- Jack Uzi Wholesale Toys Online Operates Out Of His Office In His Parents Apartment With O Inventory Every Toy He Se 1 (143.88 KiB) Viewed 73 times
Jack Uzi, wholesale toys online, operates out of his office in his parents' apartment, with O inventory. Every toy he sells is first purchased then re-sold, but only after the order comes through. You need to help him out with his bookkeeping. The following transactions occurred in October: a. Paid £500 for lease of computer equipment in advance for November b. Cash Sales of £4,847. (for stuffed animal) c. Cash sales of £4,486 (for Educational Toys) d. Cash sales of £4,702 (for Video Games) e. Cash Sales of £1,827 (for Pretend-play toys) f. Purchase of office supplies on account from Bing's Office Supply, £416. g. Withdrawal by owner (Jack Uzi) of £1,600. h. Payment on account (Bing's), £390. i. Payment of wages with cash, £2,500. j. Payment for cleaning services with cash, £74 k. Payment to purchase stuffed animal, £4,044 1. Payment to purchase Educational Toys, £3,547 m. Payment to purchase Video Games, £4,169 n. Payment to purchase Pretend-play toys, £1,382 4. Prepare a trial balance for October 31 2017 5. Prepare a cash Flow Statement for October 31, 2017 6. Prepare an Income Statement for the period ending October 31, 2017 7. Prepare a Balance Sheet for October 31, 2017