A) Make a horizontal accounting model with 10 events???? B)Finish with the Financial Statement????? EVENT LIST Opened bank account, retained earnings at $45,000. Bought Supplies for $1,150 to help start a business. Placed $5000 in common stock, future business affairs ahead. Bought a vehicle with $400 money down, taking a loan of $15,000. Preformed services for customers for $50,000. Bought Land for $30,000, taking a $10,000 loan. During the year spent $8,500 on personal affairs. Paid $750 in interest and principle $6,000 on vehicle. Paid 1,000 in interest and principle $8,200 Had Credit Card purchases up to $4,700 (expenses) for others that you paid for.
A) Make a horizontal accounting model with 10 events???? B)Finish with the Financial Statement????? EVENT LIST Opened bank account, retained earnings at $45,000. Bought Supplies for $1,150 to help start a business. Placed $5000 in common stock, future business affairs ahead. Bought a vehicle with $400 money down, taking a loan of $15,000. Preformed services for customers for $50,000. Bought Land for $30,000, taking a $10,000 loan. During the year spent $8,500 on personal affairs. Paid $750 in interest and principle $6,000 on vehicle. Paid 1,000 in interest and principle $8,200 Had Credit Card purchases up to $4,700 (expenses) for others that you paid for.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.10E: Effects of transactions on Accounting equation On Time Delivery Service had the following selected...
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A) Make a horizontal accounting model with 10 events????
B)Finish with the Financial Statement?????
EVENT LIST
-
Opened bank account,
retained earnings at $45,000. -
Bought Supplies for $1,150 to help start a business.
-
Placed $5000 in common stock, future business affairs ahead.
-
Bought a vehicle with $400 money down, taking a loan of $15,000.
-
Preformed services for customers for $50,000.
-
Bought Land for $30,000, taking a $10,000 loan.
-
During the year spent $8,500 on personal affairs.
-
Paid $750 in interest and principle $6,000 on vehicle.
-
Paid 1,000 in interest and principle $8,200
-
Had Credit Card purchases up to $4,700 (expenses) for others that you paid for.
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