Question
The following transactions have taken place in April 2016 for Gregory Hopkins as he established his new online sales business: 1. April 1, opened his
The following transactions have taken place in April 2016 for Gregory Hopkins as he established his new online sales business:
1. April 1, opened his business checking account with $25,000
2. Purchased supplies on April 2nd for $1,200 of which he only uses 1/4 for the month
3. Purchased an online software for $2,500 on credit on April 4th
4. SKIP
5. The online cash sales totaled $15,000 for the month of April 2016
6. He purchased a computer for $2,500 cash on April 10th
7. He hired an assistant and paid him a salary of $3,000 for the month of April 2016
8. He withdrew $2,000 for his personal use
9. He billed a client for $5,000 on April 15 2016
10. He paid 1/2 of what he owed on the software purchased on April 4th
PREPARE T-ACCOUNTS
TRIAL BALANCE
INCOME STATEMENT
OWNER'S EQUITY STATEMENT
THE BALANCE SHEET FOR THE COMPANY AS OF APRIL 30 2016
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