Listed below are transactions of Zane Bowens new start up business, since opening his leadership consulting business in September 20X1 Mr Bowen needs some assistance in preparing journal entries and financial statements for his first four months of operation in preparation to establish financial records to see how hes performing the first few months Dec 1 Maintenance on equipment of $55, paid on account Dec 1 Invests in Research Development with other consultants of $1,200 on account Dec 1 Pays $1,000 on R D payable Dec 2 Pays rent for office space, $700 for the month Dec 5 Receives $3,700 from customers on account Dec 5 Purchases office supplies for cash $325 Dec 8 Receive cash of $3,750 from customers for services performed Dec 10 Pays miscellaneous office expenses, $175 Dec 12 Bills customers $5,500 for services performed Dec 20 Receives $5,750 from customers on account Dec 24 Bills customers $4,125 for services performed Dec 30 Pays the following expenses in cash Salaries and wages $1,900 miscellaneous office expenses $450 Dec 31 Office Supplies used during December, $475 Dec 31 Receives $23 interest income on deposit accounts Dec 31 Reserve for Uncollectible Accounts of $1,575 Dec 31 Accounts deemed uncollectible of $250 Dec 31 Prepares Closing Entries for Dec Enter the transactions shown above in appropriate general ledger accounts (i e T Accounts) Use the following ledger accounts Cash, Accounts Receivable, Allowance for Uncollectible A R, Supplies, Equipment, Accumulated Depreciation Equipment, Accounts Payable, Owners Capital, Revenue, Interest Income, Salaries Wages Expense, Rent Expense, Repairs Maintenance Exp, Research Development Expense, Office Expenses, Supplies Expense, Depreciation Expense, Bad Debt Expense, and other applicable accounts Prepare a trial balance for each month end cutoff Prepare a Balance Sheet for each month end, an Income Statement for each month end, a Statement of Owners Equity for each month end, and a Statement of Cash Flows for year end only

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Listed below are transactions of Zane Bowens new start-up business, since opening his leadership consulting business in September 20X1. Mr. Bowen needs some assistance in

Listed below are transactions of Zane Bowen’s new start-up business, since opening his leadership consulting business in September 20X1. Mr. Bowen needs some assistance in preparing journal entries and financial statements for his first four months of operation in preparation to establish financial records to see how he’s performing the first few months.

Dec. 1	Maintenance on equipment of $55, paid on account.
Dec. 1	Invests in Research & Development with other consultants of $1,200 on account
Dec. 1	Pays $1,000 on R&D payable.
Dec. 2	Pays rent for office space, $700 for the month.
Dec. 5	Receives $3,700 from customers on account.
Dec. 5	Purchases office supplies for cash $325.
Dec. 8	Receive cash of $3,750 from customers for services performed.
Dec. 10	Pays miscellaneous office expenses, $175.
Dec. 12	Bills customers $5,500 for services performed.
Dec. 20	Receives $5,750 from customers on account.
Dec. 24	Bills customers $4,125 for services performed.
Dec. 30	Pays the following expenses in cash. Salaries and wages $1,900; miscellaneous office expenses $450.
Dec. 31	Office Supplies used during December, $475
Dec. 31	Receives $23 interest income on deposit accounts.
Dec. 31	Reserve for Uncollectible Accounts of $1,575
Dec. 31	Accounts deemed uncollectible of $250
Dec. 31	Prepares Closing Entries for Dec.

Enter the transactions shown above in appropriate general ledger accounts (i.e. T-Accounts). Use the following ledger accounts: Cash, Accounts Receivable, Allowance for Uncollectible A/R, Supplies, Equipment, Accumulated Depreciation – Equipment, Accounts Payable, Owner’s Capital, Revenue, Interest Income, Salaries/Wages Expense, Rent Expense, Repairs & Maintenance Exp, Research & Development Expense, Office Expenses, Supplies Expense, Depreciation Expense, Bad Debt Expense, and other applicable accounts.
Prepare a trial balance for each month-end cutoff.
Prepare a Balance Sheet for each month-end, an Income Statement for each month-end, a Statement of Owner’s Equity for each month-end, and a Statement of Cash Flows for year-end only.