Reference no: EM131809117

Assignment

I. Prepare the Cost of Goods Sold, Income Statement Balance Sheet for the period February 2016 .

(Present Jornal inputs and states should have the right format and header)

1. Angelica invested $ 200,000 to set up shop selling lamps, -IN. feb. 1
2. February. 1 a pre-paid one-year $ 2.400 in cash on February 1 insurance was purchased.
3. Lamps bought-in Elvia 's Inc. $ 1,500 in office supplies to pay them within 90 days. feb. 5
4. Lamp-in bought Tania LAMP lamps Distributor 150-x to $ 10 and SP FOB was $ 100.00 on credit days in February. 10.
5. 8-x lamps were sold at $ 25.00 each at FOB $ 200 cash DP. Feb. 15
6. Angelica told his accountant Sheila to pay $ 500.00 of what is due to Elvia and half of what is owed to Tania. Feb. 18
7. Decorations Ivelisse sent an invoice for $ 1,575.00 for office decoration. Feb. 18
8. 40-x lamps were sold at $ 30.00 each. SP FOB $ 150. Feb. 20 All credit.
9. Cross and Diana are selling lamps and each charges $ 300.00 Sheila accounting charges $ 750.00. the wage payment to all. Feb. 22.
10. You will pay the bill Ivelisse Feb. 25.
11. At the end of the month were only $ 650 for office supplies
12. Angelica withdrew $ 1,250.00 for personal use in February. 28.