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i need the problem on the paper to be solved just like how its shown in the screenshot. Practice Problem: The following transactions have taken

image text in transcribedi need the problem on the paper to be solved just like how its shown in the screenshot.
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Practice Problem: The following transactions have taken place in December of 2016 for Janice Chen Inc. as she established her new online clothing store opened his business checking account with $100.000 from her own savings account 12/4 Purchased supplies for $1200 of which he only uses 1/2 for the month. 6. Inventory purchase amounted to $ 30,000 on credit which she only used X by Dec. 31, 2016 as part of the cost of gods sold. 7. Purchased an equipment of $ $60,000 for 5 years on Dec. 1, 2016. This equipment will be depreciated on straight line basis for 5 years starting on December 1, 2016 8. The online cash sales totaled $ 70,000 for the month of December, 2016 10 She purchased a computer for $4000 cash on December 10. She hired an assistant and period him a salary of $3,500 for the month of December, 15. 2016 25. She withdrew $3,000 for his personal use 27. She billed a client for $15,000 on December 15, 2016 30 She paid 1/4 of what he owed on the inventory purchase Required: Prepare T-Accounts, Prepare Trail Balance, Income statement, Owner's Equity Statement and the balance sheet for the company as of December 31, 2016 Salaries espere Supplies expense Total Expenses Joseph Schmidt, Beginning Capital Add Net income Les joseph Schmidt, withdraw Joseph Schmidt, Ending Capital Liabilities and user's Equity Total & Omer's Equity

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