p Faculty Help Contact Help Office 365 1. Journalize the following transactions below for XYZ Breezeway Construction: (you may omit explanations). Remember to indent your credited journal entries. (33 points) 2. Prepare a tabular analysis of the transactions below to indicate the effect of each of the transactions on the various balance sheet items. Use a "+" to indicate an increase and a "-"to indicate a decrease. YOU MUST RECORD THE +/- SIGNS in your answers on the chart. Use the following column headings: (15 points) 3. Prepare a Trial balance as of August 31 2020. (12 points) Assets Liabilities Accounts Prepaid Accounts. No Trans Cash Receivable Inventory Supplies Expenses Payable Pay 1 2 3 4 5 6 7 Total A to the transactions that took place in o dent Help Faculty Help Contact Help Office 365 Tranxe Dace Event 1. August 1 The owner began the business by issuing $50,000 of common stock. The funds were deposited into the business checking account 2. August 2 Space was rented for the business and the owner paid August rent of $1,200. 3. August 3. The company purchased supplies on account, $2,000. The supplies were to last 6 months. 4. August 4. The company paid American Press, the local newspaper, 5400 for an ad appearing in the Sunday's edition. 5. August 5. The company performed services for a client. The customer paid cash of $7,000. 6. August 11. The company performed services on credit for a different client. The company charged the client $500. 7. August 14. The shop performed services for yet another client for a total of $1,900. The client paid cash of $1,000 and put the rest on account 8. August 22. The company borrowed $15,000 from JD Bank by signing a note 9. August 24. The company collected the cash owed in transaction 6.($500) 10. August 31. The company paid $2,800 for six months of insurance beginning September 1 Journal o nt Help Faculty Help Contact Help Office 365 6. ($500) 10. August 31. The company paid $2,800 for six months of insurance beginning September 1. Journal Entries: Account Date Debit Titles: Credit XYZ Breezeway Trial Balance: Construction LLC Trial Balance August 31, 2020 7 A B 1 o