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The APEKS Consulting company begins operations on May 1. During May, the following events occur: May. 12,000 cash is received for 200 shares of
The APEKS Consulting company begins operations on May 1. During May, the following events occur: May. 12,000 cash is received for 200 shares of stock. May. 2 The firm rents office space and equipment for 300 dollars per month, and 3 months rent is paid in advance (900) dollars by issuing check. May. 3 A secretary is hired at 500 dollars a month and surveyor at 900 dollars a month. May.4 Supplies are purchased on account for 450 dollars from BINGO Co. May 20. Services are performed for a customer. MAYA Construction Co. MAYA S BLLED FOR 1,200 dollars. May. 21 Services are performed for customers, and the customers pay cash of 1,300 dollars. May. 22 Cash received on account from MAYA Construction Co. amounts in 900 dollars. May. 24 Payments of 250 are made on account to BINGO Supply Co. May. 31 During the month, supplies costing 125 dollars are used as indicated by a count of supplies still on hand. May. 31 One month of the prepaid rent on the office has expired at the end of the month. May. 31 Salaries for the month, amounting to 1,400, are paid in cash to employees hired May 3. REQUIRED: 1. PREPARE THE LEDGER ACCOUNTS AS OF MAY 31, 2020 (25 points). 2. PREPARE THE TRIAL BALANCE AS OF MAY 31, 2020 (25 points).
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