Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. create me financial statement \begin{tabular}{|l

Create me financial statement \begin{tabular}{|l|l|} \hline Date & \multicolumn{1}{|c|}{ Transaction } \\ \hline...

50.1K

Verified Solution

Question

Accounting

image

Create me financial statement

\begin{tabular}{|l|l|} \hline Date & \multicolumn{1}{|c|}{ Transaction } \\ \hline 1-Apr & $10,000rentpaidforcurrentmonthand$50,000paidasanadvancerentbythecompanyforthe5months \\ \hline 3-Apr & Office supplies purchased on account having cost of $12,500. \\ \hline 5-Apr & Received$45,000againsttheprovisionoftheservicestothecustomers \\ \hline 7-Apr & Furniture worth $10,000 purchased having trade discount of 10% \\ \hline 9-Apr & Amountpaidagainsttheofficesuppliespurchasedonaccounton03April \\ \hline 11-Apr & Equipmentcosting$50,000purchasedbythecompany.Outofthetotalamount$30,000amountnotespayablewasissuedwith8.5%interestrate. \\ \hline 13-Apr & Provided services worth $50,000 to the customers. \\ \hline 15-Apr & Received$15,000fromthecustomersagainstservicesprovidedon13-April \\ \hline 17-Apr & Stationary worth $500 purchased \\ \hline 23-Apr & Receivedbalanceamountfromcustomersagainstservicesprovidedon13April \\ \hline 30-Apr & Electricity bill of $2,000 paid. \\ \hline 30-Apr & Telephone expenses of \$1,500 paid. \\ \hline 30-Apr & Miscellaneous expense during the month amounted \$5,300 \\ \hline 30-Apr & PaidwagestotheemployeesforthemonthofAprilamounting$40,000 \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5-8, 5-15, on pages 227 to 231EXERCISE 5–8 Compute the Margin of Safety LO5–7Molander...5-8,...

Accounting
Q

Depolarization is caused by: K+ diffusing out of the neuron K+ being pumped out of the neuron Na+...

Medical Sciences
Q

let i be an interval in r, when is f said to be concave on i

Advance Math
Q

The point Q (ql , q2) is the image of the point P(p1, P2) on the...

Advance Math
Q

A body moving with speed v in space explodes into two piece of masses in...

Physics
Q

Match the description with the graph y x a always increasing function y ex y...

Basic Math
Q

Flannery Inc. produces identical tables in large batches. Which of the following would most likely...

Accounting
Q

Below is an incomplete year-end worksheet which you will have to complete ...

Accounting
Q

5-3. Management is responsible for establishing effective internal control for its organization, including measures to...

Accounting
Q

19% v2.cengagenow.com 1 Materials Variances Torres Company produces fruit juices, sold in...

Accounting
Q

Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows: ...

Accounting
Q

Hello there, there's an answer to this question but I need the solutions. Thank you!...

Finance