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. On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June 1 Jenna Davis invested $4,0 cash to start the business.
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On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June 1 Jenna Davis invested $4,0 cash to start the business. 2 Issued Check 201 for $2,000 to pay the June rent for the office. 3 Purchased desk and other office furniture for $12,000 from Lowe's office Supply, Invoice 5103; issued Check 202 for a $2,000 down payment with the balance due in 30 days. 4 Issued Check 203 for $1,700 for supplies. 6 Performed services for $7,000 in cash. 7 Issued Check 204 for $3,000 to pay for advertising expense. 8 Purchased recording equipment for $15,000 from Special Moves, Inc., Invoice 2122; issued Check 205 for a down payment of $5,000 with the balance due in 30 days. 10 Performed services for $5,500 on account. 11 Issued Check 206 for $3,000 to Lowe's office Supply as payment on account. 12 Performed services for $10,000 in cash. 15 Issued Check 207 for $6,200 to pay an employee's salary. 18 Received payments of $4,000 from credit clients on account. 20 Issued Check 208 for $6,000 to Special Moves, Inc., as payment on account. 25 Issued Check 209 in the amount of $375 for the monthly telephone bill. 27 Issued Check 210 in the amount of \$980 for the monthly electric bill. 28 Issued Check 211 to Jenna Davis for $5,000 for personal living expenses. 30 Issued Check 212 for $6,200 to pay the salary of an employee. Required: 1. Prepare the journal entries for the above transactions. 2. Post the above transactions to the ledger accounts. 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the journal entries for the above transactions. Journal entry worksheet 45678 Jenna Davis invested $40,000 cash to start the business. Note: Enter debits before credits. Prepare a trial balance. Complete this question by entering your answers in the tabs bel Prepare the income statement. Prepare a statement of owner's equity. Complete this question by entering your answers in the tabs below. Prepare the balance sheet Step by Step Solution
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