PART B CHECK FIGUAES: 8. Total Dr =$184,950 9. Net income = 527,920, Total assets = $161,120 Part B Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30,2014. 9. Prepare an income statement and a statement of changes in equity for the two months ended November 30,2014 , as well as a balance sheet at November 30,2014. Nov. 1 Reimbursed Mary Graham's business automobile expense for 1,000 kilometres at $1.00 per kilometre. 2 Received $9,300 cash from Elite Corporation for computer services rendered. 5 Purchased $1,920 of computer supplies for cash from Abbott Office Products. 13 Notified by Alamo Engineering Co. that Echo's bid of $7,500 for an upcoming project was accepted. 18 Recelved \$3,750 from Decker Company against the bill dated October 28 . 22 Donated \$1, 500 to the United Way in the company's name. 24 Completed work for Alamo Engineering Co, and sent a bill for $7,500. 25 Sent another bill to Decker Company for the past due amount of \$2,700. 28 Reimbursed Mary Graham's business automobile expense for 1,200 kllometres at $1.00 per kilometre. 30 Paid Carly Smith for 14 days' work. 30 Mary Graham withdrew $3,600 cash from the business for personal use. PART B CHECK FIGUAES: 8. Total Dr =$184,950 9. Net income = 527,920, Total assets = $161,120 Part B Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30,2014. 9. Prepare an income statement and a statement of changes in equity for the two months ended November 30,2014 , as well as a balance sheet at November 30,2014. Nov. 1 Reimbursed Mary Graham's business automobile expense for 1,000 kilometres at $1.00 per kilometre. 2 Received $9,300 cash from Elite Corporation for computer services rendered. 5 Purchased $1,920 of computer supplies for cash from Abbott Office Products. 13 Notified by Alamo Engineering Co. that Echo's bid of $7,500 for an upcoming project was accepted. 18 Recelved \$3,750 from Decker Company against the bill dated October 28 . 22 Donated \$1, 500 to the United Way in the company's name. 24 Completed work for Alamo Engineering Co, and sent a bill for $7,500. 25 Sent another bill to Decker Company for the past due amount of \$2,700. 28 Reimbursed Mary Graham's business automobile expense for 1,200 kllometres at $1.00 per kilometre. 30 Paid Carly Smith for 14 days' work. 30 Mary Graham withdrew $3,600 cash from the business for personal use
