Question: Please include steps and explanations Required: Record all transactions in appropriate T-accounts (costs by nature), close all accounts and prepare an Income Statement. a) The

Please include steps and explanations

Please include steps and explanations Required: Record all transactions in appropriate T-accounts

Required: Record all transactions in appropriate T-accounts (costs by nature), close all accounts and prepare an Income Statement. a) The company recorded an invoice for rubbish disposal in the current month; value 400. b) The company recorded bank fees; value 50. c) The company sold goods worth 2 000 for 3 500 on deferred payment. d) Goods were delivered to a customer - transport cost 500 and additional insurance cost of 200, both paid by bank money transfer

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