Exercise Accounting paragraph Year Month Day 1 2017 Aug 535,000.00 2 2017 Aug $5,000.00 3 2017 Aug $8,000.00 $700.00 4 2017 Aug $2,500.00 2017 Aus 56,000.00 5 6 7 2017 Aug $1,750.00 2017 Aug $3,100.00 8 2017 Aug $900.00 1 You invest to open a business called, >, consultant 3 You buy cash Computer Equipment for +GST OST Note 1 4 You buy cash Office Equipment for +GST +QST Note 2 You buy on account Computer equipment +GST OST 6 and Office equipment +GST +QST You provide professional services to customer pays cash +GST +QST 9 You pay the rent 12 You provide Professional services to customer on account GST+QST 11 You pay salaries expenses (secretary) 11 You pay salaries expenses (owner) 16 You sign a six month contract with customer starting today for Note 3 17 You receive payment from customer 19 You make partial payment for supplier 21 You withdraw for personal use Note 4 22 You paid the insurance for two years Note 5 2 You buy cash Office supplies for +GST+GST 24 you paid the electricity bill +GST +OST 25 You pay salaries expenses (secretary) 25 You pay salaries expenses (owner) 9 2017 $1,350.00 hus 10 2017 Aug $7,200.00 2017 Aug $1,300.00 11 12 2017 $1,850.00 5500.00 2017 14 2017 $3,600.00 AU 2017 5987.00 $430.00 15 2017 $1,000.00 17 2017 $1,500.00 20 2012 ords English (United States be here to search 450 AO Supply Chaines 1. General Journal entries Post entries in General Ledger book 2 3 4 Prepare the Trial Balance Prepare the Income statement Prepare the Owner's Equity Prepare the Balance Sheet 6 7 1 2. 3 Computer Equipment linear depreciation on 30 months, residual of $450.00 Office Equipment linear depreciation on 30 months, residual of $900.00 The contract start on the 15 The insurance is a 2 years contract The Office Supplies used for the month is $185 4 5