Record the following transactions in Company ABC General Journal, and prepare adjustments entries at end of month for:

• depreciation of assets,

• unearned revenues,

• prepaid expenses

• office supplies.

Post in General Ledger Book

Prepare Trial Balance at end of month

Prepare Income statement at end of month

Prepare Owner’s Equity statement at end of month

Prepare Balance Sheet at end of month

DATETRANSACTIONSAMOUNT

January 3rd, 2020:Owner’s investment in company capital$90,000.00

January 4th, 2020:Cash purchase of Office Equipment, add GST & QST (NOTE 1)$12.000.00

January 5th, 2020:Purchase on account of Computer Equipment, add GST & QST (NOTE 2)$7,000.00

January 9th, 2020:Purchase on account of Office supplies, add GST & QST $800.00

January 10th, 2020:Sale of services on account to customer, add GST & QST$3,000.00

January 11th, 2020:Record telephone expense and pay invoice, add GST & QST$560.00

January 12th, 2020:Sign a 6-month contract with customer, received $ add GST & QST$30,000.00

January 15th, 2020:Cash Sale of services to customer, add GST & QST$1,000.00

January 16th, 2020:Record electricity expense, add GST & QST$3,000.00

January 17th, 2020:Payment of insurance for 1 year, no tax(NOTE 3)$13,000.00

January 19th, 2020:Received payment from Customer$3,600.00

January 20th, 2020:Prepared check to pay a supplier$4,000.00

January 21st, 2020:Owner’s withdrawal for personal use$2,000.00

January 25th, 2020:Record and payment of rent $4,000.00

January 28th, 2020:Payment of secretary salary$1,000.00

January 30th, 2020Used office supplies at the end this period is$200.00

NOTE 1: Office equipment residual value is $3,000.00 life span of 10 years (120 months); linear method is used.

NOTE 2: Computer equipment residual value is $1,500.00, life span of 5 years (60 months), linear method is used.

NOTE 3: We paid insurance for 12 months