my bank wants them! I wrote down everything I did in August, since I wasn't sure what you would need, so here it is: August 1: I invested $29,000 cash and $21,000 of photo/video equipment into the business Purchased \$4,000 worth of office equipment on account. Paid landlord $1,200 cash for the month to rent the business space. Purchased $1,500 of office supplies for the business by paying cash. I paid my landlord $700 for the month to rent my loft apartment one block away. Paid $2,900 cash for a 12 -month insurance policy, which is usually priced at $3,625 but we received a new customer discount. Coverage begins August 11th. Does not eee to recoec 12: Paid $4,200 cash for two weeks' salaries earned by employees. Spoke with festival officials regarding the Redondo Beach Art Festival, permit fee to enter is $300. Still need to think about whether or not to enter. Recort + Reulcash 18 : prrm Received $21,500 cash from corporate client, CocoReno Athletic Wear, for completing advertising prints. vos conecres pivis 22: Billed band, The Verb, $6,700 for photo shoot at local clubs. scheduled for the September 19 th. The total quote for this shoot was $3,800. worrecorik 25: Meet with Keith Barnook and Betsy Alder regarding shooting their wedding in Costa Rica this December. My quote for this event is $8,300. The couple will make a decision in September and provide me their deposit at that time. friend repaired the equipment, normally it would have cost $1,500. 30 AlP Received the August utility bill. It is for $95. I will pay it next month since it is not due until September 23rd. 31: Interviewed by local paper for a piece regarding new businesses in the area. Usually, the paper charges $85 to run a quarter page ad but this article will run free of charge to us and be a great source of advertising!-canca it out - Using the information provided in Tony's email, you will prepare the necessary journal entries for the new company. The new company has decided to use the accrual basis method of accounting. You perform some research and decide to create the following chart of accounts for the new company income statement and retirement statement
thank you !
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