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Please make Owner's Equity Statement, Balance Sheet and Income Statement for this question. Derek Scoffin owns and operates YH Curling School on evenings and weekends.
Please make Owner's Equity Statement, Balance Sheet and Income Statement for this question.
Derek Scoffin owns and operates YH Curling School on evenings and weekends. The company had the following balances in its general ledger at January 31, 2021: Cash $2,420, Accounts Receivable $775. Equipment $12,890, Accounts Payable $1,500, and D. Scoffin Capital $14.585. The following events and transactions occurred during February 2021. Feb. 1 2 3 4 6 14 15 Received and paid a $430 advertising bill. Paid the YH Curling Club $1,175 rent for use of the ice for lessons during the first two weeks of February Collected $4,440 cash for February's curling lessons. Collected all of the accounts receivable at January 31 in cash. Paid $1,000 of the accounts payable at January 31. Paid his part-time assistant $330. Paid the YH Curling Club $1.175 rent for use of the ice for lessons during the last two weeks of February Provided $1545 of coaching services to curlers preparing for a tournament. The curlers will pay him on March 2. Paid $205 cash for the telephone bill for February Received $2,940 cash for curling lessons in March. Withdrew $555 cash. Used the cash to pay his Visa bill Paid his part-time assistant $330. Paid the YH Curling Club $1,175 rent for use of the ice for lessons during the first two weeks of March, 23 26 27 27 28 28 Step by Step Solution
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