1) Peter began the business by investing $20,000 cash.

2) Purchased Office Supplies for cash $ 200.

3) Purchased a computer system (Office Equipment) for $ 2,500, paying $ 1,000

down and agreeing to pay the balance in 30 days.

4) Paid first months rent $ 2,000

5) Charged fees in cash to a customer $ 10,000.

6) Paid for an advertisement in the local newspaper, $ 500

7) Purchase a laser printer on account, $ 150.

8) Charged fees on account to a customer $ 7,000

9) Paid salaries to employees $ 1,500.

10) Paid utility bill for the month, $ 200.

11) Received $ 3,000 for repairing a network computer at Macys.

12) Purchased Office Furniture on account $ 6,000.

13) Collected $ 2,000 for the services performed in transaction 8.

14) Bought office furniture $ 5,000, he paid $ 1,000 cash and the due balance on

account.

15) Received cash from credit customers $ 4,000.

16) Withdrew $3,000 cash for personal expenses.

Required:

Trial Balance

Income Statement

Balance Sheet