Problem
November 1st - Coffee Co. Gains $10,000.00 in common Stock
November 1st - Coffee Co. purchases office supplies for $1,000.00 on credit.
November 3rd - Coffee Co. company pays $3,00.00 cash for rent.
November 7th - Coffee Co. caters coffee beans to American Express office and bills them $500.00 later.
November 10th - Coffee Co. pays there one employee $100.00.
November 11th - Coffee Co. pays $50.00 cash for utilities.
November 13th - Coffee Co. purchases new espresso equipment for $5,000 on credit.
November 17th - Coffee Co. pays $100 dividends to its shareholders.
November 18th - Coffee Co. collects cash from American Express Catering on November 7th.
November 20th - Coffee Co. pays $100.00 cash for advertising.
November 22nd - Coffee Co. pays $75.00 cash for office repairs.
• Prepare an adjusted the trial balance
• Develop the Financial Statements for XYZ company
• Prepare closing entries and postclosing trial balance.