Question
The following business transactions and business events relate to Nancys Business Services Pty Ltd in June: 1 - Nancy commenced business with $15000 given to
The following business transactions and business events relate to Nancys Business Services Pty Ltd in June:
1 - Nancy commenced business with $15000 given to her by her Aunt Kate.
4 - Purchased new computer for her business $1200 on credit.
5 - Received $500 for services rendered.
6 - Paid rent on office for June $400.
7 - Negotiated with Kerry Ltd regarding possible casual employment contracts totalling $1500.
8 - Aunt Kate injected a further $2000 gift into Nancys business.
9 - Billed a client $500 for services rendered.
10 - Received an invoice for new reception desk $3400.
15 - Paid for telephone connection fee $65.
16 - Sent a quote for a large prospective job $4800.
16 - Paid gas charges $231.
23 - Received $250 for consultation work completed.
28 - Paid in full for the reception desk bought on 10 June.
30 - Paid advertising $200.
Task:
Prepare a statement of profit or loss and statement of financial position in Excel for Nancys Business Services Pty Ltd for the period ending 30 June 2023;
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