INSTRUCTIONS: THE OWNER IS IVETTE MARTINEZ AND IS DEDICATED TO GIVING BUSINESS CONSULTATIONS. THE BUSINESS STARTED IN THE MONTH OF OCTOBER OF THE CURRENT YEAR.

1. ANALYZE THE FOLLOWING TRANSACTIONS IN THE TABLE OF THE SIMPLE EQUATION.

2. PREPARE THE TRANSACTIONS IN A JOURNAL.

3. TRANSFER THE TRANSACTIONS TO THE RELEVANT T ACCOUNTS.

4. PREPARE THE TRIAL BALANCE OF THE COMPANY CALLED FREE CONSULTATIONS.

TRANSACTIONS:

1. MARTINEZ INVESTED $60,000 IN HER COMPANY.

2. MADE A LOAN TO BANCO SANTANDER FOR $10,000.

3. PAID $150 FOR THE ELECTRICITY BILL OF THE COMPANY.

4. PAID $500 THE MONTH OF OCTOBER OF THE BANK LOAN

5. GAVE $2,500 FOR SERVICES ON ACCOUNT TO THE CLIENTE MARIA VEGA.

6. PURCHASED A COMPUTER FROM WALMART FOR THE TOTAL OF $2,500 ON ACCOUNT.

7. MARTINEZ WITHDREW $500 FOR PERSONAL USE.

8. RECEIVED $1,500 FOR SERVICES GIVEN.

9. PAID $100 FOR AN ADVERTISEMENT OF THE COMPANY.

10. RECEIVED $500 FROM MARIA VEGA AS A PAYMENT FOR HER ACCOUNT.

CHART OF ACCOUNTS

CASH 1001

ACCOUNTS RECEIVABLE 1002

OFFICE EQUIPMENT 1003

ACCOUNTS PAYABLE 2001

NOTES PAYABLE 2002

MARTINEZ CAPITAL 3001

MARTINEZ DRAWINGS 3002

SERVICE REVENUE 4001

UTILITIES EXPENSE 5001

ADVERTISING EXPENSE 5002