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prepare the following documents 1. General Journal 2. Ledgers 3. T Accounts 4. Income Statement 5. Owner Equity 6. Balance Sheet Year Month Day 1
prepare the following documents
1. General Journal
2. Ledgers
3. T Accounts
4. Income Statement
5. Owner Equity
6. Balance Sheet
Year Month Day
1 2020 Jan 1 You invest to open a business called, >, consultant. $24,000.00
2 2020 Jan 3 You buy cash Computer Equipment for Note 1 $7,130.00
3 2020 Jan 4 You buy cash Office Equipment for Note 2 $7,890.00
4 2020 Jan 5 You receive Professional Fees cash $3,828.00
5 2020 Jan 6 You pay the rent $1,800.00
6 2020 Jan 7 You withdraw for personal use $2,000.00
7 2020 Jan 8 You have provided Professional Fees on account $1,843.00
8 2020 Jan 9 You paid the insurance for 3 years Note 4 $5,040.00
9 2020 Jan 9 You buy on account: Computer equipment $1,870.00
and Office equipment $4,610.00
10 2020 Jan 10 You receive Professional Fees cash $4,263.00
11 2020 Jan 10 You buy publicity cash $800.00
12 2020 Jan 11 You have provided Professional Fees on account $2,894.00
13 2020 Jan 12 You pay salaries expenses (secretary) $800.00
14 2020 Jan 12 You pay salaries expenses (owner) $1,000.00
15 2020 Jan 13 You receive Professional Fees cash $3,802.00
16 2020 Jan 14 You pay the accountant for 1 year Note 5 $1,200.00
17 2020 Jan 15 You sign a 7 month contract starting today for Note 3 $4,200.00
18 2020 Jan 16 you paid the electricity bill $1,080.00
19 2020 Jan 17 You buy cash Office supplies for Note 6 $1,694.00
20 2020 Jan 19 You receive paiement on account receivable $1,743.00
21 2020 Jan 19 You pay telephone bill $108.00
22 2020 Jan 22 You withdraw for personal use $2,000.00
23 2020 Jan 24 You receive paiement on account receivable $1,726.00
24 2020 Jan 26 You pay salaries expenses (secretary) $800.00
25 2020 Jan 26 You pay salaries expenses (owner) $1,000.00
26 2020 Jan 28 You withdraw for personal use $1,200.00
27 2020 Jan 28 You make partial payment on account payable $2,284.00
28 2020 Jan 30 You buy publicity cash $1,360.00
Prepare the following documents
1 General Journal
2 Ledgers
3 T Accounts
4 Income statement
5 Owner Equity
6 Balance Sheet
1 Computer Equipment linear depreciation on 30 months, residual value = $180.00
2 Office Equipment linear depreciation on 30 months, residual value = $2,000.00
3 You sign a contract for 7 months
4 The Insurance is a contract for 36 months
5 The Accountant is a contract for 12 months
6 The Office Supplies used for the month is $137 $137.00
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