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The following transactions have taken place in April 2016 for Gregory Hopkins as he established his new online sales business: April 1, opened his business

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The following transactions have taken place in April 2016 for Gregory Hopkins as he established his new online sales business: April 1, opened his business checking account with $25,000 borrowed from a local bank. The loan earns interest of 10% stating on April 1, 2016 and continues until it is paid is paid off. Purchased supplies on April 2th for $1200 of which he only uses 1/2 for the month. Purchased an online software for $2500 on credit on April 4th Purchased an equipment of $ $20,000 for 5 years on April 1, 2016. This equipment will be depreciated on straight line basis for 5 years starting on April 1, 2016 5. The online cash sales totaled $15,000 for the month of April. 2016. He purchased a computer for $2, 500 cash on April 10th. He hired an assistant and period him a salary of $3,000 for the month of April, 2016 He withdrew $2,000 for his personal use He billed a client for $5,000 on April 15, 2016 He paid w of what he owed on the software he purchased on April 4th. Prepare T-Accounts, Prepare Trail Balance, Income statement, owner's Equity Statement and the balance sheet for the company as of April 30, 2016

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