Question

PLEASE I AM NOW REPOSTING MY QUESTION, NEED HELP ASAP PLEASE!!!!!!

Hi Friends, please help me out i have been trying to do this but answer is still incorrect.
Question: Prepare a statement of profit and loss for iBeauty Salon for as at 31st/10/2017

1. Capital of $120,000
2. Paid rent for the month October $12,800
3. Purchased Beauty supplies for the year $20,000 for cash
4. Bought chairs and coffee table on credit from Wellness Supplies %48,000
8. Paid salaries $2,000
15. Banked Takings from first full week of operation $3,300
15. Paid Salaries $2000
18. Bought new lights for $2800 and paid cash
22. Banked takings $5000
22. Paid salaries $3000
24. Withdrew cash for personal use $6000
27. Banked Takings $4700
31. Paid Monthly Power and Gas $1680

Answer 1

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