Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare the following documents 1 General Journal 2 T accounts 3 Trial Balance 4 Income statement 5 Owner Equity 6 Balance Sheet Practice 6 +

image text in transcribed

image text in transcribed

Prepare the following documents 1 General Journal 2 T accounts 3 Trial Balance 4 Income statement 5 Owner Equity 6 Balance Sheet

Practice 6 + Taxes Year Month Day 2018 Apr 1 You invest to open a business: >, consultant 2018 Apr 5 You receive Professional services cash 3 2018 Apr 6 You pay the rent 4 2018 Apr You have provided Professional services on account s 2018 Apr 9 You buy insurance 6 2018 Apr 9 You buy on account Computer Equipment for Apr 10 You receive Professional Fees cash Apr 10 You buy publicity cash Apr 12 You buy on account Office Equipment for 2018 Apr 13 You receive Professional Fees cash 11 2018 Apr 14 You pay the accountant 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 2018 Apr 19 You paid the telephone bill cash Apr 21 You make partial payment on purchase made this month 18 2018 Apr 22 You withdraw for personal use Apr 24 You receive partial payment from client for services 2018 Apr 19 You pay salaries expenses (secretary) 21 2018 Apr 19 You pay salaries expenses (owner) 2018 Apr 28 You withdraw for personal use 2018 Apr 29 You pay the car lease + Taxes Note 4 Note 1 + Taxes + Taxes + Taxes Note 2 +Taxes +Taxes Note 5 + Taxes Note 3 + Taxes $90,500.00 $12,300.00 $1,700.00 $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 + Taxes Note 6 Taxes Taxes $3.700.00 $1,080.00 $ 1,850.00 $2.500,00 $735.00 + Taxes Salaries are for 2 weeks, paid the week after on Thursday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 + Taxes When you see this note You must Add GST And QST to the number Practice 6 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 Practice 6 + Taxes Year Month Day 2018 Apr 1 You invest to open a business: >, consultant 2018 Apr 5 You receive Professional services cash 3 2018 Apr 6 You pay the rent 4 2018 Apr You have provided Professional services on account s 2018 Apr 9 You buy insurance 6 2018 Apr 9 You buy on account Computer Equipment for Apr 10 You receive Professional Fees cash Apr 10 You buy publicity cash Apr 12 You buy on account Office Equipment for 2018 Apr 13 You receive Professional Fees cash 11 2018 Apr 14 You pay the accountant 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 2018 Apr 19 You paid the telephone bill cash Apr 21 You make partial payment on purchase made this month 18 2018 Apr 22 You withdraw for personal use Apr 24 You receive partial payment from client for services 2018 Apr 19 You pay salaries expenses (secretary) 21 2018 Apr 19 You pay salaries expenses (owner) 2018 Apr 28 You withdraw for personal use 2018 Apr 29 You pay the car lease + Taxes Note 4 Note 1 + Taxes + Taxes + Taxes Note 2 +Taxes +Taxes Note 5 + Taxes Note 3 + Taxes $90,500.00 $12,300.00 $1,700.00 $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 + Taxes Note 6 Taxes Taxes $3.700.00 $1,080.00 $ 1,850.00 $2.500,00 $735.00 + Taxes Salaries are for 2 weeks, paid the week after on Thursday Week 1 Week 2 Week 3 paiement for weeks 1 and 2 + Taxes When you see this note You must Add GST And QST to the number Practice 6 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

More Books

Students also viewed these Accounting questions

Question

Refer to Example 10.18 and find a 90% confidence interval for /0.

Answered: 1 week ago