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Help as soon as possible please: Scenario: Use following scenario and transactions to complete the activities below. On January 4, Mary Markham, an attorney, opened
Help as soon as possible please:
Scenario: Use following scenario and transactions to complete the activities below. On January 4, Mary Markham, an attorney, opened her private law firm...Markham Law (ML). The following transactions were completed during the month. 1) Mary invested S30,000 cash and $15,000 of office equipment in the business in exRbange for capital stock 2) ML paid a month's rent of S1800 3) ML paid $1200 for office supplies 4) ML collected S20,000 of legal fees for services performed 5) ML paid a secretary salary of S2200 6) ML purchased S500 of supplies on account 7) ML bought an auto for business use. It cost $15,000. ML paid $4000 down and shares the balance(on credit 8) ML paid $4000 of dividends 9) ML paid $900 for auto maintenance and repairs 10) ML received a telephone bill for $300 11) ML paid the telephone bill 12 ML paid premiums of $1200 for one year insurance 13) ML paid $2500 for a computer 14 ML paid $700 for a cleaning service 15 ML received S5000 on Detaioeptadvanced payment for the services to be rendered in the future) from M INC OB Activities: Using the scenario and transactions above, complete the following activities. 1. Record the transactions in T accounts. make sure that Aqu number each transaction and use the account names that listed below) 2. Prepare a trial balance for the end of the month. ACCOUNT NAMES TO BE USEDStep by Step Solution
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