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Abdo Salem opened a computer consulting business called Capital Consultants. The company completed the following transactions during the month of January 2 0 2 4
Abdo Salem opened a computer consulting business called Capital Consultants. The company completed the following transactions during the month of January :
Jan Mr Salem invested in the business $ in cash.
Purchased office supplies for $
Purchase office equipment for $ on account.
Completed a consulting service for a client and immediately received $ fees in cash.
Completed a $ project for a client, who will pay in days.
Paid $ of his liability created on January
Received $ advertising bill, will be paid later.
Received $ partial payment for work completed on January
Completed work for another client for $ Money received right away.
Mr Salem withdrew $ from the business for personal use.
Received $ utility bill for the month. The bill has not been paid yet.
Paid $ salary for his assistant.
Required
Prepare the Journal entries to record the above transactions.
Prepare the trial balance at January
Prepare the income statement, statement of owners equity, and balance sheet for January
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