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On January 1 Bob invested $50000 in cash to the checking account 1. Jan 2 - Bob Paid Cash worth $2000 to purchase furniture for
On January 1" Bob invested $50000 in cash to the checking account 1. Jan 2 - Bob Paid Cash worth $2000 to purchase furniture for the shop 2. Jan 3, Bob Paid $1200 cash to rent a space 3. Jan 4 , Bob bought store equipment for $4600 on account (Bob Will pay later) 4. Jan 6, Provided service and received $6500 in cash 5. Jan 7, Paid $3500 in salaries to his staff 6. Jan 11 , Bob bought a truck for business use for $6000 for cash 7. Jan 20 , he paid $600 for the next 6 months' window cleaning 8. Jan 21, He withdrew $500 for his personal use 9. Jan 22 , He received $200 for services he will provide next month a) Prepare the Journal entries b) Prepare the ledger accounts for each account c) Prepare the Trial Balance d) Prepare following financial statements a. Income statement b. Statement of owners' equity c. Balance sheet
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