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On august 1,2006, shad menard established centillion realty.and following transactions during this month A,opened a business bank account with a deposit $15000 from personal funds

On august 1,2006, shad menard established centillion realty.and following transactions during this month

A,opened a business bank account with a deposit $15000 from personal funds

B,paid rent on office and equipment for the month $2400

c,paid automobile expense $750 and miscellaneous expense $ 380

d,purchased supplies on account $950

E,earned sales commissions,receiving cash $17350

f,paid creditor on account, $580

g, paid officer salaries $3600

h,withdrew cash for personal use $ 1500

I,supply on hand was &275 and supply used was $675

1,Record journal entry

2,post the journal to ledger by using T-Account

3,prepare trial balance

4,prepare the financial statement

a,income statement

b,balance sheet

5,record closing entry

6,prepare post closing trial balance

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