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  3. on nov 30, 2009, the zu company had the following

On Nov 30, 2009, the Zu company had the following account balance Assume the...

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Accounting

On Nov 30, 2009, the Zu company had the following account balance

image

Assume the company has zero balance on revenue and expense account. During the month of December the Zu company entered into the following transactions:

image1. Prepare general journal entries to record the preceding transactions

2. Post to the general ledger accounts

3. Prepare the earnings statement and balance sheet assuming the company is income tax exempt and all net income was retained in the business.

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