The Packns Computer Centre ciemod as chat of accounts as lotows: (Cick the icon to view the chart of acrounts) During August 2002 the trst manth of aperations, Tony Foldman, asmor of tha tolowing chat of accourts, recorded the thansactoons in tho accomparming totibe. During Siglamber 2022. Packen Compuler: Ceche complofod the transachons in the accompanying table (Cick the icon to vewe the Auguat 2022 transactions) (Cick the icon to vew the 5eptinber 2022 transactons) Assignamens August transactions (a) Invested $15,000 of his savings into the business. (b) Paid $2,000 (cheque No. 201) for the computer from Roster Place, Inc. (c) Paid $800 (cheque No. 202) for office equipment from Edgar Mason, Inc. (d) Set up a new account with Office Depot and purchased $900 in office supplies on credit. (e) Paid August rent, $550 (cheque No. 203). (f) Repaired a system for a customer, collected $1,000. (g) Collected $600 for system upgrade labour charge from a customer. (h) Electric bill due at August 31 but unpaid, $125. (i) Collected \$1,900 for services performed on Howard's Hat Shop computers. (j) Tony withdrew $175 (cheque No. 204) to take his wife, Carol, out in celebration of opening the new business. Note: The business is too small to worry about GST (or HST), and PST is not applicable either. September transactions (k) Received the phone bill for month of August, $100. (I) Paid $300 (cheque No. 205) for insurance for the month. (m) Paid \$50 (cheque No. 206) of the amount due from transaction (d) in the August list of transactions. (n) Paid advertising expense for the month, $700 (cheque No. 207). (o) Billed a client (Diana Manzi) for service rendered, $1,400. (p) Collected \$1,500 for services rendered-a cash sale. (q) Paid the electric bill in full for the month of August (cheque No. 208-transaction (h) from the August list of transactions), $125. (r) Paid cash (cheque No. 209) for $70 in stamps. (s) Purchased $300 worth of supplies from Harry's Harddrive on account. Assignment Assignment 1. The T accounts, along with their balances as of August 31, 2022 have been set up for you. Record transactions k through s in the appropriate T accounts. 2. Foot the T accounts where appropriate. 3. Prepare a trial balance at the end of September 2022. 4. From the trial balance, prepare an income statement, statement of owner's equity, and a balance sheet for the two months ending with September 30, 2022. werised ce tes tank.) The Packns Computer Centre ciemod as chat of accounts as lotows: (Cick the icon to view the chart of acrounts) During August 2002 the trst manth of aperations, Tony Foldman, asmor of tha tolowing chat of accourts, recorded the thansactoons in tho accomparming totibe. During Siglamber 2022. Packen Compuler: Ceche complofod the transachons in the accompanying table (Cick the icon to vewe the Auguat 2022 transactions) (Cick the icon to vew the 5eptinber 2022 transactons) Assignamens August transactions (a) Invested $15,000 of his savings into the business. (b) Paid $2,000 (cheque No. 201) for the computer from Roster Place, Inc. (c) Paid $800 (cheque No. 202) for office equipment from Edgar Mason, Inc. (d) Set up a new account with Office Depot and purchased $900 in office supplies on credit. (e) Paid August rent, $550 (cheque No. 203). (f) Repaired a system for a customer, collected $1,000. (g) Collected $600 for system upgrade labour charge from a customer. (h) Electric bill due at August 31 but unpaid, $125. (i) Collected \$1,900 for services performed on Howard's Hat Shop computers. (j) Tony withdrew $175 (cheque No. 204) to take his wife, Carol, out in celebration of opening the new business. Note: The business is too small to worry about GST (or HST), and PST is not applicable either. September transactions (k) Received the phone bill for month of August, $100. (I) Paid $300 (cheque No. 205) for insurance for the month. (m) Paid \$50 (cheque No. 206) of the amount due from transaction (d) in the August list of transactions. (n) Paid advertising expense for the month, $700 (cheque No. 207). (o) Billed a client (Diana Manzi) for service rendered, $1,400. (p) Collected \$1,500 for services rendered-a cash sale. (q) Paid the electric bill in full for the month of August (cheque No. 208-transaction (h) from the August list of transactions), $125. (r) Paid cash (cheque No. 209) for $70 in stamps. (s) Purchased $300 worth of supplies from Harry's Harddrive on account. Assignment Assignment 1. The T accounts, along with their balances as of August 31, 2022 have been set up for you. Record transactions k through s in the appropriate T accounts. 2. Foot the T accounts where appropriate. 3. Prepare a trial balance at the end of September 2022. 4. From the trial balance, prepare an income statement, statement of owner's equity, and a balance sheet for the two months ending with September 30, 2022. werised ce tes tank.)
