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Please create an Adjusted Trial Balance, Income Statement, Statement of Stockholders Equity, and a Balance Sheet out of these journal entries. If i'm missing anything
Please create an Adjusted Trial Balance, Income Statement, Statement of Stockholders Equity, and a Balance Sheet out of these journal entries. If i'm missing anything please feel free to make up numbers or change numbers from the journal entries to make it even.
August 1, 2016 DR: Cash $55,000 CR: Notes Payable (Issue 6% six month notes payable) September 1, 2016 $500 DR: Petty Cash CR: Cash (Establish petty cash fund) September 30, 2016 $2,500 DR: Cash CR: Preferred Stock CFR: Additional Paid in Capital (Issue Preferred Stock Above Par) November 10, 2016 DR: Supplies $10,400 CR: Cash (Paid for Supplies) December 1, 2016 $3,500 DR: Interest Expense CR: Cash (Pay semiannual interest) December 31, 2016 $1,375 DR: Interest Expense CR: Interest Payable (Record interest incurred, but not paid) December 31, 2016 $1,400 DR: Supplies Expense CR: Supplies (Consume supplies during the current period) $55,000 $500 $1,000 $1,500 $10,400 $3,500 $1,375 $1,400 August 1, 2016 DR: Cash $55,000 CR: Notes Payable (Issue 6% six month notes payable) September 1, 2016 $500 DR: Petty Cash CR: Cash (Establish petty cash fund) September 30, 2016 $2,500 DR: Cash CR: Preferred Stock CFR: Additional Paid in Capital (Issue Preferred Stock Above Par) November 10, 2016 DR: Supplies $10,400 CR: Cash (Paid for Supplies) December 1, 2016 $3,500 DR: Interest Expense CR: Cash (Pay semiannual interest) December 31, 2016 $1,375 DR: Interest Expense CR: Interest Payable (Record interest incurred, but not paid) December 31, 2016 $1,400 DR: Supplies Expense CR: Supplies (Consume supplies during the current period) $55,000 $500 $1,000 $1,500 $10,400 $3,500 $1,375 $1,400Step by Step Solution
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