Unformatted text preview: g) Remodeled Hodgson’s personal dorm room $1,000 from Bed, Bath and Beyond and Crate and Barrel h) Collected $1,000 on account receivables in transaction (e) i) Sold part of the land for $9,000 j) Paid $300 on the account payable created in transaction (c) Prepare the journal entries, T-Accounts and post transactions. Prepare Balance Sheet, Income Statement and Statement of Owner’s Equity for the Month of February What if she financed $15,000 with a note payable and $15,000 with Uncle Fred’s money, how would that effect the Balance Sheet and Statement of Owner’s Equity?...
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This note was uploaded on 01/09/2011 for the course SMG 121 taught by Professor Arnold during the Spring '08 term at BU.
- Spring '08