cash transactions 1. Wang started a business by contributing 6,000 2. Company borrowed $2,000 from the...

cash transactions

1. Wang started a business by contributing 6,000

2. Company borrowed $2,000 from the bank on March 1. Note is 1-year 12% note with both principal and interest to be repaid on 2/28 of next year.

3. company earned $900 in revenue

4. expenses amounted to $650

5. Distributions to owners amounted to $25

prepare the four basic financial statements (balance sheet, income stmt, statement of retained earnings, stmt of cash flows)for the Month of March

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ekkarill92 answered 2 years ago

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