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Penz - PowerPoint PPT Presentation


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Penz. Will. Foster . Penz Need a pen…Never could find one when you need it..Well come on down to penz .

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Penz

Will. Foster

slide2

Penz

  • Need a pen…Never could find one when you need it..Well come on down to penz.
  • As a co-owner my business we sell pens and only pens. We have all kinds of pens from no names to the best names. Our price ranges from .35 cent to 735.00. Our color range is just something you would have to see in person. We have collected pens also. One of our major sellers is our 14 k three diamond notorious pen.
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Create a chart of accounts with the accounts listed below for penz Co.

Balance sheet AccountsIncome Statement Accounts

(1000) Assets (4000) Revenue

1100. Cash. 4100. Sales

1200 A/R Cathy Vento (5000)

1300. A/R Johnny Dippy 5100. Purchases

2100. A/P Allota Pens. Co Accounts Receivable Ledger

2200. Ball Points. Inc. 110. Cathy Vento

(3000) Owner’s Equity 120. Johnny Dippy

3100. Will. Foster, Capital 130. Iris Blanc

3200. Will. Foster, Drawing Accounts Payable Ledger

3300. Lamar Fowler, Capital 210. Allota Pens. Co

3400. Lamer Fowler, Drawing 220. Ball Points.Inc

3500. Income Summary