Date | Transaction Description | Receipts | Payments |
1/1/2020 | Cash deposit to start business | $ 10,000.00 | |
1/1/2020 | Three month's rent | $ 2,400.00 | |
1/1/2020 | Cash register paid for | $ 450.00 | |
1/1/2020 | Store furniture paid for | $ 8,500.00 | |
1/31/2020 | Receipts for sales in January 2020 | $ 6,500.00 | |
2/7/2020 | Widgets supplied in January paid for | $ 4,500.00 | |
2/25/2020 | Cash withdrawn for your own expenses | $ 3,000.00 | |
2/29/2020 | Receipts for sales in February 2020 | $ 9,000.00 | |
3/15/2020 | Widgets supplied in February paid for | $ 6,000.00 | |
3/16/2020 | Store utility charges for Jan, Feb, Mar 2020 | $ 300.00 | |
3/31/2020 | Receipts for sales March 2020 | $ 12,000.00 | |
3/31/2020 | Balance in bank on March 31st 2020 | $ 12,350.00 | |
$ 37,500.00 | $ 37,500.00 |
The business buying and selling widgets. I need an income statement that covers the first quarter of 2020 and What is the net surplus/loss of your business for the three months? Please, thank you
Get Answers For Free
Most questions answered within 1 hours.