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On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June
On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency
On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June 1 Jenna Davis invested $34,000 cash to start the busines5. 2. Issued Check 281 foe $2,24e to pay the June rent for the offlee. 3 Purchased desk and other office furndture for $9,969 fron Lowe's office: Supply, Involce 5103, issued Check,202, for a S1,?60 dopt paypent with the. balance due in 30 days. 4 Issued Check 203 for 51,650 far supplies. 6. Performed servdces for $8,400 in cash. 7. Issued Check 204 for 57 , d4e. to pay for advertising expense. 8 Purchased recording equipaent for 512,150 from Special loyes, Inc. Invoice. 2122; issued Check 205 for a down payment of $4,100 with the bolance due In 30 days. 10 Performed services for $6,160 on account. 11 Issued Check 206 for $3,150 to Lowe's offlce supply as paynent on occouns. 12 Performed seryices for $11,100 In cash. 15 Issued Check 207 for $6,570 to pay an ecployee's salary. 18 Recelved payments of 53,560 from eredit clients on account. 20 Issued Check 208 for $5,769 to Special Moves, Inc,, as paykent on account. 25 Issued check 209 in the anount of 333 for the monthly telephone bil1. 27 Issued Check 210 in the amount of $920 for the monthly electele bill. 25 Issued Check 211 to Jenna Davis for 55,350 foe personal living expenses. 30 Issued Check 212 for $6,510 to pay the salary of an emplayee. Required: 1. Prepare the journal entries for the aboye 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. Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. Prepare a statement of owner's equity. Prepare the income statement. Prepare a trial balance. Post the above transactions to the ledger accounts. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. How many postings were made to the Cash account Step by Step Solution
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