Analyze the transactions and do the following:-

Question

1. Post to T Accounts
2. Prepare a Chart of Account
3. Record in the General Journal
4. Post to the General Ledger
5. Prepare a Trial Balance
6. Prepare a Six Column Worksheet
7. Prepare an Income Statement
8. Prepare a Capital Statement
9. Prepare a Balance Sheet
10. Prepare Closing Entries
11. Prepare a Post-closing Trial Balance
Transactions (dates)
1. Received cash from owner as an investment, $6000
2. Bought supplies on account from Helfrey Company, $900
3. Paid cash for insurance, $150
4. Sold merchandise for cash $1,300
5. Bought Equipment for Cash $1,100
6. Paid cash for supplies, $50
7. Paid cash on account to Helfrey Company, $300
8. Sold merchandise on account to Susan Company, $2000
9. Paid cash for rent, $300
10. Returned Merchandise to Helfrey Company $200
11. Paid cash for advertisement, $100
12. Susan Company returned merchandise $500
13. Salaries, $500
14. Jack Jacky Withdrew $200
Instructions:
Analyze the transactions and do the following:-
1. Post to T Accounts
2. Prepare a Chart of Account
3. Record in the General Journal
4. Post to the General Ledger
5. Prepare a Trial Balance
6. Prepare a Six Column Worksheet
7. Prepare an Income Statement
8. Prepare a Capital Statement
9. Prepare a Balance Sheet
10. Prepare Closing Entries
11. Prepare a Post-closing Trial Balance

Answer 1

Why did you post this lengthy assignment?

With whom are you trying to communicate?

Answer 2

Received cash from owner as an investment, $6000
2. Bought supplies on account from Helfrey Company, $900
3. Paid cash for insurance, $150
4. Sold merchandise for cash $1,300
5. Bought Equipment for Cash $1,100
6. Paid cash for supplies, $50
7. Paid cash on account to Helfrey Company, $300
8. Sold merchandise on account to Susan Company, $2000
9. Paid cash for rent, $300
10. Returned Merchandise to Helfrey Company $200
11. Paid cash for advertisement, $100
12. Susan Company returned merchandise $500
13. Salaries, $500
14. Jack Jacky Withdrew $200