Question: i need help with this as soon as possible!! Post T Accounts, prepare a trial balance, income statement, balance sheet, and statement of owners equity.
Post T Accounts, prepare a trial balance, income statement, balance sheet, and statement of owners equity. On October 10, Denise Eagan established an interior decorating business, Marquis Designs. During the remainder of the month, Denise Eagan completed the following transactions related to the business: Oct. 10 10 11 13 14 14 15 21 24 Denise transferred cash from a personal bank account to an account to be used for the business, $25,000. Paid rent for period of October 10 to end of month, $2,000. Purchased a truck for $25,000, paying $5,000 cash and giving a note payable for the remainder. Purchased equipment on account, $3,500. Purchased supplies for cash, $1,050. Paid annual premiums on property and casualty insurance, $750. Received cash for job completed, $3,100. Paid creditor for equipment purchased on October 13, $3,500. Recorded jobs completed on account and sent invoices to customers, $8,100. Received an invoice for truck expenses, to be paid in November, $280. Paid utilities expense, $1,205. Paid miscellaneous expenses, $180. Received cash from customers on account, $2,420. Paid wages of employees, $2,500. Withdrew cash for personal use, $1,000. 26 27 27 29 30 31
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
