task: journal entries for the month

4 5 Evs Limited Company is registered as providing Advertising and marketing services. Following is the list of Balances brought from the financial year ended 31 December 2018 16 7 8 Fixed Assets 20,000 9 10 Acc. Depreciation 2,000 11 12 Bank Account: 5,000 13 14 Receivables: f 8,000 15 16 Prepayments 2,000 17 18 Payables 3,000 19 20 Accrued Liabilities: 1,500 21 22 Retained Profits 8,500 03 04 Share Capital: 20,000 PS 26 27 During the month of January 2019, the following transactions took place: 28 pg 01 Jan: The Accrued Liabilities balances includes the rent accrued for the month of Decemeber 2018 for 800 and accrued utilities for 700, 30 so it paid on this date through bank account. 31 B2 02 Jan: Purchased office supplies for 200 and paid through cheque 33 34 03 Jan: The Director of the company travelled to Germany for business purposes, the expenses incurred on his travel are paid through the B5 business bank account for 2,000 B6 37 04 Jan: Purchased Online Books for Advertising and Marketings strategies for 500 38 39 06 Jan: Signed Contracts with 10 Clients for providing Advertising and Marketing their Products through different media channels. These are 10 retainership clients and will make payments on monthly basis for the services provided. The Monthly Retainership fee for the services 11 12 The list of clients is as follows: 13 14) Newa Systems 15 161) Black Belt Smart Phone Defense 17 Deni lapisan Transactions Type here to search 01 Jan: The Accrued Liabilities balances includes the rent accrued for the month of Decemeber 2018 for 800 and accrued utilities for 700, so it paid on this date through bank account. 02 Jan: Purchased office supplies for 200 and paid through cheque 03 Jan: The Director of the company travelled to Germany for business purposes, the expenses incurred on his travel are paid through the business bank account for 2,000 7 04 Jan: Purchased Online Books for Advesrtising and Marketing strategies for 500 3 9 06 Jan: Signed Contracts with 10 Clients for providing Advertising and Marketing their Products through different media channels. These are 0 retainership clients and will make payments on monthly basis for the services provided. The Monthly Retainership fee for the services -1 2 The List of Clients is as follows: 13 14 i) Newa Systems 45 16 ii) Black Belt Smart Phone Defense 17 18 ini Phoenix Limited 19 50 iv Buzkill Pest Killer 51 52 v) Yuatcha Restaurants 54 Vi Ahola Transport 55 56 vii BugFix 57 58 vii Upeenix 59 50 ix, Tenet Healthcare 51 52 x) GSM Club 03 54 08 Jan: Received 10% Advance Payment from all the clients, all the money received in the business bank account. 65 bb 10 Jan: Received partial payment of 2,500 from the Receivables Outstanding in the previous period in the business bank Account 27 20 Jan: Make Partial Paymeny of 1,500 towards to Payables Outstanding in the previous period through business bank account. 69 10 31 Jan: Accrued Rent of 1,000 and Utilities 700 for the month of January 2019 71 72 31 Jan: The Salaries Paid for the month amounts to 6,000 to all the staff 13 74 Being an Accountant of EVS Limited Liability Company, you are required to, Process the Above Accounting Events in the Books of Accounts by preparing: 15 46 1) Journal Entries for the month of January 2019 Transactions