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On January 1, 2021, Mariam started her business with $200,000 cash. She purchased office furniture for $30,000 on cash on January 4, 2021 She purchased

On January 1, 2021, Mariam started her business with $200,000 cash.

She purchased office furniture for $30,000 on cash on January 4, 2021

She purchased office supplies on credit for $5,000 on January 5, 2021

She borrowed $20,000 from a local bank on January 7, 2021

She sold all furniture on credit for $30,000 to another company on January10, 2021

She paid $2,500 to telephone bill on January 28, 2021

She received $15,000 from accounts receivable on January 29, 2021.

She paid salaries $13,000 on January 30, 2021

Required:

Prepare journal entries for all of the above transactions

Prepare ledger accounts (T-accounts)

Prepare a trial balance as of January 31, 2019

Journal entries

Date

Description

Debit

Credit

Ledger Account,

Account Name:..

Date

Dr.

Cr.

Dr.

Cr.

Account Name:

Date

Dr.

Cr.

Dr.

Cr.

Account Name:

Date

Dr.

Cr.

Dr.

Cr.

Account Name:

Date

Dr.

Cr.

Dr.

Cr.

Account Name:

Date

Dr.

Cr.

Dr.

Cr.

Account Name:.

Date

Dr.

Cr.

Dr.

Cr.

Trial Balances

Account Title

Debit

Credit

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