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ournal EntriesandTrial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Sharon Matthews transferred cash from
ournal EntriesandTrial Balance
On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month:
- Sharon Matthews transferred cash from a personal bankaccountto an account to be used for the business, $18,000.
- Paid rent on office and equipment for the month, $3,330.
- Purchased supplies on account, $980.
- Paid creditor on account, $360.
- Earned fees, receiving cash, $15,120.
- Paid automobile expenses (including rental charge) for month, $920, and miscellaneous expenses, $620.
- Paid office salaries, $1,940.
- Determined that the cost of supplies used was $540.
- Withdrew cash for personal use, $890.
4.As a result of the January transactions (a-i), determine the following:
a.Amount of totalrevenuerecorded in theledger.
$
b.Amount of totalexpensesrecorded in the ledger.
$
c.Amount of net income for January.
$
5.Determine the total increase or decrease inowner's equityfor January.
$
i need help now how to figure out how to get the value for these answers using the scenario above
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