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On January 1, 2023, Hope for International Services began its operations. The following transactions were completed during the month. January 1 Owner invested $30,000 in
On January 1, 2023, "Hope for International Services" began its operations. The following transactions were completed during the month. January 1 Owner invested $30,000 in cash to start the business. 5 Purchased equipment for $10,000 and paid 50% on cash 10 Provided some services for $15,000 on credit. 15 Paid insurance expense for January for an amount of $1,000. 20 Received $4,000 cash in advance from customers for services that will be performed in next month. REQUIRED: a) Journalize the transactions b) Post to the ledger accounts c) Prepare a Trial Balance as of January 31, 2023
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