Question
Q1. John started his own delivery service, John Deliveries, on April 2019.The following transactions occurred during the month. 1. Invested $12,000 cash in the business.3.
Q1. John started his own delivery service, John Deliveries, on April 2019.The following transactions occurred during the month. 1. Invested $12,000 cash in the business.3. Purchased a Van for deliveries for $10,000. John paid $2,000 cash and signed a note payable for the remaining balance. 6. Paid $500 for office rent for the month. 10. Performed $4,400 of services on account. 17. Withdraw the amount $739 cash for his home decoration. 25. Purchased supplies for $150 on account. 28. Paid $250 for utilities. Requirement: (a). Prepare a tabular analysis of the transactions using the following column heading: Cash, Account Receivable, Supplies, Delivery van, Note Payable, Account Payable, Johns Capital , Johns Drawing, Revenue, Expense. (b)Prepare an income statement for April, an owners equity statement for April, and a balance sheet at April 30.
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