Question
1.Mr. Michael Martinez invested $30,000 cash in opening his Interior design Company. 2.Bought a Copy Machine on $ 3,000 on credit 3.Bought a computer on
1.Mr. Michael Martinez invested $30,000 cash in opening his Interior design Company.
2.Bought a Copy Machine on $ 3,000 on credit
3.Bought a computer on credit $ 700.
4.Charged a fee to a customer $ 5,000 cash
5.Paid the rent $ 1,600 cash
6.Paid cleaning $ 50 cash
7.Got a loan from Chase Bank $ 15,000
8.Bought Office supplies $ 800 on credit from BJs.
9.Charged a Fee to a customer $ 9,000 to be received in a month.
10.Paid back to Chase $ 1,800 cash.
11.Charged a fee to a customer $ 15,000, the customer paid $ 2,000 cash and the due balance in a month.
12.Bought Office Furniture on credit from Staples $ 7,000.
13.Bought Office supplies $ 500 cash.
14.Returned the computer bought on transaction # 3 due to malfunctioning and got his credit back.
15.Received 2,000 cash from credit customers.
Required:
T-Accounts
Trial Balance
Balance Sheet
Income Statement
Hand writing is better
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