On September 1, 20X6, Michael Moe incorporated Moe's Mowing, Inc., a company that provides mowing and landscaping services. During the month of September, the business incurred the following transactions: a. To begin operations, Michael deposited$10, 000 cash in the business's bank account. The business received the cash and issued shares to Michael. b. The business purchased equipment for$3, 500 on account. c. The business purchased office supplies for$800 cash. d. The business provided$2, 600 of landscaping works to a customer on account. e. The business paid$500 cash toward the equipment previously purchased on account in transaction b. f. The business received$2, 000 in cash for services provided to a new customer. g. The business paid $200 cash to repair equipment. h. The business paid$900 cash for September's salary expense. i. The business received a utilities bill amounting to$150; it has not paid this bill. j. The business received$2,100 cash from a customer on account. k. The business paid cash dividends of$1, 500. Required: Q. 1 Journalize the transactions shown above. Q. 2 Post to the ledger and display the balance in each account after all the transactions have been posted. Q. 3 Prepare unadjusted trial balance, for the month of September 1, 20X6
On September 1, 20X6, Michael Moe incorporated Moe's Mowing, Inc., a company that provides mowing and landscaping services. During the month of September, the business incurred the following transactions:
a. To begin operations, Michael deposited$10, 000 cash in the business's
bank account. The business received the cash and issued shares to Michael.
b. The business purchased equipment for$3, 500 on account.
c. The business purchased office supplies for$800 cash.
d. The business provided$2, 600 of landscaping works to a customer on
account.
e. The business paid$500 cash toward the equipment previously purchased
on account in transaction b.
f. The business received$2, 000 in cash for services provided to a new
customer.
g. The business paid $200 cash to repair equipment.
h. The business paid$900 cash for September's salary expense.
i. The business received a utilities bill amounting to$150; it has not paid this bill.
j. The business received$2,100 cash from a customer on account.
k. The business paid cash dividends of$1, 500.
Required:
Q. 1 Journalize the transactions shown above.
Q. 2 Post to the ledger and display the balance in each account after all the transactions have been posted.
Q. 3 Prepare unadjusted
Q. 4 Prepare Income Statement for the month of September 1, 20X6
Q. 5 Prepare Statement of Owners Equity for the month of September 1, 20X6
Q. 6 Prepare Balance Sheet for the month of September 1, 20X6
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