a) Record transactions into a worksheet (1 mark for each correct transaction entry = 7 marks).

b) Prepare an Income Statement (5 marks)

c) Produce an Owners Equity Statement (7 marks)

d) Prepare a Balance Sheet (10 marks)

1- Joan Robinson starts her own law office on July, 1 2019. During the first month of operations, the following transactions occurred.

1. To start the business, Joan invested a total of BD 10,000 in cash.

2. On the first week of operations, she was required to pay BD 900 for Julys office rent but was only able to pay BD 750 while she promised to pay the remaining amount later on.

3. Joan also purchased a computer and printer from Sharaf DG worth BD 2,000.

4. Her first costumer came in for legal advice which cost BD 1,500 and was paid in full.

5. Her brother needed to pay his university fees, so Joan offered to help and gave him BD 1,000

6. Another customer came in for legal services, this time she was Joans friend, and therefore her bill of BD 2,000 was to be paid within three months.

7. At the end of the month, Joan paid the salaries of her two employees each worth BD 350.