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the solve for the quastion - Presented below is information related to Collen Company. During the month of December 2022, the following events and transactions
the solve for the quastion - Presented below is information related to Collen Company. During the month of December 2022, the following events and transactions occurred: 1. I" Dec, Sharcholders invested 50,000 SAR, cash in exchange for ordinary shares. 2. 2at Dec, Hired employees to begin work on December 27d, at a salary of 4,000 SAR per month. 3. 3nd Dec, Purchased 2,500 SAR of supplies on account. 4. 7m Dec, Paid office rent of 1,000SAR cash for the month of December. 5. 10h Dec, Received cash of 1,200 SAR for services performed. 6. 15th Dec, Completed a tax assignment and billed client 5,800 SAR for services performed for Como Company on account. 7. 20th Dec, Received 3,500 SAR eash advance on a management consulting engagement. Course Instractor: Lat. Ahoud Atronhani 8. 24th Dec, Received cash of 5,800 SAR for services performed for Como Company. 9. 27th Dec, Paid employees 4,000 SAR salary for the month in cash. 10. 314 Dec, Paid dividend 2,000 SAR cash. Instructions: 1. Analyze the above transactions by using the financial accounting equation. 2. Journalize the above transactions: 3. Post to the appropriate ledger accounts. 4. Prepare a Trial Balance in a good form, Dec 31, 2022 5. Prepare an Inconse Statement, Dec 31, 2022. 6. Prepare a classified Balance Sheet (Financial Position Statement) at Dec 2022 7. Prepare a presentation for the above including the followings: a. Students Names (Group members). b. Each student will present a part with an explanation for her part
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