Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the answer posted previously here was wrong. they missed april 30th and the total assest and liabilities should be same number, which the question posted

image text in transcribed
the answer posted previously here was wrong. they missed april 30th and the total assest and liabilities should be same number, which the question posted has not.
B D Assignment 2: Using the transactions below, complete the simplified Balance Sheet for the month of April. Use the template provided here, do not change the formulas. Make sure your total assets equal your total liabilities. Save and submit this file in the designated area in week 2 Transactions: April 1, 2020 You Invested $10,000 to start your new business, April 2, 2020: You paid $900 in cash for supplies. 3. April 3, 2020: You paid $800 rent for the month of April for your storefront. April 4, 2020: You bought $400 worth of office equipment (1 desk and 1 chair). 0 April 28, 2020: You sold $2,200 worth of product, 1 April 29, 2020: You bought material to produce your product worth $1,500 on credit payable in 90 days. 2 April 30, 2020: You took inventory at the end of the month and you found that you had $1,800 worth of product material (supplies) remaining. 3 4 Student's New Business - Month of April, 2020 5 Assets Liabilities Owner's Equity 6 Date Inventory Furniture Cash Accounts Payable 7 April 1, 2020: 8 9 0 1 2 3 4 S 6 7 8 9 0 1 Total 2 Total Assets 0 Total Liabilities 3 4 5 Sheet1 + Ready A 0 0 0 0 O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions