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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. |
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Income Statement: Single-Step Income Statement | AccountingCoach.com Only look at the second one, not the one with only two lines. |
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