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Module 4 - Homework Problem Chapter 2 Record the following transactions of Speedy Computer Service, owned by Bill Smith, for the month of March 2019.

Module 4 - Homework Problem Chapter 2 Record the following transactions of Speedy Computer Service, owned by Bill Smith, for the month of March 2019. Mar 1. Bill Smith invested $3,000 cash to start the business. 15. Bill provided services and received cash amounting to $5,400 from customers. 16. Purchased supplies on account, $100. 17. Paid for gas and oil, $800. 18. Paid salaries, $5,000. 21. Provided service on credit, $600. 28. Bill provided services and received cash amounting to $6,000. 29. Paid for truck and equipment rental, $2,500. 30. Bill Smith withdrew cash of $2,000 for his personal use. Required: Record the above transactions in general journal form. Prepare a trial balance after posting the entries to T-accounts (you can make your own T-accounts). Prepare an income statement from trial balance. Prepare a statement of owners equity from the trial balance and income statement. Prepare a balance sheet using the trial balance totals and the statement of owners equity. Explain why the companys cash balance does not agree with net income. Please dont post pdf or images

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