_{prepare journal entries, T-accounts, trial balances, adjusting entries, adjusted trial balances, financial statements and closing entries.}

J. Jones International J. Jones opened a consulting business on January 2, 2019. He hired an old friend. His friend had the right to buy 25% of the company for $100,000. The following transactions occurred in January and February January: 2 Cash injection of $90,000 from Jones in cash. $40,000 is to be treated as a shareholder loan. The balance as a capital investment. The cash was deposited in the company bank account. Jones also gave a computer equipment worth $2,000, but wanted nothing in return for it. 3 Purchase of $570 of supplies for cash and $8,200 worth of furniture on account. 3 Signed a 3-year lease with monthly rates of $1,110. Paid rent for January. 4 Performed consulting services for Client 1 and received $2,500 in cash. 7 Paid $33,000 cash to acquire land for a future office site. 11 Consulted for Client #2 and sent an invoice to the client for $2,100. 12 Bought a used company car for $5,000. Salvage value estimated at $2,000 & useful life is 3 years. 15 Paid administrator a salary of $1975. 16 Paid for the furniture bought on account on January 3. 18 Received partial payment of $600 from client #2. 19 Provide major consulting to client #4, Invoiced for $11,350. 22 Paid utility bills totalling $300. 29 Received $2,700 payment for additional consulting provided to client #4. 31 Paid administrator a salary of $1975. 31 Jones withdrew $12,000 for personal use