Question
Transacations for the Green Tea Company during 2022 a The company has incurred payroll costs that have not yet been paid for $15,000. b The
Transacations for the Green Tea Company during 2022 a The company has incurred payroll costs that have not yet been paid for $15,000. b The company has paid cash for interest expense on its long term note payable for $1,000. c The company has borrowed $20,000 on an additional long-term note payable. d The company has paid cash for rent due in the amoiunt of $10,500. e The company received cash for services provided in advance, in the amount of $10,000. f The company paid cash for advertising costs, in the amount of $4,000. g The company has earned and received cash of $50,000 for services rendered. h The company has paid cash for long-term capital equipment in the amount of $15,000. i The company has incurred Tax costs of $2,500 for 2022 that are not payable until February 15, 2023 . j The company has paid cash dividends in the amount of $5,000 to its Shareholders of record.
Can you please make me the below work sheet accoding to above transaction.
Assets | = | Liabilities | + | Shareholders Equity | Revenue | - | Expense | = NI | ||||||||||||||||
Cash | Prepaid Exp | Security | PPE | Payroll Payable | Interest Payable | Income Tax Payable | Unearned Revenue | Notes Payable | Common Stock | Retained Earnings | Treasury Stock | |||||||||||||
Beginning Balances>> | $ 100 | $ 1,500 | $ 3,500 | $ 10,300 | $ 900 | $ - | $ - | $ - | $ 7,450 | $ 6,800 | $ 500 | $ (250) | 0 | 0 | 0 | |||||||||
a | The company has incurred payroll costs that have not yet been paid for $15,000. | |||||||||||||||||||||||
b | The company has paid cash for interest expense on its long term note for $1,000. | |||||||||||||||||||||||
c | The company has borrowed $20,000 on an additional long-term note payable. | |||||||||||||||||||||||
d | The company has paid cash for rent due in the amoiunt of $10,500. | |||||||||||||||||||||||
e | The company received cash for services provided in advance, in the amount of $10,000. | |||||||||||||||||||||||
f | The company paid cash for advertising costs, in the amount of $4,000. | |||||||||||||||||||||||
g | The company has earned and received cash of $50,000 for services rendered. | |||||||||||||||||||||||
h | The company has paid cash for long-term capital equipment in the amount of $15,000. | |||||||||||||||||||||||
i | The company has incurred Tax costs of $2,500 for 2022 that are not payable until February 15, 2023 . | |||||||||||||||||||||||
j | The company has paid cash dividends in the amount of $5,000 to its Shareholders of record. | |||||||||||||||||||||||
Totals can be carried over to the Trial Balance | Totals | $ 100 | $ 1,500 | $ - | $ 3,500 | $ 10,300 | $ - | $ 900 | $ - | $ - | $ - | $ 7,450 | $ 6,800 | $ 500 | $ (250) |
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