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Homework Question: a. Journalize the following transactions of MIYA Service Company for the month of March, 2019. 1. Tark Saygl invested $300,000 cash, $20,000 worth
Homework Question: a. Journalize the following transactions of MIYA Service Company for the month of March, 2019. 1. Tark Saygl invested $300,000 cash, $20,000 worth of office equipment, and $120,000 worth of land for the establishment of the business. 2. Purchased office supplies for $5,000 on account. 3. Purchased office equipment for $20,000 paying $10,000 in cash and signing a 2-months note for the balance. 4. Provided service to ODIN Company for $50,000; collecting $30,000 in cash and received a 4-months note for the balance. 5. Paid 1 year's rent of $60,000 in advance. 6. Collected $12,000 from KATHY Company for a service that will be completed over the next 6 months. 7. Provided service to STORM Company for $25,000 on account. 8. Provided $2,000 worth of service to KATHY Company. 9. Collected $5,000 from ODIN Company. 10. Paid for the supplies purchased on account. +ba b. Prepare a Balance Sheet of MIYA Company as of March, 31, 2019. c. Prepare an Income Statement of MIYA Company for the month of March
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