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Please give total balance for question A give total balance . Both sides should balance. Black Papua opened a legal office on the 2 January
Please give total balance for question A give total balance . Both sides should balance.
Black Papua opened a legal office on the 2 January 2023. During the first month of operation, the business completed the following transactions. Jan.2 Black deposited K40 000 cash in the business bank account, Blackpapuan Lawyers. 3 Purchased supplies, K500, and fumiture, K2 600, on credit. 4 Performed legal service for a client and received cash, K1 500. 7 Paid cash to acquire land for a future office space site, K22 000 11 Defended a client in court and billed the client for K800. 15 Paid secretary's salary, K650 16 Paid for the furniture purchased on 3 January on credit. 18 Received partial payment from client on account, K400 19 Prepared legal documents for a client on account, K900 29 Received K1 800 cash for helping a client sell a real estate. 31 Paid secretary's salary, K650. 31 Paid rent expense, K700 31 Paid indemnity insurance covering next six months, K500. 31 Withdrew K2 200 for personal use Required: A. Post the January transactions in a transaction analysis chat and balance them. B. Record the January transactions in a General Journal. C. Post the transactions in General Journal to ' \\( T \\) ' Ledger accounts. D. Prepare a trial balance as at 31 January 2023 E. Prepare Financial Statements from the Trial Balance i) Income Statement ii) Balance Sheet iii) Statement of Owner's EquityStep by Step Solution
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