Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
please andwer the quation now ) O ) (abo 30) LO4 The Following Transactions Extracted from LBC Company 1. On October 1, 2015. LBC Company
please andwer the quation now
) O ) (abo 30) LO4 The Following Transactions Extracted from LBC Company 1. On October 1, 2015. LBC Company starts new business by investing $900,000 Cash. 2. On October 6, 2015. LBC Company transfer $400,000 cash to bank 3. On October 10, 2015. LBC Company purchased Land $80,000. Paid $50,000 Cheque rest on credit 4. On October 15, 2015, LBC Company provided services $250,000 cash. 5. On October 19, 2015. LBC Company purchased goods from Khalfan on credit $90,000 6. On October 23, 2015. LBC Company sold goods on credit $19,000 to Ahmed. 7. On October 24, 2015. LBC Company paid cash $50,000 to Khalfan. 8. On October 25, 2015. LBC Company received cheque $10,000 from Ahmed. 9. On October 26, 2015. LBC Company paid cash water expense $5,000, salary expense $10,000 and rent expense $15,000 10. On October 30, 2015. LBC Company owners withdraw cash 84,000 for personal use. Requirement: From above transactions prepare: 1. Journal Book 2. Ledger Book 3. Trial Balance 4. Income Statement 5. Statement of Change in Equity Rolanra Chat
please andwer the quation now
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669b4804d94ac_548669b480477b55.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started