Question
The following transactions occurred for Scrooge Inc. for the month ended December 31,1820 , its first month of operation: A. Ebenezer Scrooge invested $50,000 cash
The following transactions occurred for Scrooge Inc. for the month ended December 31,1820 , its first month of operation:
A. Ebenezer Scrooge invested $50,000 cash in the company in exchange for common stock.
B. The company prepaid $480 for 12 month's rent.
C. The company purchased $100 in office supplies. Payment due withing 10 days
D. Scrooge Inc. completed services for a client and immediately received $2,000.
E. The company completed $1,500 project for a client. The client was billed, and the invoice must be paid within 30 days.
F. The company paid the $100 cash to settle the office supplies A/P(C).
G. The company received $750 in cash as partial payment for the work completed earlier (E).
H. The company paid a $50 cash dividend.
I. The company paid its coal heating bill for $10 in cash.
Given the information, make the following: 1. trial balance 2. Income Statement, 3. Retained Earnings Statement, 4. Balance Sheet.
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