Question: Formula worksheet? Journal Entries? Financial statements? Event List Opened a bank account with previously earned (retained earnings) money for $50,000 Bought a house by paying
Formula worksheet?
Journal Entries?
Financial statements?
Event List
- Opened a bank account with previously earned (retained earnings) money for $50,000
- Bought a house by paying $25,000 down in cash and taking a loan of $225,000
- Bought a vehicle by paying $800 down in cash and taking a loan of $32,200
- Worked (performed services) to clients for $45,000 cash
- Paid for materials used (expense) in the services performed with cash for $13,000
- Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500
- During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash
- During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash
- During the year, you paid $18,500 for personal-related expenses in cash
- At the end of the year, you purchased $3,250 in gifts (expenses) for others that you paid for with a new credit card
Event List
- Opened a bank account with previously earned (retained earnings) money for $50,000
- Bought a house by paying $25,000 down in cash and taking a loan of $225,000
- Bought a vehicle by paying $800 down in cash and taking a loan of $32,200
- Worked (performed services) to clients for $45,000 cash
- Paid for materials used (expense) in the services performed with cash for $13,000
- Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500
- During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash
- During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash
- During the year, you paid $18,500 for personal-related expenses in cash
- At the end of the year, you purchased $3,250 in gifts (expenses) for others that you paid for with a new credit card
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