Question
The Business transactions during December are presented as follows: 1. Gray inversts 30 000 $ to begin Larson's Accounting Company . 2. Company received cash
The Business transactions during December are presented as follows:
1. Gray inversts 30 000 $ to begin Larson's Accounting Company .
2. Company received cash from clients for services, $4,500
3. Larson paid to creditors $500,
4. Paid office rent for the month of December, $750,
5. Company billed client for accounting services on account, $5,200
6. Supplies were purchased on account, $650,
7. Company received cash from clients billed previously, $12,00
8. Larson received an invoice for office equipment repair services from Office Extra for December (the invoice will be paid next month), $850,
9. Larson paid monthly salaries, $2,700,
10. Utilities expense were paid, $280,
11. Miscellaneous expense were paid, $350,
12. Dividends were paid, $550.
1- Prepare : 1- The T-Accoun, Journal, Ledger ,Triel Balance
2-The income statment, Statment of retained earnings, Balance sheet
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