Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Julia Jones opened a small business called Manhattan Interior Design; the following transactions are for September 2021: 1) Julia invested $25,000 cash to open her

Julia Jones opened a small business called Manhattan Interior Design; the following transactions are for September 2021: 1) Julia invested $25,000 cash to open her Interior Design Business. 2) Purchased Office Supplies for cash $ 300. 3) Purchased Office Equipment on account $ 7,000 4) Purchased a computer system (Office Equipment) for $4,500, paying $2,000 down and agreeing to pay the balance in 30 days. 5) Paid first month's rent $1,500 6) Performed services in cash to a customer $9,000. 7) Paid for an advertisement in the local newspaper, $1,500 8) Purchase a laser printer on account, $ 200. 9) Performed services on account to a customer $ 7,000 10) Paid salaries to employees $1,500. 11) Paid utility bill for the month, $ 300. 12) Received $ 4,000 for a decoration job at Macy's. 13) Purchased Office Furniture on account $ 5,000. 14) Collected $ 2,000 for the services performed in transaction 9. 15) Bought office furniture $ 5,000, he paid $ 2,000 cash and the due balance on account. 16) Received cash from credit customers $ 1,000. Required: .T-Accounts Trial Balance Income Statement Balance SheetType or paste question here

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis Accounting Ratio Analysis

Authors: Commerce Central

1st Edition

979-8862220773

More Books

Students also viewed these Accounting questions