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Note : Answer Should be in Word or Excel Format Green Company started its operations took place during the first month of operations January 1:
Note : Answer Should be in Word or Excel Format
Green Company started its operations took place during the first month of operations January 1: Green invests $9,200,000 cash to start the business January 4: Purchased furniture for $992,000, paying $192,000 in cash and sign a note for the remaining balance. January 8: Purchased office supplies for $40,000 on credit January 11: Paid $88,000 cash for January rent January 15: Paid $10,800 cash for office supplies purchased January 21: Services billed to customers amount to $192,000 January 22: Received utility bills for $21,000 for the month of January January 26: Paid $94,800 cash as salaries for the month January 30: Received $132,000 cash from customers in payment for services billed on January 21 January 31: Green withdrew $31,200 from the business for personal January 1, 2019. The following transactions on January 8 on use Required: 1-Prepare Journal entries to record the above transactions 2- Post to the appropriate ledger accounts. 3- Prepare the trial balance on January 31, 2019. 4. Prepare the financial statements of Green Company on January 31, 2019. (2 marks) (2 marks) (2 marks) (2 marks)Step by Step Solution
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