Journal Entries and Trail Balance

On January 1,2014, Alicia Masingale established Leopard Realty which completed the following transaction during the month:

A. Alicia Masingale transferred cash from a personal bank account to an account to be used for the business, 23500.

B. Paid rent on office and equipment for the month, 4000.

C. Purchased supplies on account, 1800

D. Paid creador on account, 675.

E. Earned sales commissions, receiving cash, 16750

F. Paid automobile expense (including rent charge ) for month, 1000, and miscellaneous expenses 800.

G. Paid office salaries, 2150.

H. Determine that the cost of supplies used was 925.

I. Withdrew cash for personal use 1600.

As a result of the January transactions (a-i ) determine the following:

a. Amount of total Revenue recorded in the Ledger _____________ .

b.Amount of total Expenses recorded in the Ledger ______________ .

c.Amount of net income for January _________________.

Assuming a beginning balance of zero determine the total increase or decrease in owners equity for january ____________, ______________.