Question: can anyone help? That is the excel model they would like us to use but i can work with whatever you answer with Roeder Enterprises,

can anyone help?
can anyone help? That is the excel model they would like us
to use but i can work with whatever you answer with Roeder
That is the excel model they would like us to use but i can work with whatever you answer with

Roeder Enterprises, Inc. launched its cyber security business in October 2016. The first month's transactions are listed below. Oct 1 3 8 15 20 Issued capital stock for $25,000 cash Purchased equipment for $150,000, making a $10% down payment and signing a bank note for the balance Provided services to customers on account for $20,000 Paid wages expense of $8,000 Paid marketing expense of $3,000 Provided services to customers for cash of $8,000 Paid $1,000 cash on the building note Collected $12,000 on an outstanding account receivable Incurred wages expense of $8,500, to be paid on the 15th of next month Declared and paid dividend of $6,000 26 31 31 Use the associated tabs on the spreadsheet file to complete the following: 1. Prepare T-accounts for the above transactions. 2. Prepare the resulting trial balance. 3. Prepare the income statement, statement of retained earnings, and balance sheet that results from these 10 transactions. A B C D E F G J H I NOTES PAYABLE CASH 031-Oct CAPITAL STOCK 31-Oct ACCOUNTS RECEIVABLE REVENUES 31-Oct 031-Oct WAGES EXPENSE EQUIPMENT 31-Oct I NONSTONES WAGES PAYABLE MARKETING EXPENSE DIVIDENDS

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!