Reference no: EM132636964

Calculations of following question :

JC ENTERPRISE SOLD MERCHANDISE FOR $15000.00
purchased office equipment on account $ 4000.00
PAID RENT $12000.00
PAID SALARY $ 3000.00
PAID UTILITIES EXPENSE $ 5000.00
PAID ADVERTISING EXPENSE $3000.00
PAID TRANSPOTATION EXPENSE $ 1200.00
PURCHASE SUPPLIES ON ACCOUNT $ 750.00
performed service on account 4 5000.00
collected fees $ 6000.00

Problem 1: Prepare Journal entries, General ledger, Income statement (Profit/Loss Statement) and Balance sheet