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

  1. Opened a bank account with previously earned (retained earnings) money for $50,000

  1. Bought a house by paying $25,000 down in cash and taking a loan of $225,000

  1. Bought a vehicle by paying $800 down in cash and taking a loan of $32,200

  1. Worked (performed services) to clients for $45,000 cash

  1. Paid for materials used (expense) in the services performed with cash for $13,000

  1. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500

  1. During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash

  1. During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash

  1. During the year, you paid $18,500 for personal-related expenses in cash

  1. 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

  1. Opened a bank account with previously earned (retained earnings) money for $50,000

  1. Bought a house by paying $25,000 down in cash and taking a loan of $225,000

  1. Bought a vehicle by paying $800 down in cash and taking a loan of $32,200

  1. Worked (performed services) to clients for $45,000 cash

  1. Paid for materials used (expense) in the services performed with cash for $13,000

  1. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500

  1. During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash

  1. During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash

  1. During the year, you paid $18,500 for personal-related expenses in cash

  1. 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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