Part 1 :

Kindly convert this transactions into journal entries then prepare the necessary ledgers. Construct the trial balance too. Next create an Income Statement, Statement of Owner's Equity and Balance Sheet. 1. The owner, John Ladner, invests $250,000 to start a new business, Ladner Environmental Services 2. LES purchases land for a future office location, paying $100,000 cash 3. Purchases $5,000 office supplies on credit 4. LES completes a consulting job for $20,000 cash 5. LES completes a consulting job on credit for $15,000 6. LES pays expenses for the month: salary $3,500; rent $3,000; utilities, $1,000 7. LES pays $4,000 to the store from which it purchased $5,000 worth of office supplies in transaction 3 8. LES collections $11,000 from the customer of transaction 5 9. LES sells 50% of the land purchased in transaction 2 for $50,000 cash 10. Ladner withdraws $5,500 cash for his personal use from LES