Question
Please help create a General Ledger, Trial Balance, Statement of Performance, Statement of Equity and Statement of Financial Position for the following probleI am also
Please help create a General Ledger, Trial Balance, Statement of Performance, Statement of Equity and Statement of Financial Position for the following probleI am also hoping to receive a clearer answer.
Fast & Easy Copy Center was opened by Noah on January 1, 2021 with a cash investment of 10,000. Additional transactions for the month are as follows:
January 2 - Noah invested three pieces of equipment worth 18,000. January 4 - Paid 3,000 as a deposit for the rental. January 5 - Bought office supplies for cash, 500. January 6 - Received 2,000 cash from various students for typing services rendered. January 7 - Rendered typing services on account, 3,000. January 8 - Bought office furniture from Bizarre worth 5,000. Paid 50% and promised to pay the balance within 30 days. January 9 - Paid Bizarre, 1,000. January 14 - Collection from account customers, 2,000. January 15 - Paid salaries of Typist, 1,500. January 19 - Summary of cash received, 2,000 and a promissory note for 200 for typing service rendered. January 20 - Paid for telephone, light and water, 800. January 25 - Paid 300 for the repair of typewriters. January 30 - Payments for: Salaries, 1,500; Rent, 1,500. January 31 - The owner made a cash withdrawal of 500.
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