on a paper pls Day 1. Established a company with authorized capital - 150000...
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on a paper pls
Day 1. Established a company with authorized capital - 150000 AZN. Day 2 Rented an office with monthly fee - 1000 AZN. Day 3. Hired employees: Monthly salary - 10000 AZN. Day 5. Obtained a car for transporting of goods - 15000 AZN. Day 8. Purchased 700 units of microprocessors by the price 70 AZN per unit. Day 16. Purchased 1000 video graphic adapters by the price 200 AZN per unit. Day 20. The company realized 600 units of microprocessors and 500 units of video graphic adapters with 70% trade surcharge. Day 24. The company received bill for utilities - 100 AZN. Day 30. All expenses were paid out at the end of the month. Required: a) Prepare Income Statement (5 points) b) Prepare Balance sheet (5 points) C) Calculate the quick ratio and current ratio (5 points)
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