Record each transaction occurred during August in the Journal. Key each transaction by its date. (3 points each) Post the transactions to the T-accounts that vou recorded. (Open T-accounts for each of the accounts given in trial balance do not forget to write beginning balances) (y points) Prepare unadjusted trial balance (10 points) Journalize and post adjusting entries. (3 points each) Prepare adjusted trial balance on the same worksheet made for unadjusted trial balance (10 points). Prepare UAK Company's income statement for the period (August 1-August 31), statement of owners equity for the month ended August. 31. and balance sheet on that date. (20

Bahesehir University Faculty of Economics Administrative and Social Science BA 2223 Principles of Accounting I, Section 1 2022-2023 Fall Mid-term Lecturer: Hmeyra Adgzel Question : The Trial balance of the UAK Company on August 1, 2016 lists balances of assets, liabilities, and equity on that date. Company prepares financi UAK Company completed the following transactions during August; Aug 1. Paid $8,000 cash to purchase office supplies. Aug 1. Paid rent in advance for August through October ( 3 months) is $6,300 Aug 1: Paid salary payable of $4,500 (Salaries of the previous month) Aug 3. Performed services for customer and received cash, $35,000 Aug 5. Performed services on account for $12,000 Aug 7: The business gave capital to the owner and received $50,000 Aug 10. Collected in advance $17.500 for the service to be performed later. Aug 20. Owner withdraw cash of $9.200 Aug 22: Paid salaries of $2,500. Aug 23. Collected $20,000 cash from a customer on account Aug 24: Borrowed cash and signed a note payable $15,000 Aug 30. Paid $20.000 cash on account The adjustment data given at August 31; a) Office supplies on hand is $15,000 b) Depreciation expense on the building for the month is $8,600 Bahesehir University Faculty of Economics Administrative and Social Science BA 2223 Principles of Accounting I, Section 1 2022-2023 Fall Mid-term Lecturer: Hmeyra Adgzel Question : The Trial balance of the UAK Company on August 1, 2016 lists balances of assets, liabilities, and equity on that date. Company prepares financi UAK Company completed the following transactions during August; Aug 1. Paid $8,000 cash to purchase office supplies. Aug 1. Paid rent in advance for August through October ( 3 months) is $6,300 Aug 1: Paid salary payable of $4,500 (Salaries of the previous month) Aug 3. Performed services for customer and received cash, $35,000 Aug 5. Performed services on account for $12,000 Aug 7: The business gave capital to the owner and received $50,000 Aug 10. Collected in advance $17.500 for the service to be performed later. Aug 20. Owner withdraw cash of $9.200 Aug 22: Paid salaries of $2,500. Aug 23. Collected $20,000 cash from a customer on account Aug 24: Borrowed cash and signed a note payable $15,000 Aug 30. Paid $20.000 cash on account The adjustment data given at August 31; a) Office supplies on hand is $15,000 b) Depreciation expense on the building for the month is $8,600