Question

On March 1, 2010, Quality Consulting, Inc., was formed when the owners contributed $35,000 cash to the business in exchange for common stock. On April 1, 2010, the company paid $24,000 cash to rent office space for the coming year. The consulting services generated $62,000 of cash revenue during 2010. Prepare an income statement, statement of changes in shareholders’ equity, and statement of cash flows for the 10 months ended December 31, 2010, and a balance sheet at December 31, 2010.



$1.99
Sales0
Views86
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000