Exisnamios A sole trader business incorporates as (The white stor for cvents 3 becasion). the business has been established on Ist November 2021 \begin{tabular}{|l|l|l|} \hline TAf & Date & Transoction \\ \hline 1 & 2at. & The owner invests $500,000sesh in the business. \\ \hline \end{tabular} 2.130 The business purchises affice equigment far 510.000 cash. Wth arckal depreciation of tox for the next 10 years with no: expected salvage value. \begin{tabular}{|l|l|l} \hline 3 & 5th & The business purchoses for $5.000 sipplies on account expected to last for scyeral mionthe. \end{tabular} 4Tth The business receives 510,000 cash from customers for services it has provided. 5 9m 9 The business provides $20.000 services for a customer. It receives cash of 515000 , and it bills the bolonce of 55.000 on account. of 10%/22,/30. On meceunt A/P \begin{tabular}{l|l|l|l} 7 & 20k & The business finds out that 50 pieces are defective and refurns them bock to the supplier. \end{tabular} 821m The business piys the purchases due bolonce for the supplier. credit term of 10B/22,n/30. 9 22" The business sells 300 urits for customers for 20 each, with credit term of 5/15,n/20, on accourt [A/f] , 1023on The custamer returns 20 heodsets that den't meet the specifications. II 25 The business receives the soles due balonce from the custoreers: 12.26m The business owner withdraws $15000 cash from the baxiness for his pertoral use. 13.27 The business interviewed Mires a new secretary with bosic solary of 1000. 14 28\% The butiness receives 55000 for Maintenence services that will provide durire the nst 3 months: 1530 The business pays the following expenses in cosh for february 5 tone rent $500, salarics ond wayes of explayees 51800 ard utilities fl400. I6 30 The business purchates a 6 -month instronce policy for E2000 opsth Step 1: Transaction Analysis \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Accounts Payoble } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Unemmes meyende: \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Sales discount-contra revenue } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Sales return - contra Revenue } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Solm licuemine } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Utilities Expenses } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Salaries \& Wages Expenses } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Rent Expenses } \\ \hline Dr & Cr \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Step 4: Prepare unadjusted Trial balance: a statement (list) of the debit and credit balances faken out from ledger at a given time
