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Would someone please help me with developing seperate classified balance sheets and multi-step income statements for these three separate journal entries? I think I did
Would someone please help me with developing seperate classified balance sheets and multi-step income statements for these three separate journal entries? I think I did it right in excel, but I need to compare answers with an expert. Thank you so much!
General Jou Date Account Name Ref Debit Credit 3 Feb. 10 Torecord initial cash investment. 8 Accounts Payable 910 9 To record purchase of 130 boxes at $7 each. 11 Prepaid booth rental 300 12 Prepaid clean-up fee 40 Cash 14 To record payment to show management. 17 Unearned Service Revenue 240 18 To record payment of 20 boxes of chocolate at $12 each 21 Sales Revenue 22 To record sale of 105 boxes by walk-up customers 24 Cost of Goods sold 26 To record cost of goods sold for 105 boxes 28 Salaries Expense 29 Salaries Payable 30 Torecord salaries owed. 132 Booth Expense 100 33 Prepaid Booth Renta 100 34 To record booth expense 35 355.00 001Step by Step Solution
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