From 1 20 Given the following transactions of Leigh's Auto Buss during 2020 Vivien Leigh invested 1,200,000 worth of building, 450,000 worth of machines, and 342,567 cash to establish a business that provides auto repair services on January 1, 2020 Vivien has then realized that her company lacks spare parts and other supplies necessary for the operation Hedy Lamar, employee of the Leigh's Auto Buss, has then search for the market values of the said supplies on January 2 The total minimum price is 450,000 Hedy Lamar ordered the supplies and paid 350,000 on January 3, the money is from Vivien's personal asset Vivien hired 5 men that will take care of rendering auto repair services on the same day, their salary is 300 a day per person On the same day, Liz Taylor prepaid the business 6 months of auto services to be rendered starting February 1 worth 234,650 On January 4, Vivien hired Lauren Bacall as cashier who will receive same salary as Hedy Lamar which is 400 a day Salaries are paid every last day of the month On February 14, Vivien sought the advice of Charles Heston about insurance and paid him 1,200 as consultation fee On February 28, Vivien bought a 1 year insurance worth 345,600 On March 15, the business issued a bill to Arnold for the service it rendered, 65,430 On April 1, Hedy ordered 400 units of tires, each tire cost 2,300 On April 14, Hedy paid the electric bill for 3 months, 34,567 Vivien made another investment of 120,000 cash on April 20 On April 30, Hedy paid the suppliers the ordered units of tires on April 1 On July 6, the business received 1,300,000 cash from Arnold for service to be rendered for 4 months starting November 1 On September 8, Rosa Carlyn paid in advanced the business for services to be rendered starting October 1 to April 1 of the next year, 3,400,000 On October 1, the business loaned from Gadon Bank 2,000,000 for future development The loan has an interest of 2 Both principal and interest are to be paid on October 1, 2026 On November 16, Vivien withdrew 100,000 from the business On the same day, Vivien had her car repair by the business, the cost of supplies used in the repair is 10,345 On the same day, the business billed Nicholson for service rendered, 56,765 On November 25, the business paid 45,000 to Jose for repairing of the machine used in the business On December 28, the business paid electric bill of 234,900 The working days for January to March are 14 days while the rest are 21 days Supplies are valued at 195,470 on December 31 Electric bill of 34,670 is incurred but unpaid The company is using expense method in recording deferrals State the income statement of Leigh's Auto Buss Revenues 1 point Total expense 1 point Net income 2 point State the statement of changes in owner's equity Beginning balance 2 point Ending balance 2 point State the balance sheet Total asset 1 point Total liabilities 1 point Total owner's equity 2 points State the cash flow statement Net cash in operating 1 point Net cash in investing 1 point Net cash in financing 1 point Net increase decrease 2 point Cash balance ending 3 point

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From 1-20. Given the following transactions of Leigh's Auto Buss during 2020 Vivien Leigh invested 1,200,000 worth of building, 450,000 worth of machines, and 342,567

From 1-20. Given the following transactions of Leigh's Auto Buss during 2020

Vivien Leigh invested 1,200,000 worth of building, 450,000 worth of machines, and 342,567 cash to establish a business that provides auto repair services on January 1, 2020.
Vivien has then realized that her company lacks spare parts and other supplies necessary for the operation. Hedy Lamar, employee of the Leigh's Auto Buss, has then search for the market values of the said supplies on January 2. The total minimum price is 450,000.
Hedy Lamar ordered the supplies and paid 350,000 on January 3, the money is from Vivien's personal asset.
Vivien hired 5 men that will take care of rendering auto repair services on the same day, their salary is 300 a day per person.
On the same day, Liz Taylor prepaid the business 6 months of auto services to be rendered starting February 1 worth 234,650.
On January 4, Vivien hired Lauren Bacall as cashier who will receive same salary as Hedy Lamar which is 400 a day.
Salaries are paid every last day of the month.
On February 14, Vivien sought the advice of Charles Heston about insurance and paid him 1,200 as consultation fee.
On February 28, Vivien bought a 1-year insurance worth 345,600.
On March 15, the business issued a bill to Arnold for the service it rendered, 65,430.
On April 1, Hedy ordered 400 units of tires, each tire cost 2,300.
On April 14, Hedy paid the electric bill for 3 months, 34,567.
Vivien made another investment of 120,000 cash on April 20.
On April 30, Hedy paid the suppliers the ordered units of tires on April 1.
On July 6, the business received 1,300,000 cash from Arnold for service to be rendered for 4 months starting November 1.
On September 8, Rosa Carlyn paid in advanced the business for services to be rendered starting October 1 to April 1 of the next year, 3,400,000.
On October 1, the business loaned from Gadon Bank 2,000,000 for future development. The loan has an interest of 2%. Both principal and interest are to be paid on October 1, 2026.
On November 16, Vivien withdrew 100,000 from the business.
On the same day, Vivien had her car repair by the business, the cost of supplies used in the repair is 10,345.
On the same day, the business billed Nicholson for service rendered, 56,765.
On November 25, the business paid 45,000 to Jose for repairing of the machine used in the business.
On December 28, the business paid electric bill of 234,900