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1 (4 points) On January 1, 2022, Jolin and her friends established Amei Company for providing printing services. A summary of transactions in January is
1 (4 points) On January 1, 2022, Jolin and her friends established Amei Company for providing printing services. A summary of transactions in January is as follows: Date Transaction Jan. 2 Jan. 2 Shareholders invested NT$40,000 in exchange for common stock. Amei Co. paid insurance expense NT$500 and rent expenses NT$750. Jan. 3 Amei Co. purchased shop equipment for cash NT$8,000. Jan. 4 Amei Co. purchased shop supplies NT$3,000 on account. Amei Co. paid maintenance expense NT$200 for printing machine. Amei Co. paid NT$3,000 for a previous purchase of supplies on account. Jan. 5 Jan. 81 Jan. 9 Jan. 12 Jan. 14 Amei Co. purchased a printing machine for NTS11,500. Amel Co. paid NTS3,500 in cash and issued a 30-day note for the remaining balance. Amel Co. received a cash payment of NTS1,750 for providing printing service to customers. Amei Co. paid advertising expense NT$300. Jan. 16 Amei Co. performed NT$1,200 of printing service on account for Acme Entertainment Company Jan. 18 Amei Co. paid NT$75 for installation and telephone service for one month. Jan. 19 Amei Co. paid NT$180 for minor repairs on the printing machine. Jan. 20 Jan, 24 Amei Co. performed printing service NT$2,450. Amei Co. collected NTS1,000 cash, and accepted a 60-day note for the remaining balance. Amei Co. paid maintenance expense NTS150 on the printing machine. Jan. 25 Jan. 27 Amei Co. received cash NTS1,500 for a service from Hamilton, Inc. Amei Co. purchased shop supplies for cash NT$2,500. Jan. 29 Amei Co. purchased an office equipment for cash NT$1,250. Jan. 30 Jan. 311 Amei Co. collected receivables from Acme Entertainment Company. Amel Co. paid NT$900 for monthly utility bill. Jan. 31 Amei Co. paid NTS350 for maintenance on the printing machine. Required: 1. Prepare journal entries to record all transactions in January. 2. Open ledger accounts and post the journal entries to them. 3. Prepare a trial balance as of the end of January. 4. Prepare the statement of comprehensive income, statement of retained earnings, and balance sheet at January 31 for Amei Company
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