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1 . Enter the journal entries to record all of the business activity for the month of May ( In proper accounting format ) 2
Enter the journal entries to record all of the business activity for the month of May In proper accounting format
Compile a trial balance from the journal entries and make sure to balance the trial balance In proper accounting format
Prepare the income statement In proper accounting format
Prepare statement of changes in equity In proper accounting format
Prepare balance sheet and make sure to balance the balance sheet In proper accounting format
Given:
May
I invested $ cash into my new business.
May
I purchased printing machinery $ on cash
May
Inventories purchased $ on cash
May
Paid $ cash for delivery car
May
Cash $ paid for employees salary
May
Advertisement expenses paid in cash $
May
Loan received $
May
Cash $ paid for purchase of billing software
May
Rent paid in cash $
May
Advance cash $ paid for insurance
May
Cash $ paid for utility bills
May
Interest paid on loan in cash $
May
Cash $ paid towards principal amount of loan
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