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please do #1-3 1. Record the following transactions for Kim's Law Office, for January 2017, using journal entries: A. Owners invested $10,000 in the business
please do #1-3
1. Record the following transactions for Kim's Law Office, for January 2017, using journal entries: A. Owners invested $10,000 in the business in exchange for 10,000 shares of common stock, par value $0,01 per share. B. Company bought a computer for $1,000. The amount is considered material. Paid V cash, agreed to pay the rest in 30 days. C. Company bought $100 of office supplies for cash (the amount is "immaterial"). D. Company received $3,000 for legal services provided to customers. E. Company borrowed $2,000, signing a note due in 2 years. F. Company paid $1,000 for this month's rent. G. Company invoiced customers $2,000 for legal services provided, customers agreed to pay in 30 days. H. Customers paid $1,000 due to the company. A customer made an advance deposit of $1.500 for legal services to be provided in the future. 1. J. Company bought a 3 month insurance policy for $900. 2. Post all transactions to T-Accounts. 3. Prepare an unadjusted Trial Balance. 4. Record the following adjusting entries as of the end of the month: A. The monthly depreciation expense on the computer equals $100. B. Employees have earned, but not yet been paid, $700. C. Legal services worth $500 have been provided to the customer in transaction (I). who made a deposit for future legal services Step by Step Solution
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