what is the owners equity from this genral jorunal???
Hudtos saline campeny General jouths! Hudian Sabine Company General jounal 1. Prepare all General Journal entries for the activity for the Initial Quarter ( 30 Points). 2. Post all General Journal entries to the General Ledger. (20 Points). 3. Prepare a Trial Balance. (10 Points). 4. Prepare any Adjusting Entries required prior to the Quarter Close. Post all Adjusting Entries to the General Journal and the General Ledger. (5 Points). 5. Prepare and Adjusted Trail Balance (5 Points). 6. Prepare Closing Entries required for the Quarter Close. Post all Closing Entries to the General Journal and the General Ledger. (5 Points). 7. Prepare a Post Closing Trail Balance (5 Points). 8. Prepare an Income Statement (10 Points). 9. Prepare a Classified Balance Sheet. (10 Points). FactSet: Hudson invested $100,000 cash into the Business. Hudson rented office space downtown. No security deposit was required. He paid the 1st Month's Rent of $500 in cash. Hudson purchased Office Furniture for $5,000 in cash. Hudson performed engineering services for the David Corless Company and was paid $2,000 cash. Hudson purchased some printed marketing materials for $200, paying cash. Hudson performed engineering services for the Kyle and Company and charged them $7,000, invoicing them for the services rendered. Hudson received a check for payment in full of the outstanding invoice from Kyle and Company. Hudson purchased Office Supplies for $200 on Account at Klein's Stationary. Hudson bought general liability insurance for $1,200 paying cash. The Policy period is for 11-1-20 to 103121 Hudson withdrew $4,000 cash from the Business. Hudson performed engineering services for Toms River Township and invoiced the township for 10,000 . Hudson paid JCP\&L for the October Electric Bill, writing a check (same as cash) for $88. Hudson received a partial payment from Toms River Township of $5,000. Hudson received the balance of the payment due to him from Toms River Township. Hudson accepted an advance payment of $5,000 from Christian Ferro for engineering work that will be performed in January 2021. Hudson noticed that no depreciation has been recorded for the Office Furniture since it was originally purchased on 10-1-20. The Furniture has an estimated useful life of 7 Years with no Salvage value. He has decided to use the Straight Line Depreciation Method. Hudson has received, but not paid the JCP\&L bill for November and December 2020 Electric in the amount of $150. Hudson asked you to prepare the remaining year end adjusting entries, prior to closing the books You prepare all closing entries for the period end. Hudzen Sabine Company General Ledger - Owner's Equity