Create an income statement, and a balance sheet for the following transactions Date Nov Nov Nov Nov

Create an income statement, and a balance sheet for the following transactions

 

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Date Nov Nov Nov Nov Nov Nov Nov Nov Nov Nov 4 Inventory AP 8 Cash CC Fee Expense Sales Rev Sales Tax Payable COGS Inventory 10 Inventory Cash 15 AR Sales Rev Sales Tax Payable COGS Inventory 22 Utilities Exp Cash 22 AP Cash Inventory 23 AR Sales Rev Sales Tax Payable COGS Inventory 25 Sales Discount Cash AR 30 Salaries Expense Cash 30 Bad Debt Expense AR Debit $ 3,000.00 $ 9,775.79 S 302.34 $ 4,667.00 Credit $ 6,800.00 $3,000.00 $ 5,912.50 $ $ 9,375.00 S 703.13 $ 3,400.00 $ 4,667.00 500.00 $ 6,800.00 $3,000.00 $ 5,500.00 $ 412.50 $ 5,563.13 $ 3,400.00 $ 500.00 $ 3,060.00 $ 2,940.00 $ 60.00 $ 59.13 $ 5,853.37 $ 5,175.00 $ 388.13 $ 2,500.00 $3,000.00 $ 3,060.00 $ 5,912.50 $ 2,500.00 $3,000.00 Date Nov Nov Nov Nov Nov Nov Nov Nov Nov Nov 4 Inventory AP 8 Cash CC Fee Expense Sales Rev Sales Tax Payable COGS Inventory 10 Inventory Cash 15 AR Sales Rev Sales Tax Payable COGS Inventory 22 Utilities Exp Cash 22 AP Cash Inventory 23 AR Sales Rev Sales Tax Payable COGS Inventory 25 Sales Discount Cash AR 30 Salaries Expense Cash 30 Bad Debt Expense AR Debit $ 3,000.00 $ 9,775.79 S 302.34 $ 4,667.00 Credit $ 6,800.00 $3,000.00 $ 5,912.50 $ $ 9,375.00 S 703.13 $ 3,400.00 $ 4,667.00 500.00 $ 6,800.00 $3,000.00 $ 5,500.00 $ 412.50 $ 5,563.13 $ 3,400.00 $ 500.00 $ 3,060.00 $ 2,940.00 $ 60.00 $ 59.13 $ 5,853.37 $ 5,175.00 $ 388.13 $ 2,500.00 $3,000.00 $ 3,060.00 $ 5,912.50 $ 2,500.00 $3,000.00

Answer rating: 100% (QA)

Trial Balance Debit Accounts title Cash Accounts receivabl Inventory Accounts Payable ... View the full answer