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Help please, i tried multiple times and had trouble on each part of the question. a. Nguyen invested $45,000 in cash to start the business.

Help please, i tried multiple times and had trouble on each part of the question. image text in transcribed
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image text in transcribed
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image text in transcribed
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a. Nguyen invested $45,000 in cash to start the business. b. Paid $12,000 for the current month's rent. c. Bought furniture for $21,160 in cash. d. Peformed services for $16,400 in cash. e. Paid $2,500 for the monthly telephone bill. f. Performed services for $28,000 on credit. 9. Purchased equipment, a computer and copler, for $36,000, paid $14,400 in cash immediately with the balance due in 30 days h. Recelved $14,000 from credit clients. i. Paid $5,600 in cash for office cleaning services for the month (debit miscellaneous expense) j. Purchased furniture, office chairs, for $11,600; received credit terms of 30 days. k. Purchased equipment for $44,000 and paid half of this amount in cash immediately; the balance is due in 30 days: I. Issued a check for $18,800 to pay salaries. m. Performed services for $29.000 in cash. n. Performed services for $32,000 on credit. o. Collected $16,000 on accounts receivable from charge customers. p. Issued a check for $5,800 in partial payment of the amount owed for office chairs. q. Paid $1,450 to a duplicating company for photocopy work performed during the month (debit miscellaneous expense) r. Paid $2,560 for the monthly electric bill. s. Nguyen withdrew $11,000 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30,201. Determine the account balances before you start work on the financial statements. a. Nguyen invested $45,000 in cash to start the business. b. Paid $12,000 for the current month's rent. c. Bought furniture for $21,160 in cash. d. Peformed services for $16,400 in cash. e. Paid $2,500 for the monthly telephone bill. f. Performed services for $28,000 on credit. 9. Purchased equipment, a computer and copler, for $36,000, paid $14,400 in cash immediately with the balance due in 30 days h. Recelved $14,000 from credit clients. i. Paid $5,600 in cash for office cleaning services for the month (debit miscellaneous expense) j. Purchased furniture, office chairs, for $11,600; received credit terms of 30 days. k. Purchased equipment for $44,000 and paid half of this amount in cash immediately; the balance is due in 30 days: I. Issued a check for $18,800 to pay salaries. m. Performed services for $29.000 in cash. n. Performed services for $32,000 on credit. o. Collected $16,000 on accounts receivable from charge customers. p. Issued a check for $5,800 in partial payment of the amount owed for office chairs. q. Paid $1,450 to a duplicating company for photocopy work performed during the month (debit miscellaneous expense) r. Paid $2,560 for the monthly electric bill. s. Nguyen withdrew $11,000 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30,201. Determine the account balances before you start work on the financial statements

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