1.Bonnie's Bookkeeping Service, Inc. began business as a corporation in October 2022. Several transactions which occurred in 2022 are described below. Perform the following (1) Record each transaction in proper form in a general journal, including written explanations (2) Post each entry to a "T" account - General Ledger, (3) Prepare a Trial Balance, (4) Prepare the Balance Sheet, Statement of Retained Earnings, and Income Statement. All parts must be completed on the sheets attached. Assignments must be submitted in class or emailed by the due date. All late assignments will receive a significant grade reduction for "EACH" day it is late (30\%). No exceptions!! \begin{tabular}{ll} \hline Due Dates: & Journal Entries, the Ledger and Trial Balance V \\ & The Ledger, Trial Balance and Financial Statements -1 \\ \hline \end{tabular} (1) October 23, 2022: Stockholders invested cash of $30,000 in the business and received 3,000 shares common stock as evidence of their ownership interest. (2) November 1, 2022: Rent of $1,500 was paid for the month of November. (3) November 2, 2022: Purchased folders and office supplies of $1,100 in cash. (4) November 7, 2022: Computer and office equipment with a cost of $6,000 was purchased on credit; payment is due within 30 days. (5) November 14, 2022: Bills totaling $4,800 were presented to customers for bookkeeping services performed; $2,900 was received in cash immediately; the balance is due within 20 days. (6) November 18, 2022: Full payment was made for the computer and office equipment purchased on November 7. (7) November 22, 2022: Payment of $1,000 was received from customers with balances due from November 14. (8) November 28, 2022: Employee salaries of $2,300 were paid. (9) December 1, 2022: Rent of $1,500 was paid for the month of December. (10) December 21, 2022: Performed $4,700 of bookkeeping services and billed clients. (11) December 31, 2022: Recorded depreciation expense on the equipment purchased in November, using the straight-line method and a useful life of 4-years.(Round to nearest month and pro-rate the depreciation for the year) (12) December 31, 2022: A physical inventory count of office supplies revealed that $400 of supplies remains. (13) December 31, 2022: Employee salaries of $2,300 were earned, but will not be paid until January 4, 2022. 1.Bonnie's Bookkeeping Service, Inc. began business as a corporation in October 2022. Several transactions which occurred in 2022 are described below. Perform the following (1) Record each transaction in proper form in a general journal, including written explanations (2) Post each entry to a "T" account - General Ledger, (3) Prepare a Trial Balance, (4) Prepare the Balance Sheet, Statement of Retained Earnings, and Income Statement. All parts must be completed on the sheets attached. Assignments must be submitted in class or emailed by the due date. All late assignments will receive a significant grade reduction for "EACH" day it is late (30\%). No exceptions!! \begin{tabular}{ll} \hline Due Dates: & Journal Entries, the Ledger and Trial Balance V \\ & The Ledger, Trial Balance and Financial Statements -1 \\ \hline \end{tabular} (1) October 23, 2022: Stockholders invested cash of $30,000 in the business and received 3,000 shares common stock as evidence of their ownership interest. (2) November 1, 2022: Rent of $1,500 was paid for the month of November. (3) November 2, 2022: Purchased folders and office supplies of $1,100 in cash. (4) November 7, 2022: Computer and office equipment with a cost of $6,000 was purchased on credit; payment is due within 30 days. (5) November 14, 2022: Bills totaling $4,800 were presented to customers for bookkeeping services performed; $2,900 was received in cash immediately; the balance is due within 20 days. (6) November 18, 2022: Full payment was made for the computer and office equipment purchased on November 7. (7) November 22, 2022: Payment of $1,000 was received from customers with balances due from November 14. (8) November 28, 2022: Employee salaries of $2,300 were paid. (9) December 1, 2022: Rent of $1,500 was paid for the month of December. (10) December 21, 2022: Performed $4,700 of bookkeeping services and billed clients. (11) December 31, 2022: Recorded depreciation expense on the equipment purchased in November, using the straight-line method and a useful life of 4-years.(Round to nearest month and pro-rate the depreciation for the year) (12) December 31, 2022: A physical inventory count of office supplies revealed that $400 of supplies remains. (13) December 31, 2022: Employee salaries of $2,300 were earned, but will not be paid until January 4, 2022