TRANSACTION ANAYSIS

Transaction 1 Mr. Jan invested $ 50,000 to open a business on

Car Washing, Jan Carwashing LTD
Transaction 2 Jan Carwashing LTD purchase 2 plots of land for
its new business and payed in cash $ 40,000
Transaction 3 Jan Carwashing LTD buys supplies on account, for
$ 3,700, payable in 30 days
Transaction 4 Jan Carwashing LTD is providing carwashing
services and earns $ 7,000 of service revenues.
The full amount is collected in cash
Transaction 5 Jan Carwashing LTD performs services on
account, for $ 3,000
Transaction 6 Jan Carwashing LTD is incuring, during the
months, the following expenses: equipment rent
$1,100, employees salaries $1,200, utilities $ 400.
All expenses are paied, end of the month
Transaction 7 Jan Carwashing LTD pays $ 1,900 for the supplies
purchased (transaction 3)
Transaction 8 Jan Carwashing LTD collects $1,000 from clients
Transaction 9 Jan Carwashing LTD sells a plot of land, costing
$20,000, with $25,000
Transaction Jan Carwashing LTD declairs and pays dividends
10 for $2,100 to Mr. Jan

Requirements: provide the analysis of the 10 transactions and drafts the ending
set of financial statements (balance sheet, income statement, cash-flow
statement)