Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are my assets and liabilities on this chart! I need them so I can start a balance sheet A. Calculating amounts to be used
What are my assets and liabilities on this chart! I need them so I can start a balance sheet
A. Calculating amounts to be used in financial statements Domestic Sales Receipts from sales International Sales TOTAL Details as shown on bank statement Transfer from Shipit_Au Transfer from Shipit_Au Payments for inventory and packaging Purchases Purchases Purchases Purchases Total Purchases Packaging TOTAL Details as shown on bank statement Merrilee Kidstuff KidsTown Co Puzzle Rugs April n Indie Toys Boxit Packaging Supplies Payments for indirect costs/overheads Advertising Accounting Fees Rent Order costs Delivery costs Insurance Website maintenance Telephone and Internet TOTAL Details as shown on bank statement Sellit Online Advertising Student - Accounting Fees Sherville Realty - Rent Shipit Au- Order costs Harpo Delivery Service Team Insurance - Prepaid Insurance 1 ye Jonathan Webb - Website maintenance Telenet Payments for non-current assets Furniture Software TOTAL Details as shown on bank statement Work from Home Furniture Jonathan Webb - Software Capital contributions James Leona Brady TOTAL Drawings James Leona Brady TOTAL Details as shown on bank statement James Cross Leona Riley Brady Chan Details as shown on bank statement James Cross Leona Riley Brady Chan Ending bank balance (Receipts - Payments) (This should be the same as per the bank statement) Total GST Collected Total GST Paid Insurance expense-3 months
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started