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Fust Businens Major Studcats have decided to suet a business and epes st ice cream shop in the mondh ef lane: The studetiss names are, Victoria, Iman, Jeannete \& Danny. They form a company (partinership) and name it "Chicago Sammers": They docide to use the sumes same for the ice cream abop. The students divide the duties - Iman and Victoria will muke the purchases needed to produce the kee Creim. They will hire two belpers to be at the ice cream shop during busisess hours, prepare and sell the ice cream. Jeannette will wopervise the emplogors Shic atso witt be in charge of counting the materials at the end ef cach busincis diry and comminicate io Victoria ind timain born statements for esch month GABY ZAPATA, ANGFL, CENTENO 7is Incurrod $50 of freight cost, whicb they poid in cash Att tho inventory tefl ovar froen June and purchased July was fully utilined in making the ice cream in luly. 7/15 Paid in full the Furniture purchased on account in lune. 715 Paid in full the cost of the laptop 7/5 Paid in fill the cost of the QoikkBools softwire 7/30 Paid the salaries of the rwo employees for Jaly 730 Collocted 57,000 in cash sales fostructions Requirment II: Jily Financial Statements Repcat the alcps bevesintuly Trial Balance \begin{tabular}{|l|c|c|} \hline \multicolumn{3}{|c|}{ Trial Balance } \\ \hline Account Name & Debit & Credit \\ \hline Cash & & \\ \hline Merchandise Inventory & & \\ \hline Shop equipment & & \\ \hline Office Furniture & & \\ \hline Office Equipment & & \\ \hline Salary Wages & & \\ \hline Cost of Goods Sold & & \\ \hline Depreciation Expense & & \\ \hline Rent Expense & & \\ \hline Accounts Payable & & \\ \hline Sales revenue & & \\ \hline Capital & & \\ \hline Acc. Depreciation & & \\ \hline & & \\ \hline & & \\ \hline & $0.00 & \\ \hline \end{tabular}

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