ABC Limited on January 1, 2020, and have operated the business for the three month period ending March 31, 2020

Prepare Income statement

statement of changes in equity

statement of financial position and

Journal entries of the following Transactions. The tax rate is 20%

Please i need help with

27500 137500 68.750 233,750 8.250 2.750 165.000 41250 13.750 27500 4125 13,750 Date Transaction 1/1/2020 Issued shares in exchange for cash 1/1/2020 Received 4-year bankloan at a 5% interest rate interest only payments made at the end of the year) 1/1/2020 Purchased furniture with cash (15 year useful life. $0 residual value, straight-line method) 1/2/2020 Purchased equipment on account (5 year useful life $5,000 residual value, double-declining balance method) 1/3/2020 Signed five-year lease on office space (rent paid in cash on the first day of the month) 1/4/2020 Purchased supplies on account 1/7/2020 Received deposit on 12-month contract from Alberta Health Services starting on February 1, 2015 1/8/2020 Performed services on account for London Drugs 1/10/2020 Paid employee wages 1/12/2020 Performed services for WestJet who paid cash for the full amount 1/14/2020 Collected 50% of outstanding receivable from London Drugs 1/18/2020 Paid 100% of outstanding obligation related to the equipment 1/22/2020 Performed services for Chinook Mall who paid cash for the full amount 1/31/2020 Paid employee wages 1/31/2020 Determined that 10% of supplies had been used 1/31/2020 Determined that 3% is the average default rate for the commercial cleaning industry (use this rate going forward) 1/31/2020 All other applicable month-end adjusting entries Date Transaction 2/1/2020 Paid monthly rent in cash 2/1/2020 Purchased computer on account (3 year useful life. $0 residual value, de clining balance method) 2/1/2020 Received deposit on 6-month contract from Brookfield Residential (services performed in equal increments starting February 2/4/2020 Received 100% of outstanding receivable from the London Drugs 2/10/2020 Paid employee wages 2/11/2020 Purchased supplies on account 2/18/2020 Paid 75% of outstanding payable relating to computer purchase 2/22/2020 Performed services on account for Peter's Drive-In 2/31/2020 Paid employee wages 2/31/2020 Determined that 75% of supplies had been used 2/31/2020 All other applicable month-end adjusting entries 8250 4,950 16.500 13.750 2.750 68,750 13,750 165,000 8,250 165000 13,750 99.000 82500 Date Transaction 3/1/2020 Sold equipment despite the fact that it was working as intended 3/1/2020 Paid monthly rent in cash 3/2/2020 Performed services on account for the Ship and Anchor 3/15/2020 Paid employee wages 3/16/2020 Purchased a 12-month insurance package starting on March 1, 2015 3/17/2020 Declared dividend for common shareholders 3/18/2020 Paid 100% of outstanding payable relating to computer purchase 3/19/2020 Purchased supplies on account 3/22/2020 Performed services on account for Husky Incorporated 3/31/2020 Paid employee wages 3/31/2020 Paid outstanding balance for supplies 3/31/2020 Determined that Peter's Drive-In was bankrupt and would not be able to pay their outstanding receivable 3/31/2020 Made a principal only bank loan payment 3/31/2020 Determined that 80% of supplies had been used 3/31/2020 All other applicable month-end adjusting entries 1375 49,500 13,750 13,750 27500 137500 68.750 233,750 8.250 2.750 165.000 41250 13.750 27500 4125 13,750 Date Transaction 1/1/2020 Issued shares in exchange for cash 1/1/2020 Received 4-year bankloan at a 5% interest rate interest only payments made at the end of the year) 1/1/2020 Purchased furniture with cash (15 year useful life. $0 residual value, straight-line method) 1/2/2020 Purchased equipment on account (5 year useful life $5,000 residual value, double-declining balance method) 1/3/2020 Signed five-year lease on office space (rent paid in cash on the first day of the month) 1/4/2020 Purchased supplies on account 1/7/2020 Received deposit on 12-month contract from Alberta Health Services starting on February 1, 2015 1/8/2020 Performed services on account for London Drugs 1/10/2020 Paid employee wages 1/12/2020 Performed services for WestJet who paid cash for the full amount 1/14/2020 Collected 50% of outstanding receivable from London Drugs 1/18/2020 Paid 100% of outstanding obligation related to the equipment 1/22/2020 Performed services for Chinook Mall who paid cash for the full amount 1/31/2020 Paid employee wages 1/31/2020 Determined that 10% of supplies had been used 1/31/2020 Determined that 3% is the average default rate for the commercial cleaning industry (use this rate going forward) 1/31/2020 All other applicable month-end adjusting entries Date Transaction 2/1/2020 Paid monthly rent in cash 2/1/2020 Purchased computer on account (3 year useful life. $0 residual value, de clining balance method) 2/1/2020 Received deposit on 6-month contract from Brookfield Residential (services performed in equal increments starting February 2/4/2020 Received 100% of outstanding receivable from the London Drugs 2/10/2020 Paid employee wages 2/11/2020 Purchased supplies on account 2/18/2020 Paid 75% of outstanding payable relating to computer purchase 2/22/2020 Performed services on account for Peter's Drive-In 2/31/2020 Paid employee wages 2/31/2020 Determined that 75% of supplies had been used 2/31/2020 All other applicable month-end adjusting entries 8250 4,950 16.500 13.750 2.750 68,750 13,750 165,000 8,250 165000 13,750 99.000 82500 Date Transaction 3/1/2020 Sold equipment despite the fact that it was working as intended 3/1/2020 Paid monthly rent in cash 3/2/2020 Performed services on account for the Ship and Anchor 3/15/2020 Paid employee wages 3/16/2020 Purchased a 12-month insurance package starting on March 1, 2015 3/17/2020 Declared dividend for common shareholders 3/18/2020 Paid 100% of outstanding payable relating to computer purchase 3/19/2020 Purchased supplies on account 3/22/2020 Performed services on account for Husky Incorporated 3/31/2020 Paid employee wages 3/31/2020 Paid outstanding balance for supplies 3/31/2020 Determined that Peter's Drive-In was bankrupt and would not be able to pay their outstanding receivable 3/31/2020 Made a principal only bank loan payment 3/31/2020 Determined that 80% of supplies had been used 3/31/2020 All other applicable month-end adjusting entries 1375 49,500 13,750 13,750