prepare statements

Practice Problem #2 The following transactions have taken place in Jan. 2016 for Joseph Schmidt as he established his new online sales business: January 2, 2016 opened his business checking account with $30,000 from his savings account: Jan 4. Purchased supplies on Jan. 4 for $1500 of which he only uses 1/2 for the month. 7. Purchased an online software for $2400 on credit on Jan 4th 8. Purchased an equipment of $ $10,000 for 5 years on Jan 1, 2016. This equipment will be depreciated on straight line basis for 5 years starting on Jan1, 2016 10. The online cash sales totaled $22,500 for the month of Jan. 2016 12. He purchased a computer for $3,500 cash on Jan 10th. 17. He hired an assistant and period him a salary of $2,500 for the month of Jan, 2016 22. He withdrew $2,000 for his personal use 25. He billed a client for $4,000 on Jan 15, 2016 28. He paid 1/4 of what he owed on the software Required: Prepare T-Accounts, Prepare Trail Balance, Income statement, Owner's Equity Statement and the balance sheet for the company as of January 31, 2016