FROM Making an Accounting Equation Table and Financial Statements All the beginning of April, Haron Kadir launched a custom computer solutions company called Softwork The company had the following transactions | Maroe Kadir invested $65.000 cash, office equipment with a value of 55,730, and 30.000 of computer equipment in the company The company purchased and worth $22,000 for an office by paying $5,000 cash and signing a long term noto payable for $17.000 The company purchased a portable building with 24300 cash and moved it onto the land squired in The company paid $1,000 cash for the premium on a two-year insurance policy The company provided services to a client and immediately collected 54.600 cash 6 The company purchased 54,300 af additional computer equipment by paying SRO cind signing a long term not payable for $3,700 7. The company completed 1.250 8 services for a client. This amount is to be received within 30 days * The company purchased 5930 of additional office equipment on credit 9. The company completed client services for $10,200 on credit 10. The company roeived bill for rent of a computer torting device that was used on a recently completed job. The $320 rent cost must be paid within 30 days 11. The company collected $5.100 cash in partial payment from the client described in transaction 320 pay 12. The company paid S1,800 cash for wages to an assistant 13. The company 5950 cash to settle the payable created in transaction 14. The company paid S608 cash for minor maintenance of the company's computer equipment 15. H. Kadir withdrow $6,230 cash from the company for personal use. 16. The comparty paid $1,800 cash for wages to an assistant 17. The company paid 5750 cash for advertisements on the web during April Required 1. Make a Table showing how these transactions impact Accounting Equation (see videos no. 1,2,3,4). 2. Prepare an income statement (see video no 5) 3. Prepare statement of owner's equity (see video no. 5) 4 Prepare a Balance Sheet at end of April (see video no 5) FROM Making an Accounting Equation Table and Financial Statements All the beginning of April, Haron Kadir launched a custom computer solutions company called Softwork The company had the following transactions | Maroe Kadir invested $65.000 cash, office equipment with a value of 55,730, and 30.000 of computer equipment in the company The company purchased and worth $22,000 for an office by paying $5,000 cash and signing a long term noto payable for $17.000 The company purchased a portable building with 24300 cash and moved it onto the land squired in The company paid $1,000 cash for the premium on a two-year insurance policy The company provided services to a client and immediately collected 54.600 cash 6 The company purchased 54,300 af additional computer equipment by paying SRO cind signing a long term not payable for $3,700 7. The company completed 1.250 8 services for a client. This amount is to be received within 30 days * The company purchased 5930 of additional office equipment on credit 9. The company completed client services for $10,200 on credit 10. The company roeived bill for rent of a computer torting device that was used on a recently completed job. The $320 rent cost must be paid within 30 days 11. The company collected $5.100 cash in partial payment from the client described in transaction 320 pay 12. The company paid S1,800 cash for wages to an assistant 13. The company 5950 cash to settle the payable created in transaction 14. The company paid S608 cash for minor maintenance of the company's computer equipment 15. H. Kadir withdrow $6,230 cash from the company for personal use. 16. The comparty paid $1,800 cash for wages to an assistant 17. The company paid 5750 cash for advertisements on the web during April Required 1. Make a Table showing how these transactions impact Accounting Equation (see videos no. 1,2,3,4). 2. Prepare an income statement (see video no 5) 3. Prepare statement of owner's equity (see video no. 5) 4 Prepare a Balance Sheet at end of April (see video no 5)
