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complete in excel and please shows formulas (a) Prepare the ledger entries for the following transactions (20marks) (b) Prepare an Adjusted Trial Balance as at

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complete in excel and please shows formulas

(a) Prepare the ledger entries for the following transactions (20marks) (b) Prepare an Adjusted Trial Balance as at January 31, 2022 (25marks) (c) Prepare an Income Statement for the period ended January 31, 2022 (12marks) (d) Prepare a Balance Sheet as at January 31, 2022 (13marks) Dunn Electrical LTD was incorporated on January 1, 2022 with an initial capital of 7,000 shares of common stock having $45 par value. Assume that all transactions except credit were done using cash. During the first month of its operations, the company engaged in following transactions: Date Transaction Jan 2 An amount of $66,000 was paid as advance rent for three months. Jan 3 Paid $76,000 cash on the purchase of equipment costing $120,000. The remaining amount was recognized as a one year note payable with interest rate of 15%. Jan 4 Purchased office supplies costing $23,500 on account (credit). Jan 13 Provided services to its customers and received $84,500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased on January 4. Jan 14 Paid wages to its employees for first two weeks of January, aggregating $19,100. Jan 18 Provided $64,100 worth of services to its customers. They paid $25,900 and promised to pay the remaining amount. Jan 23 Received $34,300 from customers for the services provided on January 18. Jan 25 Received $8,000 as an advance payment from customers. Jan 26 Purchased office supplies costing $25,200 on account (credit). Jan 28 Paid wages to its employees for the third and fourth week of January: $39,100. Jan 31 Paid $7,500 as dividends. Jan 31 Received electricity bill of $44,570. Jan 31 Received telephone bill of $25,594. Jan 31 Paid miscellaneous expenses $55,500 The following are the adjusted entries at the end of month for January 2022

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