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Please answer the attached accounting question Please i need the answer of word file only(important note) On October1, 2016 Jessie Groban established an interior decorating
Please answer the attached accounting question
Please i need the answer of word file only(important note)
On October1, 2016 Jessie Groban established an interior decorating business, which completing the following transactions during the month: a. She transferred cash from a personal bank account to an account to be used for the business, $17,500. b. Purchased supplies on account, $1,000. c. Earned commissions, receiving cash, $12,250. d. Paid rent on office and equipment for the month, $3,800. e. Paid creditor on account, $600. f. Withdrew cash for personal use, $3,000. g. Paid automobile expense for month, $1,500, and miscellaneous expenses, $400. h. Paid office salaries, $3,100. i. Determine that cost of supplies used was, $725. Required: 1. Journalize entries for transactions. 2. Prepare T accounts for all accounts depending on ( 1). 3. Prepare unadjusted trial balance as of October 31, 2016. 4. Determine the following: a) Amount of total revenues. b) Amount of total expenses. c) Amount of net income for OctoberStep by Step Solution
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