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take journal entries complete balance sheet and income statement Purchase $5000 of Raw Material Purchase Alc To Cash Alc 5,000.00 5,000.00 ble due in 30

take journal entries complete balance sheet and income statement
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Purchase $5000 of Raw Material Purchase Alc To Cash Alc 5,000.00 5,000.00 ble due in 30 days, 2/10 Net 30 Purchase $10000 of Raw Material on Account Payable due in 30 Purchase A/C To Sundry Creditor $ $ 10,000.00 10.000.00 Paid Payroll of $5000 Salary A/C To Cash Alc $ $ 5,000.00 5,000.00 Sold two bikes for $5000 each Cash A/C Sales Alc $ $ 10,000.00 10,000.00 Paid utilities $1000 Utilities Expenses Alc Cash Alc $ $ 1,000.00 1,000.00 Paid Mortgage $2000 Mortgage A/C Cash A/C $ $ 2.000.00 2.000.00 Receied Payment (A/R) from china' bikes for 3 bikes totalline for 3 bikes totalling $20000 Cash A/C Account Receivable Alc DE $ $ 20,000.00 20,000.00 20.00 Sold Bike for $8000 - will be paid by 30 Days 2/10 Nets 8.000.00 Account Receivable Alc Sales A/c K000.00 Paid FedEx $350 Courier Expenses A/C Cash A/C 350.00 350.00 Owner draw salary152000 Salary AVC Cash Ac 2.000.00 2.000.00 $ 0. Paid FedEx $350 Courier Expenses Ac Cash A/C 350.00 350.00 1/9 Owner draw salary/52000 Salary / Cash Al $ $ 2.000.00 2.000.00 1/10 Pad Property Taxes on my house building $1000 Property Tax Cash Alc $ S 1.000.00 1,000.00 11/11 Paid insurance on my business $2000 Insurance NC Cash Alc $ $ 2.000.00 2,000.00 Sold two bikes for $12000 Total Cash A/C Sales Alc $ $ 12,000.00 12,000.00 1/14 bought new machine to bend tubing eto bend tube for frames $10000 Machinery NC Cash Nc $ $ 10,000.00 10,000.00 1/15 Borrowed 550000 from the bank for he bank for future expansion 50,000.00 50,000.00 Cash Alc $ Bank Loan Al 1/16 Sold a really fancy extra $200 in labour and an extra $300 in Materiak) 250000 3 50,000.00 tancy bike for $10000 (We had an extra $200 in labour and an extra $300 in Materials) 1/16 $ Cash A/C Labour Charges Materials Charges 9,500.00 200.00 300.00 Sales Alc $ 10,000.00 1/20 Received a Deposit on Special Order SS000. To be completed and shipped in 90 Days Cash A/C Advance from Customer $ $ 5,000.00 5,000.00 Cr. 1/21 Purchased $10000 of raw Material Purcahse A/C Cash Alc $ $ 10,000.00 10,000.00 1/25 Sold 1 bike for $8000 customer to pay in 30 Day? stomer to pay in 30 Day 2/10 net 30 Account Receivable NC Sales A/c $ $ 8,000.00 8.000.00 1/26 Paid for raw materials received on lan 6 Purchase Ale Cash Alc $ $ 20,000 00 20,000.00 1/26 Received Payment from Sale of 1/6 Cash Ale Account Receivable Nc $ $ 8.000.00 8.000.00 Dr Amt Gr. Amt $ 12,000.00 $ 5,000 00 $ 50,000.00 Trial Balance Chart of Account Account Receivable Alc Advance from Customer Bank Loan NC Cash A/c Courier Expenses A/C Insurance A/C Labour Charges Machinery Alc Materials Charges Mortgage A/c Property Tax Purchase A/C Salary NC Sales Alc $ 56,150.00 S 350.00 2,000.00 $ 200.00 S 10,000.00 $ 300.00 $ 2,000.00 $ 1,000.00 $ 45,000.00 57,000.00 Sundry Creditor Utilities Expenses A/ $ 48,000.00 $ 10,000.00 S 1,000. Grand Total IS 125,000.00 $ 125,000.00

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