Question
X Company was organized by Dany Feldman.These transactions are in December 2008 December 1 He opened a bank account under the name of X
X Company was organized by Dany Feldman.These transactions are in December 2008 December 1 He opened a bank account under the name of X Company and made a deposit,taken from her personal savings account, of 100,000 dollars to start the new business. 2 Purchased land and building for 80,000 cash. The land was valued at 30,000, the building at 50,000 issues 4 Received credit purchases from Y Company for $8.000 in office equipment and $2,400 in Office supplies 8 Completed work for a Tom Boboc and immediately received $3,000 cash. 12 Completed a $15,000 project for a Tom Boboc, who must pay within 30 days. 22 Received $8.000 cash as partial payment for the work completed on december12 24 Completed work for another client for $2,100 on credit. 28 Dany Feldman withdrew $6000 cash for personal use. 31 Paid $960 cash fort his month utility bills. 1.Required prepare an accounting table,cash flow 2.Required prepare an income statement.
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