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Please assist me in the calculations of following question : JC ENTERPRISE SOLD MERCHANDISE FOR $15000.00 purchased office equipment on account $ 4000.00 PAID RENT $12000.00 PAID SALARY $ 3000.00 PAID UTILITIES EXPENSE $ 5000.00 PAID ADVERTISING EXPENSE $3000.00 PAID TRANSPOTATION EXPENSE $ 1200.00 PURCHASE SUPPLIES ON ACCOUNT $ 750.00 performed service on account 4 5000.00 collected fees $ 6000.00 Prepare Journal entries, General ledger, Income statement (Profit/Loss Statement) and Balance sheet

Please assist me in the calculations of following question : JC ENTERPRISE SOLD MERCHANDISE FOR $15000.00 purchased office equipment on account $ 4000.00 PAID RENT $12000.00 PAID SALARY $ 3000.00 PAID UTILITIES EXPENSE $ 5000.00 PAID ADVERTISING EXPENSE $3000.00 PAID TRANSPOTATION EXPENSE $ 1200.00 PURCHASE SUPPLIES ON ACCOUNT $ 750.00 performed service on account 4 5000.00 collected fees $ 6000.00 Prepare Journal entries, General ledger, Income statement (Profit/Loss Statement) and Balance sheet

FINANCIAL ACCOUNTING
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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Please assist me in the calculations of following question :

  • JC ENTERPRISE SOLD MERCHANDISE FOR $15000.00
  • purchased office equipment on account $ 4000.00
  • PAID RENT $12000.00
  • PAID SALARY $ 3000.00
  • PAID UTILITIES EXPENSE $ 5000.00
  • PAID ADVERTISING EXPENSE $3000.00
  • PAID TRANSPOTATION EXPENSE $ 1200.00
  • PURCHASE SUPPLIES ON ACCOUNT $ 750.00
  • performed service on account 4 5000.00
  • collected fees $ 6000.00

Prepare Journal entries, General ledger, Income statement (Profit/Loss Statement) and Balance sheet

 

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