PLEASE NOTE THERE ARE NO SELLING TAXES (GST - QST) IN THIS EXERCISE On January 1st...

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PLEASE NOTE THERE ARE NO SELLING TAXES (GST - QST) IN THIS EXERCISE On January 1st 2020, Celine Dion started a new business "Celine Dion singing school". During the month of January, the following transactions occurred: a) b) c) d) e) f) The owner invested $25,000 cash into the business. A new computer was purchased for $2,000 cash. Received $600 from customer (for singing class). Paid $850 for employees salaries. Purchase table and chairs for $2,100 at Ikea, on credit $1,000 of services (singing class) were provided to clients on credit. Paid $150 for electricity. The owner withdrew $5,000 of cash from the business. g) h) i) Paid $400 for renting space. j) Paid debt to supplier (Ikea) k) Received 1,000$ from customer (for previous sale) Perform the accounting cycle: Journal entry (JE) T accounts Trial balance Financial statement (3 reports) PLEASE NOTE THERE ARE NO SELLING TAXES (GST - QST) IN THIS EXERCISE On January 1st 2020, Celine Dion started a new business "Celine Dion singing school". During the month of January, the following transactions occurred: a) b) c) d) e) f) The owner invested $25,000 cash into the business. A new computer was purchased for $2,000 cash. Received $600 from customer (for singing class). Paid $850 for employees salaries. Purchase table and chairs for $2,100 at Ikea, on credit $1,000 of services (singing class) were provided to clients on credit. Paid $150 for electricity. The owner withdrew $5,000 of cash from the business. g) h) i) Paid $400 for renting space. j) Paid debt to supplier (Ikea) k) Received 1,000$ from customer (for previous sale) Perform the accounting cycle: Journal entry (JE) T accounts Trial balance Financial statement (3 reports)