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Prepare the Income statement sheet and the balance sheet Date Account # Credit 850 12/23 Cash 9252 Debit 25000 11/1 850 9252 Description Common Stock
Prepare the Income statement sheet and the balance sheet
Date Account # Credit 850 12/23 Cash 9252 Debit 25000 11/1 850 9252 Description Common Stock Cash Prebaid rent 25000 1735 500 11/4 6000 1735 500 Sales Revenue 12/24 Materials Cash 12/25 Cash Account recevable Cash 6000 4350 500 Cash Building 11/5 12500 4350 500 12500 1850 7629 Cash Sales Revenue 11/7 750 1850 7629 11/18 Equipment Cash 11/19 Advertising Expe Cash 11/25 Advertising Expe Cash 11/28 Furnture Cash 12/6 Inventory Account Payable 1217 Account recevab Sales Revenue 12/8 Account Payable Inventory Prebaid Insuranc Cash Cash 750 9000 500 11/8 4250 9000 500 4250 1120 633 Furntuire Cash Equipment Cash Cash 6250 1120 633 Sales Revenue 12/27 Account Payable Cash 12/28 Utilities Expence Account Payable 12/29 Materils Cash 12/31 Cash Sales Revenue 12/31 Account recevab 6250 180 220 11/9 55000 180 220 55000 3600 6961 11/10 Notes Payable long term Furntuire Cash 2735 3600 6961 2735 9555 1435 11/11 560 9555 sales 1435 Coffe cups Account payable Coffe cups 560 7510 11/12 910 7510 910 2039 11/13 200 2039 Account payable Materials/Invent Account Payable Inventory Cash 200 Cash Sales Revenue 12/15 Salaries And Wag Cash 12/16 Sales Revenue Sales Revenue 12/17 Cash Sales R&A RA Account Recevable 12/21 Sales R&A Account Recevable 12/22 Account Recevab Sales Revenue 1098 11/15 100 22 100 1120 11/16 0 376 0 376 No entery requir Noentery Required Equipment Cash 11/17 1285 500 1285 500Step by Step Solution
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