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please help me in T-account (No beggining balance) 1 Cash Share Capital 160,000 To record the share capital investment 2R&D5,000Cash5,000 To record the salary of
please help me in T-account (No beggining balance)
1 Cash Share Capital 160,000 To record the share capital investment 2R&D5,000Cash5,000 To record the salary of calligrapher for I year 3 Salaries expense 120,000 Cash 120,000 To record the salary of website developer 4 Equipment 60,000 Cash 60,000 To record the purchase of equipment for the calligraphy, warehouse and all other operations To record the payment of rent for I year 6 Inventories 6,450 Accounts payable 6,450 To record the purchases of mugs 7 Cash 27,400 Sales revenue 27,400 To record the sales revenue of the sold mugs 8 Cash 14,000 Uncarned revenue 14,000 To record the upfront payment of a special order to be delivered in January next year 9 Rent expense 60,000 \begin{tabular}{cccc} & Prepaid rent & 60,000 \\ Prepaid rent & 120,000 & \\ \cline { 2 - 4 } Cash & & 120,000 \end{tabular} To record the rent expense incurred from July 1 to December 31 10 Depreciation expense 12,000 Accumulated depreciation 12,000 To record the depreciation expense for Year I with a useful life of 5 years Total 644,850644,850 Step by Step Solution
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