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show the following transactions and how it will impact the income Statement and Balance sheet for the month of Januaary - assume all beginning balances
show the following transactions and how it will impact the income Statement and Balance sheet for the month of Januaary - assume all beginning balances are $0 : 1. The Company is working on an intercompany project. The project is sold at cost. In the manth of anuary, the Company incurs $300,000 of labor costs and $50,000 of material costs on the project: 2. The Sampany has a Zero Balance Account with Mother company. The Company received \$25, 000 in cash receipts on 1/15/21. 3.The Company has a zero Balance Account with Mother company. The Company runs a speciaf bonus payroll for: $10,000 on 1/25/21
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