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1. Journalizing transactions, posting journal entries to ledgers (T -accounts) 2. Preparing trial balance 3. Preparing income statement, statement of owner's equity and balance sheet
1. Journalizing transactions, posting journal entries to ledgers (T -accounts) 2. Preparing trial balance 3. Preparing income statement, statement of owner's equity and balance sheet 4 Trevor Moore opened a law office on April 1, 2017. During the first month of operations, the business completed the following transactions: Apr. 1 Moore contributed $76,000 cash to the business, Trevor Moore, Attorney. The business gave capital to Moore. 3 Purchased office supplies, $400, and furniture, $2,200, on account. Performed legal services for a client and received $900 cash. 7 Purchased a building with a market value of $120,000, and land with a market value of $29,000. The business paid $45,000 cash and signed a note payable to the bank for the remaining amount. 11. Prepared legal documents for a client on account, $800. 15 Paid assistant's semimonthly salary, 1,230. 16 Paid for the office supplies purchased on April 3 on account. 18 Received $2,800 cash for helping a client sell real estate. 19 Defended a client in court and billed the client for $1,500. 25 Received a bill for utilities, $650. The bill will be paid next month. 28 Received cash on account, $1,700. 29 Paid $4,800 cash for a 12-month insurance policy starting on May 1. 29 Paid assistant's semimonthly salary, $1,230. 30 Paid monthly rent expense, $1,100. Moore withdrew cash of $2,000. 30
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