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On A2 par January 1, 2022, XYZ corporation, a widget & ding bat company was formed by the issu ance of 20,000 shares of value
On A2 par January 1, 2022, XYZ corporation, a widget & ding bat company was formed by the issu ance of 20,000 shares of value stock for $ 70,000 The new corporation X Y Z has the following transactions during January 9) Pay $13,000 in advance for 12 months' rent office, 2) Purchase of 200 widgets at a cost of $200 each 120 zingbats at a cost of $150 each As January 31, the company was $10,000 to their vendor on this purchase 3) Wages of $10,000 are at eamed paid for in January $3,000 of wages are payable at January 31 4) Sells 130 widgets at $320 each 80 zingbats for $225 each $49,600 is received in cash in January, & 400,000 is sold deferred payment basis 5) Other operating expenses of $6,000 are incurred during January $1,000 of incurred expenses are payable at January 31 * Requirment : prepare an acemal basis balance as of January 31, 2012 a
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