Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please make a balance sheet of this data tahnk you so much for your help i need this answer quickly Capital A/C of first year
please make a balance sheet of this data tahnk you so much for your help i need this answer quickly
Capital A/C of first year of Klever Kids artiqlars Debit Credit Capital Investment $100,000 oan frarn bank $100,000 Computers and equipment $2000 rofit from first year $90.000 Registration of business $700 Funiture $1000 Hiring of Business consultant 51000 cost for start-up inventory $40,000 (stoclang with a wide range of different sizes and brands of men's shoes, women's shoes, men's athletic shoes, women's athletic shoes children's shoes, slippers and other type shoes such as Hosiery and sports footwear. golf shoes, bowling shoes and cleats et al and other related merchandize) Annual Cash AK Summary of Klever boks: Particulars Debit Credit Opening balance $50,000 Rent 520000 Sale of Furniture $500 Purchase of furniture $400 Marketing expenges 13000 Stationary expenses $500 Store equipment (Ventilators. $5000 Air conditioners. Heaters) Traustallation of CCTV cameras 55000 Launching website 3800 Insurance Coste 53000 Renovation and 52000 reconstructing damaged equipment Employee's salary 550.000 Electricity and other bills $1500 Hiring new employees 52000 Miscellaneous 51000 Closing AC $56,500 Capital A/C of first year of Klever Kids artiqlars Debit Credit Capital Investment $100,000 oan frarn bank $100,000 Computers and equipment $2000 rofit from first year $90.000 Registration of business $700 Funiture $1000 Hiring of Business consultant 51000 cost for start-up inventory $40,000 (stoclang with a wide range of different sizes and brands of men's shoes, women's shoes, men's athletic shoes, women's athletic shoes children's shoes, slippers and other type shoes such as Hosiery and sports footwear. golf shoes, bowling shoes and cleats et al and other related merchandize) Annual Cash AK Summary of Klever boks: Particulars Debit Credit Opening balance $50,000 Rent 520000 Sale of Furniture $500 Purchase of furniture $400 Marketing expenges 13000 Stationary expenses $500 Store equipment (Ventilators. $5000 Air conditioners. Heaters) Traustallation of CCTV cameras 55000 Launching website 3800 Insurance Coste 53000 Renovation and 52000 reconstructing damaged equipment Employee's salary 550.000 Electricity and other bills $1500 Hiring new employees 52000 Miscellaneous 51000 Closing AC $56,500Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started