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What information do you need Required Please anwser all MCQ based on the following business transactions. Oct. 1 Aster Turane invested $46,000 cash, a $16,000
What information do you need
Required Please anwser all MCQ based on the following business transactions. Oct. 1 Aster Turane invested $46,000 cash, a $16,000 computer system, and $15,000 of office equipment in the business. 2 Paid six months of rent in advance; $9,000. 3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies. 5 Paid $8,640 cash for one year's premium on a property and liability insurance policy. 6 Billed Norton Electric $8,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies. 10 Hired Donald Gee as a part-time assistant for $345 per day, as needed. 12 Billed Norton Electric another $1,850 for computer services rendered. 15 Received $1,650 from Norton Electric on its account. 17 Paid $375 to repair equipment damaged when moving into the new office. 20 Paid $2,000 for an advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account. 28 Billed Whistler Resort $6,400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1,200 cash from the business for personal use. What is the balance of total fixed assets at the month end? O 28020 O 29000 O 31000 0 32000 How much is the net income is this month? 10070 011070 07120 0 6120 What is the balance of total liabilities and equity at the month end? 082870 O 65900 086870 O 65960 How much is the computer service revenue is this month? 0 14550 015550 16550 0 12550 What is the balance of the prepaid insurance account at the month end? O 8640 O 7600 O 7640 O 8600Step by Step Solution
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