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Chi Enterprises provided the following transactions for the month of April. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume

Chi Enterprises provided the following transactions for the month of April. Prepare the General Ledger accounts, Trial Balance, and Income Statement for the month. Assume all transactions are exclusive of taxes. Use the following table format:

Date

Account Title

Debit ($)

Credit ($)

Apr 1

Cash


180,000

Apr 5

Sales Revenue


200,000

Apr 10

Rent Expense

20,000


Apr 15

Accounts Payable

40,000


Apr 20

Utilities Expense

10,000


Apr 25

Salary Expense

30,000


Apr 30

Depreciation Expense

6,000


Calculate the Trial Balance, Income Statement, and Taxes assuming a tax rate of 20%.

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