Assume the Croyden coffee roasters corp. ended the month of


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Assume the Croyden coffee roasters corp. ended the month of August 2015. With these data. prepare the balance sheet of Croyden Coffee roasters corp for August 31, 2015. First prepare the balance sheet header then complete the assets section of the statement and finally complete the liabilities and stockholders equity section of the statement. Payments of cash:, ,,, Acquisition of equipment,”$208,000″,,”Cash balance, August 1, 2015″,$0 Dividends,”2,800″,,”Cash balance, August 31, 2015″,”5,600″ Retained earnings , ,,Cash receipts:, “August 1, 2015″,0,,Issuance (sale) of stock to owners,”28,400″ Retained earnings, ,,Rent expense,”1,800” “August 31, 2015″,”183,800″,,Common stock,”28,400″ Utilities expense,”5,500″,,Equipment,”208,000″ Adjustments to reconcile net income, ,,Office supplies,”7,400″ to net cash provided by operations,”1,400″,,Accounts payable,”8,800″ Salary expense,”78,600″,,Service revenue,”272,500” naomie19
posted a question ยท May 07, 2016 at 6:56pm

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