Quiz No 5 Date : 14th February, 2021 Neva Nadal started a new business, Nadal Computing, and completed the following transactions during its first year of operations. a. Neva Nadal invested $95,000 cash and office equipment valued at $5,000 in the company in exchange for its common stock. b. The company purchased an office suite for $55,000 cash. c. The company purchased office equipment for $20,000 cash. d. The company purchased $1,500 of office supplies and $1,200 of office equipment on credit. e. The company paid a local newspaper $550 cash for printing an announcement of the offices opening. f. The company completed a financial plan for a client and billed that client $1,800 for the service. g. The company designed a financial plan for another client and immediately collected a $5,000 cash fee. h. The company paid $9,500 cash in dividends to the owner (sole shareholder). i. The company received $1,000 cash from the client described in transaction f. j. The company made a payment of $500 cash on the equipment purchased in transaction d. k. The company paid $1,500 cash for the office secretarys wages. Requirements: a. Prepare the journal entries, T/accounts, and Trial Balance b. Prepare the income statement, Statement of Retained Earnings and Balance Sheet. c. Calculate Return on Asset ratio.