Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Year Month Day 1 2018 Apr 1 You Invest to open a business: >, consultant. $90,500.00 2 2018 Apr 5 You receive Professional services cash
Year Month Day 1 2018 Apr 1 You Invest to open a business: >, consultant. $90,500.00 2 2018 Apr 5 You receive Professional services cash Taxes $12,300.00 3 2018 Apr 6 $1,700.00 You pay the rent You have provided Professional services on account 4 2018 Apr 8 Taxes $8,000.00 5 2018 Apr 9 You buy insurance $6,600.00 Note 4 Note 1 + 6 2018 Apr 9 $15,600.00 You buy on account Computer Equipment for You receive Professional Fees cash Taxes + Taxes 7 2018 Apr 10 $9,000.00 8 2018 Apr 10 Taxes $1,500.00 9 2018 Note 2 Apr 12 You buy publicity cash You buy on account Office Equipment for You receive Professional Fees cash Taxes $9,600.00 10 2018 Apr 13 $10,250.00 Taxes + Taxes + 11 2018 Apr 14 You pay the accountant Note 5 Note 3 $1,800.00 12 2018 Apr 15 Sign a contrat for 6 months Taxes $7,500.00 13 2018 Apr 16 $1,250.00 + Taxes + Taxes Note 6 14 2018 You paid the electricity bill You buy cash Office supplies for You receive partial payment from client for services Apr 17 $3,300.00 15 2018 Apr 19 $2,950.00 16 2018 Apr 19 You paid the telephone bill cash Taxes $339.00 17 2018 Apr 21 $5,200.00 18 2018 Apr 22 $1,500.00 $3,700.00 19 2018 Apr 24 You make partial payment on purchase made this month You withdraw for personal use You receive partial payment from client for services You pay salaries expenses (secretary) You pay salaries expenses (owner) You withdraw for personal use 20 2018 Apr 19 $1,080.00 21 2018 Apr 19 $1,850.00 22 2018 Apr 28 $2.500.00 23 2018 Apr 29 You pay the car lease Taxes $735.00 Prepare the following documents 1 2 3 4 5 6 General Journal T accounts Trial Balance Income statement Owner Equity Balance Sheet Note 1 2 $4,680.00 $2,400.00 Computer Equipment linear depreciation on 30 months, residual value = Office Equipment linear depreciation on 30 months, residual value = You sign a contract for 6 months The Insurance is a contract for 24 months The Accountant is a contract for 12 months The Office Supplies used for the month is $1259 $1.259.00 6 a Computer $364.00 b Office Equip $240.00 Office supply $1,259.00 d Insurance $275.00 e Accountant $150.00 f Prepaid Revenu $625.00 g Salaries $3,223.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started