Accounting 1 - Exercise C Name: Student No Year Month 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2019 September 2013 Septembre 2019 September 2019 September Day 1 You open a business called, >, & invest 2 You buy land and a building and sign a note for the amount owing 60% of the cost is attributed to the land 3 You buy Computer Equipment 4 You buy on account: Computer equipment and Office equipment from Staples You provide Professional Services on account 8 You purchase Office Furniture 8 You withdraw funds for personal use 9 You pay cash for an interior decorator 11 You hire a secretary/receptionist, who begins work today 15 You provide Professional Services 16 You make partial payment to Staples 18 You provide Professional Services on account 20 You withdraw funds for personal use 22 You receive payment on accounts receivable 26 You take potential clients out to dinner and a show 27 You receive payment on account receivable 27 You pay your secretary 28 You provide Professional Services, half of which is paid on account 29 You receive payment on accounts receivable 30 You make partial payment on account payable 30 You buy Office Supplies $1,250,000.00 Note: Land does not depreciate, whereas buildings can. Therefore the 2 items must $550,000.00 be recorded in separate accounts. $14,200.00 $15,000.00 New Accounts: $16,000.00 Assets - Land, Buildings, Liabilities - Notes Payable; Salaries Payable $9,250.00 $6,450.00 $25,000.00 Note: $3,700.00 - Computer Equipment, $1000.00 Salvage Value useful life of 4 years. 2000 bi-weekly - Office Supplies used for the month were $200.00 $19,000.00 - Don't forget your adjusting entry for salaries!!! $14,000.00 Sunday Monday Tuesday Wednesday Thursday Friday Saturday $19,500.00 $12,000.00 $5,000.00 $375.00 $5,250.00 1 14 8 9 10 11 12 13 15 16 17 18 23 24 25 26 27 28 $21,500.00 $2,600.00 $5,750.00 $500.00 19 20 21 22 "Unless otherwise stated, all transactions are cash transactions. 29 30 Required Prepare the following documents: 1 General Journal 2 Ledgers 3 Trial Balance 4 Adjusted Trial Balance 5 Income statement 6 Statement of Owner's Equity 7 Balance Shoot