Please don't forget to make trial balance and balance sheet also. Here is the question: Journalise the following and prepare: Trial Balance, Income Statement and Balance Sheet. 11-Apr-20 Business owner Frank invested $50, 200 in cash and office equipment that had a fair vaule of $12,000 21-Apr-20 Prepaid $3,600 cash for three months' rent for an office 3 3-Apr-20 Made credit purchase of office equipment for $6,000 and office supplies for $1,200 45-Apr-20 Completed work for a client and immediately received $1,000 cash 59-Apr-20 completed a $4000 project for a client who will pay within 30 days 6 11-Apr-20 Paid the accounts payable created on Apr3 7 15 - Apr-20 Paid $3,000 cash for the annual premium on an insurance policy 8 20 - Apr-20 Received $3,200 as partial payment for the work completed on Apr9 9 22-Apr-20 Placed an order with a supplier for $4,800 of supplies to be delivered May 7, 2020. They must be paid for within 15days of being received 10 23-Apr-20 Completed work for another client for $1,320 on credit 11 27-Apr-20 Frank withdrew $3,600 cash from the business to pay some personal expenses 12 30-Apr-20 Purchased $400 of additional office supplies on credit 13 30-Apr-20 Paid $350 for the month's utility bill
Please don't forget to make trial balance and balance sheet also. Here is the question: Journalise the following and prepare: Trial Balance, Income Statement and Balance Sheet. 11-Apr-20 Business owner Frank invested $50, 200 in cash and office equipment that had a fair vaule of $12,000 21-Apr-20 Prepaid $3,600 cash for three months' rent for an office 3 3-Apr-20 Made credit purchase of office equipment for $6,000 and office supplies for $1,200 45-Apr-20 Completed work for a client and immediately received $1,000 cash 59-Apr-20 completed a $4000 project for a client who will pay within 30 days 6 11-Apr-20 Paid the accounts payable created on Apr3 7 15 - Apr-20 Paid $3,000 cash for the annual premium on an insurance policy 8 20 - Apr-20 Received $3,200 as partial payment for the work completed on Apr9 9 22-Apr-20 Placed an order with a supplier for $4,800 of supplies to be delivered May 7, 2020. They must be paid for within 15days of being received 10 23-Apr-20 Completed work for another client for $1,320 on credit 11 27-Apr-20 Frank withdrew $3,600 cash from the business to pay some personal expenses 12 30-Apr-20 Purchased $400 of additional office supplies on credit 13 30-Apr-20 Paid $350 for the month's utility bill
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am. 107.
Transcribed Image Text:Please don't forget to make trial balance and balance sheet also.
Here is the question:
Journalise the following and prepare: Trial Balance, Income Statement and Balance Sheet.
11-Apr-20 Business owner Frank invested $50, 200 in cash and office equipment that had a fair vaule of
$12,000 21-Apr-20 Prepaid $3,600 cash for three months' rent for an office 3 3-Apr-20 Made credit
purchase of office equipment for $6,000 and office supplies for $1,200 45-Apr-20 Completed work for a
client and immediately received $1,000 cash 59-Apr-20 completed a $4000 project for a client who will
pay within 30 days 6 11-Apr-20 Paid the accounts payable created on Apr3 7 15 - Apr-20 Paid $3,000
cash for the annual premium on an insurance policy 8 20 - Apr-20 Received $3,200 as partial payment for
the work completed on Apr9 9 22-Apr-20 Placed an order with a supplier for $4,800 of supplies to be
delivered May 7, 2020. They must be paid for within 15days of being received 10 23-Apr-20 Completed
work for another client for $1,320 on credit 11 27-Apr-20 Frank withdrew $3,600 cash from the business
to pay some personal expenses 12 30-Apr-20 Purchased $400 of additional office supplies on credit
13 30-Apr-20 Paid $350 for the month's utility bill
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