Please help. Practice Chapter 2 (1)- Microsoft Excel ViewerGoToPage PrintSetup AreaPage SetupSwitchWindowsWindowHNCPQRstuVW(3) Calculate the final balance in each account.(4) Prepare a Trial Balance(5) Prepare the 3 financial statements from the Trial BalanceTRANSACTIONSa. Lewis deposited $50,000 in a bank account in the name of the business on 1/5/21.b. Bought waiting room chairs and tables on account, $1,250c. Bought a fax/copier/scanner combination from Office Depot for $595, paying $200 in cash and placing the balance on account(Check #1001)d. Bought an intercom system on account from Eastman Office Supply, $375e Received and paid the telephone bill, $250 (Check #1002)f. Sold professional services on account, $1,484Received and paid the electric bill, $225 (Check #1003)h. Received and paid the bill for the dycalculia convention, $750 (Check #1004)Sold professional services for cash, $2,575Paid on account to Eastman Office Supply, $300 (Check #1005)K Paid the rent for the current month, $1,200 (Check #1006)I Paid salary of the receptionist, $880 (Check #1007)m. Lydia withdrew cash for personal use, $800 (Check #1008)n. Received $885 on account from patients who were previously billedtions TreI Balance d intPint PreviewwentCopyPageSetup AreaPage SetupFindGoToSwitchWindowsYPrintEditWindowDEFH.L.NOPsTuMR.WXYZAAABASSETSLIABILITIESCAPITALDRAWINGREVENUEEXPENSES个业个业个业个业个业个业个业个业个业个业个业个业7.101112131415Balance:Balance:Balance:Balance:Balance:Balance:1617Lydia Lewis opens a Math Monkey Tutoring Center on 1/5/21.18Her accountant prepared the following chart of accounts:Assets: Cash, Accounts Receivable, Office Equipment, Office FurnitureLiabilities: Accounts Payable19个业个业个业2021Owner's Equity: LLewis, Capital and LLewis, DrawingRevenue: Professional FeesExpenses: Salary Expense, Rent Expense, Utilities Expense, Miscellaneous Expense22232425(1) Prepare the Taccountslabel each Taccount with the appropriate name, using the chart of accounts above2627Balance:Ifor each account, remove one of the arrows from the left side of the TBalance:28leave the appropriate arrow to indicate what happens on the left side of that particular account29in other words, is the left side the increase side or the decrease side of the account?Irepeat for the ride side of the accountIrepeat for each of the other accounts8031个业个业8233(2) Record the transactions (a-n) listed below.34(3) Calculate the final balance in each account.35Ouestions Record Transactions.Tral BalanceFnandar StatementsReadyType here to search82

Journal entry: Journal is a book of prime entry or a book of original entry in which transactions…

Area Windows Page Setup Window DEF H LUK NCP Q2 ASSETS LIABILITIES CAPITAL DRAWING REVENUE EXPENSES 个4 个4 个业个业个业个业个业个业个业个 4 in Balance: Balance: Balance: Balance: Balance: Balance: Lydia Lewis opens a Math Monkey Tutoring Center on 1/5/21 8 个4 个业 Her accountant prepared the following chart of accounts: 个业个业 Assets: Cash, Accounts Receivable, Office Equipment, Office Furniture Liabilities: Accounts Payable Owner's Equity: Llewis, Capital and LLewis, Drawing Revenue: Professional Fees Expenses: Salary Expense, Rent Expense, Utilities Expense, Miscellaneous Expense (1) Prepare the Taccounts label each Taccount with the appropriate name, using the chart of accounts above Balance: for each account, remove one of the arrows from the left side of the T leave the appropriate arrow to indicate what happens on the left side of that particular account Balance: in other words, is the left side the increase side or the decrease side of the account? repeat for the ride side of the account repeat for each of the other accounts 个中 (2) Record the transactions (a-n) listed below. (3) Calculate the final balance in each account. TIHWORD Record Transactions alance eaInS ns Peady O Type here to search

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q