Johns snow company

Opening balance

Cash 25.200

A/R 12.000

Prepid-rent 1.500

Land 12.000

Building 24.000

Furniture 9.000

WorkEquipment 75.000

Truck 3.500

A/P 4.000

Share cap 158.200

Transactions

March

2 Paid $200 of the A/P

3 Collected full an A/R of 700

4Bought work equipment for 500 cash

5 Billed customers for 2.000 of services provided in March

8 Issued shares for 20.000 cash

10 Collected 1.500 owing from an customer

11 Bought equipment for 25.000: paid 5.000 cash, the remaining balance will be paid in 30 days.A/P

15 Paid salaries for the amount 1.000

16 Paid 600 of the A/P

20 Paid 15.000 cash in partial of the liability of

March 11; issued a bank loan for the balance

24 Paid utilities of 50

30 Received a bill for December telephone services 100

31 Collected in full an A/R of 400

31 Paid salaries of 1.000

31 Transferred 500 prepaid rent to rent expense for march

31 Received 1.000 in cash for a services to be performed in Feb

Task

1Create T accounts

2Create Trial balance

3Create Income statement and statement of changes

4Create balance sheet