Question
Zeta Enterprises has provided you with the following transactions for the month of September. Prepare the General Ledger accounts, Trial Balance, and Income Statement for
Zeta Enterprises has provided you with the following transactions for the month of September. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume all transactions are exclusive of taxes. Use the following table format:
Date | Account Title | Debit ($) | Credit ($) |
Sep 1 | Cash | 240,000 | |
Sep 5 | Sales Revenue | 270,000 | |
Sep 10 | Rent Expense | 27,000 | |
Sep 15 | Accounts Payable | 55,000 | |
Sep 20 | Utilities Expense | 12,000 | |
Sep 25 | Salary Expense | 36,000 | |
Sep 30 | Depreciation Expense | 8,000 |
Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 18%.
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