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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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 17Q: A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300....
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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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