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Oct 1: Owners invest $30,000 cash. 5: Buy machine for $5,000 cash. 10:...

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Accounting

Oct 1: Owners invest $30,000 cash.

5: Buy machine for $5,000 cash.

10: Buy supplies on account, $980

15: Perform services for $9,300 cash.

20: Pay telephone, $325.

22: Pay owners $1400(drawing)

28: Pay 350 on account for the transaction of Oct 10th.

  1. Prepare three financial statements.
  1. Income statement
  2. Capital statement
  3. Balance sheet

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