During April 2014, DMZ Company incurred the following transactions. This is DMZ's first period of operations, and they plan to use the periodic method of accounting for inventory.
In addition to liabilities arising from the above transactions, DMZ's Accounts Payable balance at April 30, 2014 is $65,000.
Instructions
a. Record the above transactions.
b. Prepare the current liabilities portion of DMZ's balance sheet at April 30, 2014.

Question

During April 2014, DMZ Company incurred the following transactions. This is DMZ's first period of operations, and they plan to use the periodic method of accounting for inventory. 
 In addition to liabilities arising from the above transactions, DMZ's Accounts Payable balance at April 30, 2014 is $65,000.
Instructions 
a. Record the above transactions.
b. Prepare the current liabilities portion of DMZ's balance sheet at April 30, 2014.

Quizplus · Accepted Answer

The Answer of During April 2014, DMZ Company incurred the following transactions. This is DMZ's first period of operations, and they plan to use the periodic method of accounting for inventory. 
 In addition to liabilities arising from the above transactions, DMZ's Accounts Payable balance at April 30, 2014 is $65,000.
Instructions 
a. Record the above transactions.
b. Prepare the current liabilities portion of DMZ's balance sheet at April 30, 2014.

During April 2014, DMZ Company Incurred the Following Transactions