assistance with accounting
Question:
Date Bank+ Furniture+ Equipment = Creditors + Capital+profit
01 4000 6000 2000 10000 10000
Transactions
Oct 02 The owner invests a further R6 000 cash in the business
06 The owner supplies additional equipment to the value of R20 000 to the business
08 New furniture to the value of R1000 is purchased on credit
14 A cheque for R2 500 is paid to a creditor
17 Services rendered for the cash amount of R4 000
22 A cheque for R3 000 is received from a debtor
27 Services are rendered on credit to the value of R6 000
31 Paid
Salaries R1000
Electricity R200
Sundry Expenses R700
Required Record the above-mentioned transactions in tabulated form and balance the equatioin after each transaction - I know how to do this
Prepare the income statement of Tshauambela Services LTD for October 2008
Prepare the statement of changes in equity for October 2008
Prepare the balance sheet as at 31 October 2008
Please help I am stuck at the income statement.
