Please create Income statement and Balance sheet from following data day Form Pa

Question

Please create Income statement and Balance sheet from following data

day Form Partnership? Cash 40 1 pitchers & 1 spoon Equipment 5.75 1 Purchase supplies Inventory 18.75 1 Sold 63 @ 0.50 Cash 31.5 1 Supplies used Expenses 12.12 2 Purchase supplies Inventory 14.15 2 Sold 50@ 0.50 Cash 25 2 Supplies used Expenses 10.5 3 Purchase supplies Inventory 8.75 3 Sold 47 @ 0.50 Cash 28.2 3 Supplies used Expenses 12.44 4 Purchase supplies Inventory 14.25 4 Sold 65 @ 0.60 Cash 39 4 Supplies used Expenses 14.18 5 Purchase supplies Inventory 14.25 5 Sold 54 @ 0.60 Cash 32.4 5 Supplies used Expenses 12.79 6 Purchase supplies Inventory 10.55 6 Sold 81 @ 0.60 Cash 48.6 6 Supplies used Expenses 16.52

Explanation / Answer

http://www.accounting-basics-for-students.com/balance-sheet-example.html

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