Jessy Diy opened a lawyer's office on March 1, 2022X. On March 31, 202X the statement of Financial Position, it is known that several accounts have the following balances

Cash $4,000, Account Receivables $1,500, Supplies $500, Equipment $5,000,

Account Payables $4,200, Share Capital Ordinary $6,000, Retained Earnings $800.

On the next page, there is a transaction for the next period, April 202X. Instruction

1. Make a recording of transactions with the Accounting Equation format as shown below. Add up the value of each account, after two transactions have been recorded. Give an explanation of

changes that occur in the value of Equity. First, enter the initial balance (above) into the related account. 2. Prepare three reports: Income Statement and Retained Earnings Statement

(Retained Earnings Statement), for April 202X, and Statement of Financial Position

per

30 April 202X

Faculty of Economics and Business

TRISAKTI UNIVERSITY 2023

INTRODUCTION TO ACCOUNTING 1 Odd Semester 2022

Transaction

1) Received $1,400 Cash from clients' Acc.Receivables (Accounts receivable) that were due.

2) Paying the debt of $2,700.

3) The amount of Service Revenue received during April is $7,900, of which $3,000 has been paid and the remainder will be paid

due in May 4) Purchased additional Equipment for $1,000 paying cash for

$400 and the rest still owed. 5) Paid Salaries expense of $3,000. Rent expense $900

and Advertising expense $350 6) Announce and pay Dividend $450

7) Received $2,000 from the Main Bank as a loan by issuing Note Payable (notes payable)

8) It is known that $210 utility expenses will be paid next month

Use the accounting equation format below to record the above transactions

Assets

= Liability

Equity

Accounts Cash Receivable + Supplies + Equipment = Payable + Payable + Cap

Acc.

Notes Share

Retained + Rev.

Earnings

- Exp.

Div.

1

2 Total

3

Total and so on.