Question
On august 1,2006, shad menard established centillion realty.and following transactions during this month A,opened a business bank account with a deposit $15000 from personal funds
On august 1,2006, shad menard established centillion realty.and following transactions during this month
A,opened a business bank account with a deposit $15000 from personal funds
B,paid rent on office and equipment for the month $2400
c,paid automobile expense $750 and miscellaneous expense $ 380
d,purchased supplies on account $950
E,earned sales commissions,receiving cash $17350
f,paid creditor on account, $580
g, paid officer salaries $3600
h,withdrew cash for personal use $ 1500
I,supply on hand was &275 and supply used was $675
1,Record journal entry
2,post the journal to ledger by using T-Account
3,prepare trial balance
4,prepare the financial statement
a,income statement
b,balance sheet
5,record closing entry
6,prepare post closing trial balance
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