ABC Carpet Template for Financial Acctg Step 2 Step 3 Step 4Report Step 5Report Comp NameNetflix B Posting to T Accounts"piggy bank" CSummarizing on Trial Balance as at Nov 30,2016 DIncome...

ABC Carpet
        Template for Financial Acctg                        Step 2                        Step 3                Step 4    Report            Step 5    Report
        Comp Name                    B        Posting to T Accounts    "piggy bank"            C    Summarizing on Trial Balance as at Oct 31,2016            D    Income Statement or Profit and Loss statement                E. Preparing Financial Statements
        Month    October 31, 2016    Step 1                    T Accounts                    Trial Balance    Debit    Credit        For the Period Ending Oct 31                A. Balance Sheet as of Oct 31,2016
    A    Recording transactions/ Passing Journal Entries                        Date    Cash/Bank    Debit    Credit    Net Balance        Step 3                Net Sales    A    22,084        Assets    =    Liabilities
                                    Description                    Cash/Bank    30,800            Less: Cost of Sales    B    20,677.30
        Date    Journal Entries    Debit    Credit    Business        Oct-16    Cardinal, Capital    20,000.00                Acconts Payable        27,360        Gross Profit    C = A-B    1,406.32        Cash/Bank    30,800    Acconts Payable    27360
        Saturday, October 01, 2016    Cash    $ 20,000                Oct-16    Prepaid Rent        2,700.00            Accounts Receivable    7,466            Expenses    D            Accounts Receivable    7,466
            Cardinal, Capital        $ 20,000            Oct-16    Cleaning Expense        280.00            Book Purchases    21,202            Cleaning Expense        280        Delivery Truck    18,600
                                Oct-16    Acconts Payable        4,184.60            Cleaning Expense    280            Salary Expense        920        Prepaid Rent    2,700
                                Oct-16    Book Sales    2,420.00                Delivery Truck    18,600
        Saturday, October 01, 2016    Prepaid Rent    $ 2,700                Oct-16    Book Sales    1,047.00                Prepaid Rent    2,700
            Cash        $ 2,700            Oct-16    Account Receivable    2,791.04                Salary Expense    920                                    Cardinal, Capital    32000
                                Oct-16    Salary Expense        920.00            Sales Return & Allowances    312                                    Add - Net profit    206
                                Oct-16    Account Receivable    2,415.70                Sales Discount    208                            Balance sheet balances    $ 59,566        $ 59,566
        Monday, October 03, 2016    Book Purchases    $ 4,270                Oct-16    Acconts Payable        1,475.10            Book Sales        22,604
            Acconts Payable        $ 4,270            Oct-16    Book Purchases        3,200.00            Cardinal, Capital        32,000        Total Expenses    D    1200
                                Oct-16    Book Sales    940.00                Purchases Discount        163        Net profit    Gross Profit - Expenses
        Monday, October 03, 2016    Accounts Receivable    $ 2,465                Oct-16    Book Sales    2640.12                Purchases Return & Allowances        362.00        E    E= C-D    206.32
            Book Sales        $ 2,465            Oct-16    Account Receivable    2363.76
                                Oct-16    Cardinal, Capital    12,000.00
                                Oct-16    Acconts Payable        3,057.60
        Friday, October 07, 2016    Accounts...