Ralph Antonio operates an architectural design business. The following transactions were recorded for the month of March.

Required:
a Prepare journal entries for the above transactions.
b Post to appropriate accounts in the ledger (use three-column format).
c Prepare a trial balance to ensure posting has been completed correctly.

Transcribed Image Text:

Date 2 Mar. Transaction Antonio invested a further $10 000 into the business Invoiced clients for work completed $4400 Purchased a new 3D equipment for $5500. Paid $500 with the balance payable in 30 days Paid wages $2370 including payroll tax of $370 3 7 10 11 Paid rent on premises for 6 months $2200 15 Invoiced clients for work performed $6600 20 2222 25 26 Paid telephone and internet connection bill $330 for the month Antonio withdrew $150 from the business Received $1750 as a deposit for work to be performed for a client in April Received a water bill to be paid in two months $421 31 Paid bank fees incurred on the business bank account $37