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Diego started his account service company on 1/1/21. 1. Deposited $10,000 borrowed from uncle (A/P cr N/P cr). 2. Purchased a computer for $3,000; paid
Diego started his account service company on 1/1/21. 1. Deposited $10,000 borrowed from uncle (A/P cr N/P cr). 2. Purchased a computer for $3,000; paid 1,000 and owed balance. 3. Received $5,000 for several accounting services. 4. Billed $3,000 for his services. 5. Paid $2,500 for his assistant. 6. Purchased car $5,000 depreciated for 2 years. 7. Received 12 of what he billed (A/R) 8. Purchased supplies $1,200, used 23 by 12/3/21 To do: 1. T accounts 2. Trial Balance 3. Owner Equity 4. Income statements 5. Balance sheet
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