Answered: need a finantial statement

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Transcribed Image Text:I need a finantial statement for this: Sales of Soaps $50, 000 Sale of candles $ 32,000 Expenditure on materials $6, 775 Electricity payment $1,960 Rent Payment $9, 600 Depression 240 Assistant Will Be Paid $1,200 Purchase in Candle Materials $2,735 Purchase in Soap Materials 4,040 Website Payment (Shoppify) $6,000 The content manager was paid $5, 100 Cleaning Services 600 Received $1,500 in seminars 150 products sold for $8 = 1,200 300 products sold for $10 = 3,000 Paid $75 for security Took out a $1,200 loan for workshop materials 150 MRO Expenses 100 workshop materials were used The soap cutter had a depreciation of $20 $1,200 was invested in paint for the venue Took out a $500 loan for event promotion A collaboration was made with a brand where $1,000 was invested 200 inventory materials were used Paid $1,440 for soap creation Paid $1,440 in candlestick creation $600 was paid for an on-site mural $600 worth of candle manuals sold $600 worth of candle manuals sold

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