Question
Journalise the following and prepare: Trial Balance Income Statement Balance Sheet 1 1-Apr-20 Business owner Frank invested $50,000 in cash and office equipment that had
Journalise the following and prepare:
Trial Balance
Income Statement
Balance Sheet
1 1-Apr-20 Business owner Frank invested $50,000 in cash and office equipment that had a fair vaule of $12,000
2 1-Apr-20 Prepaid $3,600 cash for three months' rent for an office
3 3-Apr-20 Made credit purchase of office equipment for $6,000 and office supplies for $1,200
4 5-Apr-20 Completed work for a client and immediately received $1,000 cash
5 9-Apr-20 completed a $4000 project for a client who will pay within 30 days
6 11-Apr-20 Paid the accounts payable created on Apr3
7 15-Apr-20 Paid $3,000 cash for the annual premium on an insurance policy
8 20-Apr-20 Received $3,200 as partial payment for the work completed on Apr9
9 22-Apr-20 Placed an order with a supplier for $4,800 of supplies to be delivered May7, 2020. They must be paid for within 15days of being received
10 23-Apr-20 Completed work for another client for $1,320 on credit
11 27-Apr-20 Frank withdrew $3,600 cash from the business to pay some personal expenses
12 30-Apr-20 Purchased $400 of additional office supplies on credit
13 30-Apr-20 Paid $350 for the month's utility bill
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