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Question - JC ENTERPRISE SOLD MERCHANDISE FOR $120000.00
PURCHASE FOODS FOR $71000.00
PAID RENT $12000.00
PAID SALARY $ 3000.00
PAID UTILITIES EXPENSE $ 5000.00
PAID ADVERTISING EXPENSE $2000.00
PAID TRANSPORTATION EXPENSE $ 1200.00
PURCHASE SUPPLIES ON ACCOUNT $ 750.00
Required - Prepare Journal Entries, General Ledger, Income Statement (Profit/Loss Statement) and Balance Sheet by using QuickBooks Online.
farrah company opened business as a sole proprietorship on january 1 2012. the owner contributed 525000 cash on that
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