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Question 8&9! Appriate that! Oct. 1 Elton Worth invested $55,000 cash, a used computer system valued at $11,520, and $19.800 of office equipment in the
Question 8&9! Appriate that!
Oct. 1 Elton Worth invested $55,000 cash, a used computer system valued at $11,520, and $19.800 of office equipment in the business. 2 Paid six months of rent in advance: $11.880. 3 Purchased computer supplies on credit for $1,300 from Kensington Supplies 5 Paid $14,400 cash for one year's premium on a property and liability insurance policy 6 Billed Battleford Lighting $3,400 for installing a new computer system and providing Battleford Lighting's employees with training. 8 Paid for the computer supplies purchased from Kensington Supplies 10 Hired Anne Stafford as a part-time assistant for $265 per day, as needed. 12 Billed Battleford Lighting another $3,590 for computer services rendered. 15 Received $700 from Battleford Lighting on its account. 17 Paid $125 to repair equipment damaged when moving into the new office 20 Paid $3,100 for an advertisement in the local newspaper 22 Received the balance owing from Battleford Lighting on its account 28 Billed Wallace & Sons Inc. $3,380 for services. 31 Paid Anne Stafford for 12 days' work. 31 Elton Worth withdrew $2,500 cash from the business for personal use. Part B Required 6. Prepare journal entries to record each of the following November transactions 7. Post the November entries 8. Prepare a trial balance at November 30, 2020. 9. Prepare an income statement and a statement of changes in equity for the two months ended November 30, 2020, as well as a balance sheet at November 30, 2020 Step by Step Solution
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