Q# 3:

During the month of October 2017, Gardial company had the following transactions: -

Sales of $ 10,000 were occurred and received in cash

Bank loans of $ 2,000 were paid off

Equipment of $ 4000 were purchased

Transportation expense of $ 7,200 were paid

Additional shares of capital stock $ 7,200 were paid

Office equipment were purchased of $3000 on account

Account receivables of 40,000 were received

Receipts from the customers $2000 in cash

Assuming that the cash balance at the beginning of the month was $ 12,000, create a statement of cash flows that reconciles the beginning and ending cash balances

Q#4:The following is an alphabetical list of data from the records of Kenyon Services Corporation at March 31, 2017

Accounts payable $ 9,000 Equipment rental expense $ 500

Accounts receivable 3,900 Insurance expense

400

Advertising expense 300 Interest expense 100

Fees Earned 4,500

Cash 3,100 Truck operating expense 700

Share capital 2,000 Wages expense 1,500

Equipment 5,000

create an income statement for the month ended March 31, 2017. Record the expenses in alphabetical order.

ii) create a balance sheet at March 31, 2017.