The writer is very fast, professional and responded to the review request fast also. Thank you.
Thrifty Tax Services, Inc. was organized in 2018 to provide tax and accounting services to small businesses. The following are balance sheet values as of June 1, 2018:
Cash $ 1,400
Accounts receivable 750
Supplies 210
Equipment 8,200
Patent 5,900
Accounts payable 600
Notes payable -0-
Common Stock 2,000
Additional Paid in Capital 12,000
Retained earnings 1,860
Total $16,460 $16,460
Consider the following transactions that occurred during June 2018:
Required
1. Enter beginning balances in T-accounts.
2. Prepare journal entries for each transaction.
3. Post the entries to the T-accounts. Key your entries with the transaction letters used here.
4. Prepare classified balance sheet for the month ended June 30, 2018. The ending balance in Retained Earnings as of June 30, 2018 (after closing entries) is $2,260.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more