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prepare a classified balance sheet and a statement of cash flows for the month ending August On the 1 st of August, Brothers haircut had
prepare a classified balance sheet and a statement of cash flows for the month ending August
On the 1st of August, Brothers haircut had these transactions during this month.
- On August 2, Paid $2200 cash for August salon rent.
- On August 4, Incurred $380 of advertising costs due in 20 days
- On August 5, Purchased salon equipment for $120
- On August 7, Paid for supplies (shampoos, creams, and gels) $350
- On August 8, received $280 for selling gels
- On August 12, paid $180 water bill
- On August 12, paid $160 for electricity bill
- On August 14, incurred $1050 for the businesss bank loan due in 14 days
- On August 16, purchased a new chair set up for $400
- On August 17, paid the amount due for the influencer $380 for advertising
- On August 19, paid $90 for my internet bill
- On August 21, received for $200 selling of shampoos
- On August 23, paid $110 for insurance
- On August 24, cleaner $110
- On August 27, paid $1050 for the businesss bank loan
- On August 28, gas bills $35
- On August 30, extra salary cost to a new trainee $400
- On August 30, purchased a new tv screen $600
- On August 30, paid $6000 in salaries for the month of August.
- On August 30, received $14000 from haircuts services during the month of August. And $500 of selling gels, creams, and shampoos
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