Question: Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the transactions listed
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the transactions listed below. Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Under the Reports tab, review the Trial Balance generated as a result of recording these transactions. 4) Under the Reports tab, review the Income Statement, and Balance Sheet generated as a result of recording these transactions. 5) Click Submit Work when complete. Transactions: 09/01/2018 Received $48,000 cash and gave capital to Simpson. 09/04/2018 Purchased office supplies, $1,200, and furniture, $1,300, on account. 09/06/2018 Performed services for a law firm and received $1,900 cash. 09/07/2018 Paid $18,000 cash to acquire land to be used in operations. 09/10/2018 Performed services for a hotel and received its promise to pay the $1,200 within one week
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