SpaceY, owned by Mlon Eusk, provides space travel consulting services. During January 2017, the following events occurred: Jan. 2 Owner contributed $50,000 and purchased a new computer costing $20,500 to start her business. Jan. 4 Office supplies were purchased on account for $4,000. Jan. 10 SpaceY obtained 12% 5-year loan of $20,000 from the bank. Jan. 12 SpaceY paid the utility bills for $2,750. Jan. 15 Paid $3,000 in Accounts Payable from the purchase of office supplies on Jan. 4. Jan. 24 Space consultant services completed in January were billed to client at $18,300. Jan. 27 SpaceY received $5,500 from Chamath, a client, as payment on account. Jan. 30 Mlon Eusk withdrew Rs. 6,000 of cash for personal use. Requirement: Please create a journal entry, a general ledger account, and a trial balance using this information.
SpaceY, owned by Mlon Eusk, provides space travel consulting services. During January 2017, the following events occurred:
Jan. 2 Owner contributed $50,000 and purchased a new computer costing $20,500 to start her business.
Jan. 4 Office supplies were purchased on account for $4,000.
Jan. 10 SpaceY obtained 12% 5-year loan of $20,000 from the bank.
Jan. 12 SpaceY paid the utility bills for $2,750.
Jan. 15 Paid $3,000 in Accounts Payable from the purchase of office supplies on Jan. 4.
Jan. 24 Space consultant services completed in January were billed to client at $18,300.
Jan. 27 SpaceY received $5,500 from Chamath, a client, as payment on account.
Jan. 30 Mlon Eusk withdrew Rs. 6,000 of cash for personal use.
Requirement: Please create a
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