Alpha Company, which provides laundry services for the Month of December 2022:

1. Alpha Company sold common shares (Equity) for $12,000.

2. Located a building suitable for a dry-cleaning business and paid the first month's rent of $2,000.

3. Purchased cleaning supplies (Assets) for $500 cash.

4. Purchased cleaning equipment (Asset) on account costing $6,000.

5. Alpha Company provided services of $50,000 for cash during the month.

6. Paid $1,500 salaries to employees for the month.

7. Paid a utility bill of $1,500 for the month.

8. Paid $2,000 cash for office furniture (Assets).

9. Issued a dividend of $700.

Record the above transactions in General Journal, post them to Ledger, prepare the trial balance and present them by preparing the Income Statement, Statement of Retained Earnings, and Balance Sheet.

Answer: Total Assets = $56,300