How do I create a financial statement (example below) for the information pasted? ...
80.2K
Verified Solution
Question
Accounting
How do I create a financial statement (example below) for the information pasted?
Cash | $35,000 | |||||
Common Stock | $35,000 | |||||
(To record issuance of common stock) |
Date | Account | Dr | Cr | |||
Equipment | $9,800 | |||||
Cash | $800 | |||||
Accounts Payable | $9,000 | |||||
(To record equipment purchased) |
Date | Account | Dr | Cr | |||
Cash | $24,750 | |||||
Notes Payable | $24,750 | |||||
(To record borrowing from local bank) |
Date | Account | Dr | Cr | |||
Notes receivables | $24,000 | |||||
Service Revenues | $24,000 | |||||
(To record service perfomed) |
Date | Account | Dr | Cr | |||
Wages Expenses | $5,615 | |||||
Cash | $5,615 | |||||
(To record wages paid) |
Date | Account | Dr | Cr | |||
Supplies | $15,250 | |||||
Accounts Payable | $15,250 | |||||
(To record supplies purchased on account) |
Date | Account | Dr | Cr | |||
Cash | $15,400 | |||||
Service Revenues | $15,400 | |||||
(To record service performed) |
Date | Account | Dr | Cr | |||
Accounts Payable | $4,500 | |||||
Cash | $4,500 | |||||
(To record payment of accounts payable) |
Date | Account | Dr | Cr | |||
Cash Dividend payable | $10,500 | |||||
Cash | $10,500 | |||||
(To record payment of dividends) |
Date | Account | Dr | Cr | |||
Cash | $12,000 | |||||
Notes receivables | $12,000 | |||||
(To record cash received) |
Date | Account | Dr | Cr | |||
Electric service | $520 | |||||
Notes Payable | $520 | |||||
(To record note payable) |
Date | Account | Dr | Cr | |
Accounts Receivable | $7,500 | |||
Service Revenues | $7,500 | |||
(To record service performed) |
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: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.