Cash | Accounts Receivable | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
a. | 192000 | 104000 | b. | a. | 3600 | |||
c. | 66000 | 13400 | d. | e. | 1920 | |||
e. | 3880 | 523 | h. | |||||
f. | 17700 | 9480 | i. | End. Bal. | 5520 | |||
920 | j. | |||||||
94000 | k. | |||||||
End. Bal. | 57257 | |||||||
Supplies | Equipment | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
a. | 2000 | 11150 | f. | a. | 24700 | |||
d. | 13400 | k. | 66000 | |||||
End. Bal. | 4250 | End. Bal. | 90700 | |||||
Building | Accounts Payable | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
b. | 520000 | 580 | g. | |||||
k. | 28000 | |||||||
End. Bal. | 548000 | End. Bal. | 580 | |||||
Note Payable | Mortgage Payable | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
66000 | c. | 416000 | b. | |||||
End. Bal. | 66000 | End. Bal. | 416000 | |||||
Common Stock | Additional Paid-in Capital | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
1640 | a. | 220660 | a. | |||||
End. Bal. | 1640 | End. Bal. | 220660 | |||||
Retained Earnings | Food Sales Revenue | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
j. | 920 | 17700 | f. | |||||
End. Bal. | 920 | End. Bal. | 17700 | |||||
Catering Sales Revenue | Supplies Expense | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
5800 | e. | f. | 11150 | |||||
End. Bal. | 5800 | End. Bal. | 11150 | |||||
Utilities Expense | Wages Expense | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
g. | 580 | i. | 9480 | |||||
End. Bal. | 580 | End. Bal. | 9480 | |||||
Fuel Expense | ||||||||
Beg. Bal. | 0 | |||||||
h. | 523 | |||||||
End. Bal. | 523 |
Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March,...
Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: Received $87,000 cash from each of the two shareholders to form the corporation, in addition to $2,700 in accounts receivable, $6,700 in equipment, a van (equipment) appraised at a fair value of $14,400,...
Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: Received $100,000 cash from each of the two shareholders to form the corporation, in addition to $4,000 in accounts receivable, $9,300 in equipment, a van (equipment) appraised at a fair value of $17,000,...
Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: Received $83,000 cash from each of the two shareholders to form the corporation, in addition to $2,300 in accounts receivable, $5,900 in equipment, a van (equipment) appraised at a fair value of $13,600,...
Help Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $95.000 cash from each of the two shareholders to form the corporation. In addition to $3,500 in accounts receivable, $8,300 in equipment, a van (equipment) appraised at a fair value...
Please help finish. Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $102,000 cash from each of the two shareholders to form the corporation, in addition to $4,200 in accounts receivable, $9,700 in equipment, a van (equipment) appraised at a...
Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $103,000 cash from each of the two shareholders to form the corporation, in addition to $4,300 in accounts receivable, $9,900 in equipment, a van (equipment) appraised at a fair value of...
Required information [The following information applies to the questions displayed below.] Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $93,000 cash from each of the two shareholders to form the corporation, in addition to $3,300 in accounts receivable, $7,900...
Required information (The following information applies to the questions displayed below.) Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $103,000 cash from each of the two shareholders to form the corporation, in addition to $4,300 in accounts receivable, $9,900...
Required information [The following information applies to the questions displayed below. Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March: a. Received $85,000 cash from each of the two shareholders to form the corporation, in addition to $2,500 in accounts receivable, $6,300...
Required information The following information applies to the questions displayed below) Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand by opening a retail sales shop. They have decided to form the business as a corporation called Traveling Gourmet, Inc. The following transactions occurred in March a. Received $80,000 cash from each of the two shareholders to form the corporation. In addition to $2,000 in accounts receivable, $5,300...