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I have an assignment in Accounting and would like to be done. the answers should be step by step and I will upload an example
I have an assignment in Accounting and would like to be done. the answers should be step by step and I will upload an example how I need the answer to be in question
University of Modern Sciences Student Name: .......................................... College of Business Student ID: .............................................. -------------------------------------------------------------------------------------------------------------------Accounting ACCT 102: Spring 2015 - 2016 Assignment 2 10 Marks Deadline for Submission May 6th, 2016 Note: Assignment should be uploaded on the portal No marks will be given to assignments sent by e-mail Saleh Company started its operations on January 1, 2016. The following transactions took place during the first month of operations: Jan 1: Saleh invests $890,000 cash to start the business. Jan 3: Purchased furniture for $125,000, paying $65,000 in cash and sign a note for the remaining balance. Jan 8: Purchased supplies for $6,200 on credit. Jan 14: Paid $9,000 cash for January rent. Jan 19: Paid $2,100 cash for office supplies purchased on January 8. Jan 24: Services billed to customers amount to $52,000. Jan 26: Received utility bills for $11,000 for the month of January. Jan 29: Paid $32,000 cash for salaries. Jan 30: Received $40,000 cash from customers in payment for services billed on January 24. Jan 31: Saleh withdrew $5,500 from the business for personal use. Required: 1- Prepare Journal entries to record the above transactions. 2- Post to the appropriate ledger accounts. 3- Prepare the trial balance on January 31, 2016. 4. Prepare financial statements for the monthStep by Step Solution
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