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Posted on Jul 29, 2024

please solve the 1.T accounts, 2.Trail balance, 3. Income statement, 4. Owners equity, 5. Balance sheet $90,500.00 $12,300.00 + Taxes Taxes Year Month Day 1

please solve the 1.T accounts, 2.Trail balance, 3. Income statement, 4. Owners equity, 5. Balance sheet image text in transcribed

$90,500.00 $12,300.00 + Taxes Taxes Year Month Day 1 2018 Apr 1 You invest to open a business: >, consultant. Apr 5 You receive Professional services cash 2018 Apr 16 You pay the rent 2018 Apr 8 You have provided Professional services on account Apr 9 You buy insurance Apr 9 You buy on account Computer Equipment for 1 2018 Apr Apr 10 You receive Professional Fees cash 2018 Apr 10 You buy publicity cash 9 2018 Apr 12 You buy on account Office Equipment for Apr 13 You receive Professional Fees cash Apr 14 You pay the accountant 12 2018 Apr 15 Sign a contrat for 6 months Apr 16 You paid the electricity bill Apr 17 You buy cash Office supplies for Apr 19 You receive partial payment from client for services 16 2018 Apr 19 You paid the telephone bill cash 17 2018 Apr 21 You make partial payment on purchase made this month Apr 22 You withdraw for personal use Apr 24 You receive partial payment from client for services Apr 19 You pay salaries expenses (secretary) Apr 19 You pay salaries expenses (owner) Apr 28 You withdraw for personal use 2018 Apr 29 You pay the car lease Note 1 Taxes - Taxes Taxes Note 2 +Taxes Taxes Note 5 Taxes Note 3 Taxes Taxes $8,000.00 $6,600.00 $15,600.00 $9,000.00 $1,500.00 $9,600.00 $10,250.00 $1,800.00 $7,500.00 $1,250.00 $3,300.00 $2.950.00 $339.00 $5,200.00 $1,500.00 $3.700.00 $1,080.00 $1,850.00 $2,500.00 $735.00 Note 6 Taxes 21 2018 Salaries are for 2 weeks, paid the week after on Thursday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Tawes When you see this note You must Add GST And QST to the number Prepare the following documents 1 General Journal 2 T accounts 3 Trial Balance 4 Income statement 5 Owner Equity 6 Balance Sheet Note $4,680.00 $2,400.00 1 Computer Equipment linear depreciation on 30 months, residual value = 2 Office Equipment linear depreciation on 30 months, residual value = 3 You sign a contract for 6 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 $1259 $1,259.00 APRIL Cash Ale............................ To Capital Alc 90500 90500 Cash A/c..... To Service Revenue To GST Payable To OST Payable 14141.93 12300 615 1226.925 6 1700 Rent Expense Alc.... To Cash Alc 1700 9198 Accounts Receivable A/c... To Service Revenue To GST Payable To QST Payable 8000 400 798 9 Insurance Expense A/c..... Prepaid Insurance A/c... To Cash Alc ..Dr 3300 ..Dr 3300 6600 15600 780 Computer Equipment A/c....................Dr GST receivable A/c........ ......Dr QST receivable A/c.......... To Accounts Payable 1556.1 17936.1 364 Depreciation Expense A/c................ To Accumulated Depreciation-office equipment 10 Cash Alc. To Service Revenue To GST Payable To QST Payable 10347.75 9000 450 897.75 10 1500 75 Advertisement expense Alc.........................Dr GST receivable A/c..... QST receivable A/c.... To Cash Alc 149.625 1724.625 12 Office Equipment A/c.... GST receivable A/c........ QST receivable Alc..... To Accounts Payable 9600 480 957.6 11037.6 Depreciation Expense A/c........ 240 To Cash Alc 1724.629 12 Dr Office Equipment A/c...... GST receivable Alc............ QST receivable Alc. ........................Dr To Accounts Payable 9600 480 957.6 11037.6 240 Depreciation Expense A/c.................. .........Dr To Accumulated Depreciation -office equipment 240 ....................DE Cash A/c.. To Service Revenue To GST Payable To QST Payable 11784.94 10250 512.5 1022.438 14 Accounting Charges A/c...................... Prepaid Expenses Alc................. GST receivable A/c................. OST receivable A/c..... To Cash Alc 1259 541 90 179.55 2069.55 15 ..........Dr 7500 Cash Ale.................. To Uncamned Revenue 7500 16 Electricity expenses A/c...............................Dr GST receivable Alc...... . ..Dr OST receivable A/c...............................Dr To Cash Ale 1250 62.5 124.6875 Office Supplies Expenses A/c.....................Dr Office Supplies Ale............ ... GST receivable A/c. OST receivable A/c..... To Cash A/C 1259 2041 165 329.175 3794.175 19 2950 Cash Ale... To Accounts Receivable A/c 2950 19 Telephone expenses Ale................................Dr GST receivable Alc...............................Dr QST receivable A/c........ To Cash Ale ...DE 339 16.95 33.81525 389.7653 19 ......Dr 1080 Salaries Expense A/c...... To Cash Alc 1080 15 Dr 7500 Cash Ac..... To Uncamed Revenue 7500 16 Electricity expenses A/c... GST receivable Alc........ OST receivable Alc...... To Cash Ale 1250 62.5 124.6875 17 Office Supplies Expenses Alc....................Dr Office Supplies A/c............ .........Dr GST receivable A/c....... QST receivable Alc....... To Cash Alc 1259 2041 165 329.175 3794.175 19 2950 Cash A/c... To Accounts Receivable Alc 2950 19 Dr Telephone expenses Ale.................................Dr GST receivable Alc. QST receivable A/c........ To Cash Alc 339 16.95 33.81525 19 ...........Dr 1080 Salaries Expense A/c..... To Cash Alc 19 1850 Drawings A/c.. .......Dr To Cash Alc (for salaries paid to owner cannot be regarded as salaries expense, charge to drawings head) 21 Accounts Payable A/c............................Dr To Cash Alc 5200 22 Drawings Alc.. To Cash Alc ...................Dr 1500 24 .............DI Cash A/c.... To Accounts Receivable A/c 28 Drawings A/c.. To Cash Alc 2500 29 ..Dr 735 Car Lease Rent A/c... To Cash A/C $90,500.00 $12,300.00 + Taxes Taxes Year Month Day 1 2018 Apr 1 You invest to open a business: >, consultant. Apr 5 You receive Professional services cash 2018 Apr 16 You pay the rent 2018 Apr 8 You have provided Professional services on account Apr 9 You buy insurance Apr 9 You buy on account Computer Equipment for 1 2018 Apr Apr 10 You receive Professional Fees cash 2018 Apr 10 You buy publicity cash 9 2018 Apr 12 You buy on account Office Equipment for Apr 13 You receive Professional Fees cash Apr 14 You pay the accountant 12 2018 Apr 15 Sign a contrat for 6 months Apr 16 You paid the electricity bill Apr 17 You buy cash Office supplies for Apr 19 You receive partial payment from client for services 16 2018 Apr 19 You paid the telephone bill cash 17 2018 Apr 21 You make partial payment on purchase made this month Apr 22 You withdraw for personal use Apr 24 You receive partial payment from client for services Apr 19 You pay salaries expenses (secretary) Apr 19 You pay salaries expenses (owner) Apr 28 You withdraw for personal use 2018 Apr 29 You pay the car lease Note 1 Taxes - Taxes Taxes Note 2 +Taxes Taxes Note 5 Taxes Note 3 Taxes Taxes $8,000.00 $6,600.00 $15,600.00 $9,000.00 $1,500.00 $9,600.00 $10,250.00 $1,800.00 $7,500.00 $1,250.00 $3,300.00 $2.950.00 $339.00 $5,200.00 $1,500.00 $3.700.00 $1,080.00 $1,850.00 $2,500.00 $735.00 Note 6 Taxes 21 2018 Salaries are for 2 weeks, paid the week after on Thursday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 Tawes When you see this note You must Add GST And QST to the number Prepare the following documents 1 General Journal 2 T accounts 3 Trial Balance 4 Income statement 5 Owner Equity 6 Balance Sheet Note $4,680.00 $2,400.00 1 Computer Equipment linear depreciation on 30 months, residual value = 2 Office Equipment linear depreciation on 30 months, residual value = 3 You sign a contract for 6 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 $1259 $1,259.00 APRIL Cash Ale............................ To Capital Alc 90500 90500 Cash A/c..... To Service Revenue To GST Payable To OST Payable 14141.93 12300 615 1226.925 6 1700 Rent Expense Alc.... To Cash Alc 1700 9198 Accounts Receivable A/c... To Service Revenue To GST Payable To QST Payable 8000 400 798 9 Insurance Expense A/c..... Prepaid Insurance A/c... To Cash Alc ..Dr 3300 ..Dr 3300 6600 15600 780 Computer Equipment A/c....................Dr GST receivable A/c........ ......Dr QST receivable A/c.......... To Accounts Payable 1556.1 17936.1 364 Depreciation Expense A/c................ To Accumulated Depreciation-office equipment 10 Cash Alc. To Service Revenue To GST Payable To QST Payable 10347.75 9000 450 897.75 10 1500 75 Advertisement expense Alc.........................Dr GST receivable A/c..... QST receivable A/c.... To Cash Alc 149.625 1724.625 12 Office Equipment A/c.... GST receivable A/c........ QST receivable Alc..... To Accounts Payable 9600 480 957.6 11037.6 Depreciation Expense A/c........ 240 To Cash Alc 1724.629 12 Dr Office Equipment A/c...... GST receivable Alc............ QST receivable Alc. ........................Dr To Accounts Payable 9600 480 957.6 11037.6 240 Depreciation Expense A/c.................. .........Dr To Accumulated Depreciation -office equipment 240 ....................DE Cash A/c.. To Service Revenue To GST Payable To QST Payable 11784.94 10250 512.5 1022.438 14 Accounting Charges A/c...................... Prepaid Expenses Alc................. GST receivable A/c................. OST receivable A/c..... To Cash Alc 1259 541 90 179.55 2069.55 15 ..........Dr 7500 Cash Ale.................. To Uncamned Revenue 7500 16 Electricity expenses A/c...............................Dr GST receivable Alc...... . ..Dr OST receivable A/c...............................Dr To Cash Ale 1250 62.5 124.6875 Office Supplies Expenses A/c.....................Dr Office Supplies Ale............ ... GST receivable A/c. OST receivable A/c..... To Cash A/C 1259 2041 165 329.175 3794.175 19 2950 Cash Ale... To Accounts Receivable A/c 2950 19 Telephone expenses Ale................................Dr GST receivable Alc...............................Dr QST receivable A/c........ To Cash Ale ...DE 339 16.95 33.81525 389.7653 19 ......Dr 1080 Salaries Expense A/c...... To Cash Alc 1080 15 Dr 7500 Cash Ac..... To Uncamed Revenue 7500 16 Electricity expenses A/c... GST receivable Alc........ OST receivable Alc...... To Cash Ale 1250 62.5 124.6875 17 Office Supplies Expenses Alc....................Dr Office Supplies A/c............ .........Dr GST receivable A/c....... QST receivable Alc....... To Cash Alc 1259 2041 165 329.175 3794.175 19 2950 Cash A/c... To Accounts Receivable Alc 2950 19 Dr Telephone expenses Ale.................................Dr GST receivable Alc. QST receivable A/c........ To Cash Alc 339 16.95 33.81525 19 ...........Dr 1080 Salaries Expense A/c..... To Cash Alc 19 1850 Drawings A/c.. .......Dr To Cash Alc (for salaries paid to owner cannot be regarded as salaries expense, charge to drawings head) 21 Accounts Payable A/c............................Dr To Cash Alc 5200 22 Drawings Alc.. To Cash Alc ...................Dr 1500 24 .............DI Cash A/c.... To Accounts Receivable A/c 28 Drawings A/c.. To Cash Alc 2500 29 ..Dr 735 Car Lease Rent A/c... To Cash A/C