1. Business
  2. Accounting
  3. prepare a balance sheet and income statement as a result...

Question: prepare a balance sheet and income statement as a result...

Question details
  1. Prepare a balance sheet and income statement as a result of the following transactions:
  1. Deposit $3000 in a bank account
  2. Rent a van at a cost of $400
  3. Purchase a power sweeper for $900
  4. Order 2000 circulars and paid the printer $120
  5. Purchase $300 worth of cleaning supplies
  6. Bought equipment worth $900; paid $200 now and will pay the balance later.
  7. Earned $350 for washing windows
  8. Received $900 in fees for work performed
  9. Purchased supplies for $80, with cash
  10. Hired a helper and paid him $240
  11. Earned $400 in fees for work; payment will be received later.
  12. Owner withdrew $1000 from the business for personal use
  13. Received a phone bill for $20, and payment will be made later.
  14. Paid the landlord $300
  15. Received $2000 for work performed.
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