Darby Consulting, Inc., was established on March 1 . During March, Darby entered into the following transactions
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Question:
Darby Consulting, Inc., was established on March During March, Darby entered into the following transactions in lakhs:
Mar. Issued Rs common stock in exchange for cash.
Purchased Rs of supplies on account.
Prepaid Rs total for April, May, and June rent.
Paid Rs towards the March purchase of supplies.
Billed customers Rs for services rendered
Paid Rs for March advertising.
Received Rs from customers billed on March
Paid Rs in dividends to stockholders.
Paid Rs for March salaries
Paid Rs for March utilities.
Required:
Prepare a transaction statement, income statement and balance sheet
Related Book For
Discrete Mathematics and Its Applications
ISBN: 978-0073383095
7th edition
Authors: Kenneth H. Rosen
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