ACCT205 Anderson.xlsx - Dec 1 Randol Espy invested $80 000...

Dec 1 Randol Espy invested $80,000 cash in the company for common stock
2 Soccer Box purchased soccer equipment for $20,000 cash
2
3 SoccerBox purchased $500 of office supplies with cash
10 SoccerBox paid $12,000 cash for an annual insurance policy
14 SoccerBox paid $4,000 cash for the first payroll earned by its employees
24
28 SoccerBox paid $4,000 cash for 2 weeks' salaries earned by its employees
29 SoccerBox paid $200 cash for minor repairs to its soccer equipment
30 SoccerBox paid $150 cash for this month's telephone bill
30 Dividends of $1,000 cash were paid by soccerbox to its current shareholders
SoccerBox rented an old warehouse for $30,000 cash for the first year's (December 2019-
November 2020) rent.
SoccerBox received $85,000 cash from soccer fees paid by parents for a private youth soccer
lesson.

SoccerBox Inc.
Unadjusted Trial Balance
December 31, 2019
Investment from Randol Espy $80,000
Soccer Equipment $20,000
Rent (Dec 2019-Nov 2020) $30,000
Office Supplies $500
Annual insurance $12,000
Payroll $8000
Private Lesson Fees paid by parents $85,000
Repairs $200
Phone Bill $150
Dividends $1000
Totals $ - #VALUE!

Dec 31
31
31
31
31

SoccerBox Inc.
Adjusted Trial Balance
December 31, 2019
Totals $ - $ -

SoccerBox Inc.
Income Statement
For the year ended December 31, 2019
Revenues:
$ -
Expenses:
Total Expenses -
Net Income $ -