please solve 1. journals 2. ledgers 3. worksheet 4. income statement 5. owners equity 6. balance sheet
I Note 1 Nate - Year Month Day 1 | 2018 | May 1 You invest to open a business called, >, consultant. 2 2018 May You pay the rent 2013 May 2 You buy cash Computer Equipment for 2018 May 3 You withdraw for personal use May 4 You buy cash Office Equipment for May 5 You have provided Professional services on account May 16 You paid the insurance for 2 years May 7 You receive Professional services cash May You buy publicity cash May 12 You buy on account Computer Equipment for May 12 You receive Professional Fees cash May 13 You pay the accountant May 13 You have provided Professional Fees on account May 14 You buy on account Office Equipment for May 15 You sign a 5 month contract starting today for May 16 You receive Professional Fees cash May 16 You buy cash Office supplies for May 17 You paid the electricity bill May 17 You receive partial payment from client for services May 17 You paid the telephone bill cash May 17 You withdraw for personal use May 18 You pay salaries expenses (secretary May 18 You pay salaries expenses (owner) May 26 You receive partial payment from client for services May 28 You withdraw for personal use 2013 May 28 You make partial payment on purchase made this month $45,000.00 $1,500.00 $7,450.00 $3,000.00 $9,500.00 $3,450.00 $3,600.00 $5.495.00 $1,275.00 $2,000.00 $7,280.00 $1,500.00 $4,527.00 $6,500.00 $5,600.00 $4,200.00 $2.548.00 $1,425.00 $2,300.00 $142.00 $2,500.00 $810.00 $1,080.00 $2,850.00 $1,200.00 $3,820.00 Salaries are for 2 weeks, paid the week after on Friday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Salaries are for 2 weeks, paid the week after on Friday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Practice 5 Prepare the following documents 1 General Journal 2 Ledgers 3 Worksheet 4 Income statement 5 Owner Equity 6 Balance Sheet Note $1,417.50 $3,200.00 1 Computer Equipment linear depreciation on 24 months, residual value = 2 Office Equipment linear depreciation on 30 months, residual value = 3 You sign a contract for 5 months 4 The Insurance is a contract for 24 months 5 The Accountant is a contract for 12 months 6 The Office Supplies used for the month is $998 $998.00 Note 1 Note 2 Note 4 Note 5 Year Month Day 1 2018 May 11 You invest to open a business called, >, consultant. 2018 May 1 You pay the rent May | 2 You buy cash Computer Equipment for May 13 You withdraw for personal use May 4 You buy cash Office Equipment for May 5 You have provided Professional services on account May 6 You paid the insurance for 2 years May 7 You receive Professional services cash May | 9 You buy publicity cash May 12 You buy on account Computer Equipment for May 12 You receive Professional Fees cash May 13 You pay the accountant 13 2018 May 13 You have provided Professional Fees on account 14 2018 May 14 You buy on account Office Equipment for 15 2018 May 15 You sign a 5 month contract starting today for 16 2018 May 16 You receive Professional Fees cash 2013 May 16 You buy cash Office Supplies for 18 2018 May 17 You paid the electricity bill 19 2018 May 17 You receive partial payment from client for services 20 2018 May 17 You paid the telephone bill cash May 17 You withdraw for personal use May 18 You pay salaries expenses (secretary) May 18 You pay salaries expenses (owner) May 26 You receive partial payment from client for services May 28 You withdraw for personal use 26 2018 May 28 You make partial payment on purchase made this month $45,000.00 $1,500.00 $7.450.00 $3.000.00 $9,500.00 $3,450.00 $3,600.00 $5.495.00 $1,275.00 $2,000.00 $7.280.00 $1,500.00 $4,527.00 $6,500.00 $5.600.00 $4,200.00 $2.548.00 $1.425.00 $2,300.00 $142.00 $2,500.00 $810.00 $1,080.00 $2,850.00 $1,200.00 $3.820.00 Note 3 the Salaries are for 2 weeks, paid the week after on Friday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 ice 5 Prepare the following documents 1 General Journal 2 Ledgers 3 Worksheet 4 Income statement 5 Owner Equity 6 Balance Sheet Note = $1,417.50 $3.200.00 1 Computer Equipment linear depreciation on 24 months, residual value 2 Office Equipment linear depreciation on 30 months, residual value = 3 You sign a contract for 5 months 4 The Insurance is a contract for 24 months 5 The Accountant is a contract for 12 months 6 The Office Supplies used for the month is $998 $998.00
