The chart of accounts for Angel s Delivery Service of Flin

#4194
The chart of accounts for Angel’s Delivery Service of Flin Flon is as follows:Angel’s Delivery
Service completed the following transactions during the month of March 2013:A. Alice Angel
invested $16,000 in the delivery service from her personal savings account.B. Bought delivery
trucks on account, $18,000.C. Bought office equipment for cash, $600.D. Paid advertising
expense, $250.E. Collected cash for delivery services rendered, $2,600.F. Paid drivers’
salaries, $900.G. Paid gas expense for trucks, $1,200.H. Performed delivery services for a
customer on account, $800.I. Telephone expense was due but not yet paid, $700.J. Received
$300 as partial payment of transaction H.K. Alice Angel withdrew cash for personal use,
$300.As Alice’s newly employed accountant, you must:1. Setup T accounts in a ledger.2.
Record transactions in the T accounts. (Place the letter of the transaction next to the entry.)3.
Foot the T accounts where appropriate.4. Prepare a trial balance at the end of March 2013.5.
Prepare from the trial balance, in proper form,a. An income statement for the month of March.b.
A statement of owner’s equity for the month of March.c. A balance sheet as of March 31,
2013.View Solution:
The chart of accounts for Angel s Delivery Service of Flin

ANSWER
http://paperinstant.com/downloads/the-chart-of-accounts-for-angel-s-delivery-service-of-flin/

1/1
Powered by TCPDF (www.tcpdf.org)