Reference no: EM133042805

Question - The following transaction are occurred in NET solution company:-

A. Nov.1, 2012 Chris Clark deposited $25000 in bank account in the name of net solution.

B. Nov, 10, 2012 net solution paid $20000 for the purchase of land as a future building site.

C. Nov, 10, 2012 net solution purchased supplied for $1350 and agreed to pay the supplier in the near future.

D. Nov, 18, 2012 net solution received cash of $ 7500 for providing services to customers

E. Nov 30, 2012 net solution paid the following expenses during the month wages, $2125, rent, 800, utilities, $450 miscellaneous expense, $275.

F. Nov, 30, 2012, net solution pied creditors on account, $950.

G. Nov, 30, 2012, Chris Clark determined that cost of supplies on hand at the end of the month was $550.

H. Nov, 30, 2012, Chris Clark withdraw $2000 from net solution for personal use.

Required - Seen the above transaction by tabular summery from (Accounting equation) and prepare income statement, owners' equity, balance sheet and statement of cash flow.