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help me please Question 1 (4 points) On January 1, 2022, Jolin and her friends established Amei Company for providing printing services. A summary of
help me please
Question 1 (4 points) On January 1, 2022, Jolin and her friends established Amei Company for providing printing services. A summary of transactions in January is as follows: Date Transaction Jan. 2 Shareholders invested NT$40,000 in exchange for common stock. Jan. 2 Amei Co. paid insurance expense NT$500 and rent expenses NT$750. Jan. 3 Amei Co. purchased shop equipment for cash NTS8,000. Jan. 4 Amei Co. purchased shop supplies NT$3,000 on account. Jan. 5 Amei Co. purchased a printing machine for NT$11,500. Amei Co. paid NT$3,500 in cash and issued a 30-day note for the remaining balance. Jan. 8 Amei Co. received a cash payment of NT$1,750 for providing printing service to customers. Jan. 9 Amei Co. paid advertising expense NT$300. Jan, 12 Amei Co. paid maintenance expense NTS200 for printing machine. Jan. 14 Amei Co. paid NT$3,000 for a previous purchase of supplies on account Jan. 16 Amei Co. performed NTS1,200 of printing service on account for Acme Entertainment Company. Jan. 18 Amei Co. paid NTS75 for installation and telephone service for one month. Jan, 19 Amei Co. paid NT$180 for minor repairs on the printing machine. Jan. 20 Amei Co. performed printing service NTS2,450. Amel Co. collected NT$1,000 cash, and accepted a 60-day note for the remaining balance. Jan, 24 Amei Co. paid maintenance expense NTS150 on the printing machine. Jan. 25 Amei Co. received cash NTS1,500 for a service from Hamilton, Inc. Jan. 27 Amei Co. purchased shop supplies for cash NTS2,500. Jan, 29 Amei Co. purchased an office equipment for cash NT$1,250. Jan. 30 Jan. 31 Amei Co. collected receivables from Acme Entertainment Company. Amei Co. paid NT$900 for monthly utility bill. Jan. 31 Amei Co. paid NT$350 for maintenance on the printing machine. Required: 1. Prepare journal entries to record all transactions in January. 2. Open ledger accounts and post the journal entries to them. 3. Prepare a trial balance as of the end of January. 4. Prepare the statement of comprehensive income, statement of retained earnings, and balance sheet at January 31 for Amel Company Step by Step Solution
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