Happy Dave

Happy Dave is the owner of Dave's Pizza Garage. At the end of the Dave has assets of $30,000 and liabilities of $10,000. Using the accou the following: nd of the accounting period, Happy e accounting equation, determine a. Owner's equity at the end of the accounting period. (3 Points) 30,ooo 120,ooo equity) 10,000 b. Owner's equity at the end of the next accounting period assuming assets and liabilities decrease by $1,500 (3 Points) period assuming assets increase by $1,500 31500 -8.500 T23.000 equity) 2. Analyze, journalize (pg. 3) and update the ledger accounts (pgs. 5-6) for the following January, 20x5 transactions for Benard Consulting, a proprietorship owned by Olivia Benard a. 1-Jan: Olivia Benard makes an investment into the company of $5,000 b. 1-Jan: January rent is paid for office space in the amount of $1,500 c. 1-Jan: An annual comprehensive insurance policy is purchased for $1,800. d. 3.Jan: Provided consulting services for $3,000, due from the customer on 2/3/20X5. e. 3-Jan: Purchased supplies on account of $1,100. f. 10-Jan: Provided services for cash of $2,100. g. 12-Jan: Purchased office equipment paying cash of $1,000 h. 16-Jan: Paid $900 to vendors on account. i. 25-Jan: Provided services on account for $2,500. j. 28-Jan: Received payment on account of $3,000. k 30-Jan: Olivia Benard withdrew $500 from the company for personal use. Page 1 3. Using the general ledger balances on pages 5-7, creat (8.25 Points) .create an unadjusted trial balance at 1/31/20x5. UNADJUSTED TRIAL BALANCE Credit Account Debit