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Following Transactions appeared in the books of Rolo&Co. in the month of January, 2021 Date(in the Transactions month of January 1 3 5 10 12
Following Transactions appeared in the books of Rolo&Co. in the month of January, 2021 Date(in the Transactions month of January 1 3 5 10 12 15 17 20 72223 25 30 Rolo Kern invested $15,200 cash and $1000 worth of office equipment Purchased office equipment on account, $50 Bought office supplies for cash, $40 Collected $2400 for repairing services rendered. Rolo paid his home electric bill from the company bank account, $20. Provided $1100 worth of repairing services to clients on account Paid salaries, $160 Purchased machinery on account from Ling Corp., $400 Paid salaries, $80 Paid Ling Corp. one-half amount owed for machinery Paid rent of office, $100 Prepare a full accounting cycle as on January 31, 2021 including- Journal, T accounts, Trial balance. Also prepare Income statement, statement of changes in equity and balance sheet as on January 31, 2021
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