Question: Given the information about Ken below, what would his T accounts, trial balance, statement of income, balance sheet, and cash analysis look like? Transactions during
Given the information about "Ken" below, what would his T accounts, trial balance, statement of income, balance sheet, and cash analysis look like?
| Transactions during April 2021: | |||||||||
| A - Apr. 2 | Ken invests $10,000 of his own money into the business | ||||||||
| B - Apr. 2 | Purchaseswith cash 2 lawmowers each with a cost of $400 | ||||||||
| C - Apr. 2 | Purchases with cash 2 trimmers at a cost of $180 each | ||||||||
| D - Apr. 2 | Purchases with cash 2 rakes at a cost of $20 each | ||||||||
| E - Apr. 3 | Using his credit card he places an ad in a local community website for $300 for the month | ||||||||
| F - Apr. 3 | Using his credit card he pays the monthly $200 fee for a website that can handle payments | ||||||||
| G - Apr. 4 | Purchases with cash $100 worth of gas. He will treat the gas as an expense. | ||||||||
| H - Apr. 30 | Records sales of $2,000of which he received $1,500 in cash and $500 on credit | ||||||||
| I - Apr. 30 | Pays a worker $800 in cash for the work performed in the month | ||||||||
| J - Apr. 30 | Recrds the depreciation for his equipment - lawnmowers, trimmers, and rakes | ||||||||
| Ken believe his equipment will last 2 years and he will operate for 6 months per year | |||||||||
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