Question
Oct 1: Owners invest $30,000 cash. 5: Buy machine for $5,000 cash. 10: Buy supplies on account, $980 15: Perform services for $9,300 cash. 20:
Oct 1: Owners invest $30,000 cash.
5: Buy machine for $5,000 cash.
10: Buy supplies on account, $980
15: Perform services for $9,300 cash.
20: Pay telephone, $325.
22: Pay owners $1400(drawing)
28: Pay 350 on account for the transaction of Oct 10th.
- Prepare three financial statements.
- Income statement
- Capital statement
- Balance sheet
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
