Ahmed Enterprises incorporated on May 3, current year. The company engaged in the following transactions during its first month of operations

Ensure that the Debit amount is equal to the Credit amount.

1. October 12 Issued capital stock in exchange for $(Any Amount) cash.

2. October 13 Paid October office expense of $(Any Amount)

3. October 14 Purchased supplies for the workplace for $(Any Amount) cash. The supplies will last for several months.

4. October 17 Purchased office equipment for $(Any Amount) on the account. The entire amount is due November 17.

5. October 19 Purchased a company car for $(Any Amount). Paid $( Any Amount) cash and issued a note payable for the remaining amount owed.

6. October 21 Billed clients $(Any Amount) on the account).

7. October 27 Declared a $(Any Amoun) dividend. The entire amount will be distributed to shareholders on November 27.

8. October 30 Paid May utilities of $(Any Amount).

9. October 31 Received $(Any Amoun) from clients billed on October 21.

10. November 1 Recorded and paid salary expense of $(Any Amount) You are requested to

a) Prepare journal entries, including explanations.

b) Post each entry to the appropriate ledger accounts (use the T account format)

c) Prepare a trial balance

d) Prepare Profit & Loss Account ( Income Statement)

e) Prepare the Balance Sheet.