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Analyze the following transactions for Alpha Corporation for the month of April and prepare the General Ledger accounts, Trial Balance, and Income Statement. Date Account

Analyze the following transactions for Alpha Corporation for the month of April and prepare the General Ledger accounts, Trial Balance, and Income Statement.

Date

Account Title

Debit ($)

Credit ($)

Apr 1

Cash


50,000

Apr 5

Purchases

20,000


Apr 10

Sales Revenue


60,000

Apr 15

Rent Expense

7,000


Apr 20

Accounts Payable

10,000


Apr 25

Utilities Expense

2,000


Apr 30

Depreciation Expense

1,800


Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 25%.

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