5) For the following independent situations, determine the amount of net income or net loss. a) Revenues for the year were $200,000 and expenses were $103,000. The owner withdrew $40,000 for personal use and made an additional investment of $30,000 during the year. (1.5 Marks) b) Revenues for the year were $154,000 and expenses were $189,000. The owner made an additional investment of $90,000 and withdrew $67,000 for personal use. (1.5 Marks) 6) Jack Thompson began a courier company on October 1, 2019 called Thompson Trucking. Transactions that occurred in the month of October are listed below: Oct. 1 5 6 10 12 13 18 23 27 28 Jack invested $40,000 cash and a truck with the fair value of $26,000 in the business Paid $1.200 cash for a new computer. Paid four months' rent on the warehouse of $1,800. Received $700 cash from a client for delivery services. Purchased packing supplies on account, $2,300. Performed delivery services for a customer and billed the client $1,200. Jack withdrew $500 from the company bank account for his personal use. Paid $700 for the packaging supplies purchased on Oct. 12. Paid the October utility bill, $300. Paid an assistant's salary of $1,500. Oct: 31 Received $900 cash from a customer on account D) Record each transaction in the general journal. (7 Marks) E) Prepare an October 31 trial balance. (Marks) 7) On January 1, 2019, William Kelly started Kelly's Computer Service by investing $10.000. On January 3, the business borrowed $10,000 from a creditor and executed a