Question: please explain step by step ISM INTERNATIONAL SCHOOL ANGEMENT Module Business administration 2 Financial Accounting Excercises Case Study 5: Moe's Mowing Inc On September 1,
ISM INTERNATIONAL SCHOOL ANGEMENT Module Business administration 2 Financial Accounting Excercises Case Study 5: Moe's Mowing Inc On September 1, 2018, Michael Moe incorporated Moe's Mowing inc., a company that provides mowing and landscaping services. During the month of September, the business incurred the following transactions C Please journalize the transactions To begin operations, Michael deposited 10.000 EUR cash in the business's bank account. The business received the cash and issued shares to Michael b. The business purchased equipment for 3.500 EUR on account. The business purchased office supplies for 800 EUR cash. d. The business provided 2.600 EUR of landscaping works to customer on account e. The business paid 500 EUR cash toward the equipment previously purchased on account in 1. The business received 2.000 EUR in cash for services provide to a new costumer. 8. The business paid 200 EUR cash to repair equipment. h. The business paid 900 EUR cash for September's salary expense The business received a utilities bill amounting to 150 EUR it has not paid this ball The business received 2100 EUR cash from a costumer on account k. The business paid cash dividends of 1500 EUR. transaction ToDo: 1. Journalize the transactions 2. Create the following T-accounts and post the transaction from Task 21. to the T-Accounts Cash, Accounts Receivable, Supplier, Equipment, accounts Payable, Share Capital, Dividends, Service Revenue, Salary Expense and Repair Expense. Then total each T-account to determine its balance at the End of the month 3. Prepare the trial balance of Moe's Mowing, Inc., at September 30, 2018 4. Please prepare an Income statement as of September 30, 2018. 5. Please prepare a statement of financial position / balance sheet as of September 30, 2018 Solutions to the case studies are to be developed in class. In case of questions, please contact: sven wyrwa@ism.de 15
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