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Excel Spreadsheet

  • From Business, Accounting
  • Due on 19 Jan, 2020 03:20:00
  • Asked On 19 Jan, 2020 02:22:59
  • Due date has already passed, but you can still post solutions.
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Discussion Module 1:

The data set for the discussion board is below and attached. Please input data into the following spreadsheet. There should be a spreadsheet done for each set of transactions.

1st Period of Transactions

1. Ava Lynn contributed $75,000 for 100 shares of stock in AvaL Enterprises

2. Rent was paid for $500 for the business space.

3. Fixtures were purchased for $10,000.

4. Inventory was purchased for $5,000.

5. Advertising for the grand opening was paid for in the amount of $150.

2nd Period of Transactions

1. Expenses of $300 were paid for the grand opening celebration.

2. $750 in cash was received for sales of inventory.

3. For the sale in #2, the inventory that was sold had cost $450 of the purchase in month 1.

4. The company took a loan from the bank for $25,000.

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