السلام عليكم ورحمة الله وبركاته
هذي الاسئله, وفي المرفقات تجدون الحل
هذا حل وحده من بنات الشعبه, نزلته لكم لانه مرتب وواضح واخذت فيه الفل مارك
Green-Hands was established on December 1, and incurred the following transactions:
1. The owners deposited $70,000 cash in exchange of common stock.
2. Employees were hired and their monthly salaries were agreed to be $12,800.
3. A warehouse was rented for $24,000 paid in cash.
4. Purchased equipment $18,000 and supplies $2,000. A cash payment in the amount of $10,000 was advanced immediately; the remainder will be paid during the first year.
5. Purchased an insurance policy covering a one-year period paying $1,800 cash.
6. Paid utility bills for $500 cash.
7. Purchased furniture for $1,700 on account.
8. A revenue of $20,000 was earned in which $8,000 was received in cash and $12,000 on credit.
9. Paid a liability of $400.
10. Received $1,000 from customers in payment of accounts receivable.
11. Paid the employees salaries in full.
12. Paid dividends in the amount of $900.
Required:
a) Show the effects of the above transactions on the accounting equation.
b) Journalize the above transaction.
c) Post them to ledger accounts.
d) Prepare trail balance.
e) Prepare financial statements.