Question: can some help me do this problem? I tried doing it but i keep getting it wrong and dont understand anymore 3. Basic transaction processing.

can some help me do this problem? I tried doing it but i keep getting it wrong and dont understand anymore can some help me do this problem? I tried doing it but

3. Basic transaction processing. On March 1 of the current year, Ann Jennings invested $19,000 into a corporation she formed and opened a business checking account. The following transactions occurred during the month for Jennings Consulting Services, Inc.: 1. Ann invested $19,000 into the business. 2. Paid $2,000 to acquire a computer system. 3. Purchased $1,200 of office furniture on account. 4. Performed $2,600 of consulting services on account. 5. Paid $250 of repair expenses. 6. Received $800 from clients who were previously billed in item 4. 7. Paid $500 on account to the supplier of office furniture in item 3. 8. Received a $350 electric bill, to be paid next month. 9. Ann received a dividend check for $900 from the business. 10. Received $650 in cash from clients for consulting services rendered. Instructions a. Record each transaction in a journal utilizing T-accounts to serve as your ledger. b. Answer the following questions for Parker. (1) How much does the company owe to its creditors at month-end? On which financial statement(s) would this information be found? (2) Did the company have a "good" month from an accounting viewpoint? Briefly explain. Use Journal and T-Account forms

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