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The following transactions as attach occurred for ATC during September 2019. Required : 1.Please Prepare the journal entries for all transactions above. 2.Please Prepare the

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The following transactions as attach occurred for ATC during September 2019.

Required:

1.Please Prepare the journal entries for all transactions above.

2.Please Prepare the trial balance.

3.Please Prepare the following financial statements:

a. Income statement

b.Statement of owners' equity

c. Balance sheet

Thank You

image text in transcribedimage text in transcribed
SESSION 2: ACCOUNTING INFORMATION SYSTEM AND ADJUSTING ENTRIES Question #1 The following transactions occurred for ATC during September 2019. Date Business event Sept 1 Nicholas contributed $20,000 cash into the business bank account 3 The business purchased an iPad for $500 cash from JB Teck Supplies 4 The business sent an invoice to Tennis Queensland for services rendered of $3,000 5 The business banked cash received from coaching services of $10,000 7 The business paid rent of $1,000 8 The business negotiated with a contractor {Allan Faff) to perform 80 hours of work over the next two weeks for Indoorpolis Tennis Club 9 The business banked cheques received from DT Tennis for coaching services provided of $5,000 10 The business paid salaries to part-time staff of $2,200 12 The business paid $1,800 to Dickson Bros for ofce furniture 14 The business paid $450 for electricity 15 The business invoiced TJB $3,800 for coaching services 16 The business paid mobile phone charges of $280 17 The business paid $2,000 to Russell Solutions for web site development 19 Nicholas purchased a digital camera for home use for $300 from Dr Cameras using his personal credit card 20 The business bought an office desk on credit from Office R Us for $1,400 21 The business banked $500 for coaching services provided to Ironside Primary School 25 The business bought a new computer server for $6,000 from JB Teck Supplies for cash 28 The business took out a bank loan to purchase equipment with Welcome Bank for $50,000, to be repaid in 5 years Required: 1. Prepare the journal entries for all transactions above. 2. Prepare the trial balance. 3. Prepare the following financial statements: Income statement b. Statement of owners' equity C. lance she

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