Question
Please make the Journal, The general ledger, the TRIAL BALANCE, The balance sheet, and the income statement following the accounting process. Thank you! April 1
Please make the Journal, The general ledger, the TRIAL BALANCE, The balance sheet, and the income statement following the accounting process. Thank you!
April 1st :
Articles of incorporation are filed with the state, and 100,000 shares of common stock are issued for $100,000 in cash.
April 4th :
A six-month promissory note is signed at the bank. Interest at 9% per annum will be repaid
in six months along with the principal amount of the loan of $50,000.
April 8th :
Land and a storage shed are acquired for a lump sum of $80,000. On the basis of an appraisal, 25% of the value is assigned to the land and the remainder to the building.
April 10:
Mowing equipment is purchased from a supplier at a total cost of $25,000. A down payment of $10,000 is made, with the remainder due by the end of the month.
April 18 :
Customers are billed for services provided during the first half of the month. The total amount billed of $5,500 is due within ten days.
April 27 :
The remaining balance due on the mowing equipment is paid to the supplier.
April 28 :
The total amount of $5,500 due from customers is received.
April 30:
Customers are billed for services provided during the second half of the month. The total amount billed is $9,850.
April 30 :
Salaries and wages of $4,650 for the month of April are paid.
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