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Prepare Journal, T accounts, trial balance, income statement, Statement of Equity and Balance sheet from following transactions in the books of Dual Electronics Ltd. For

Prepare Journal, T accounts, trial balance, income statement, Statement of Equity and Balance sheet from following transactions in the books of Dual Electronics Ltd. For the month of March 2022

DATE

TRANSACTIONS

March 1

Started business with cash $100,000; furniture $50,000; machinery $85,000

March 5

Gave repairing services to client for $10,000 for cash

March 10

Hire 2 salesperson who will start from the month of July 2022

March 15

Purchased supplies on credit $5000

March 26

Paid rent $25,000; paid utilities $500

March 30

Withdraw $6000 for his personal use

March 31

Paid for supplies purchased on March 15 in cash.

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