Question: CASE 1: John Davidson started her practioe as a repistered interior designer on February a of the cument year: During the first month of operations,

CASE 1: John Davidson started her practioe as a repistered interior designer on February a of the cument year: During the first month of operations, the butinets comploted the foliouing trantactions -Feb 3 Devidson conbrouled \$81000 cash and office furniture with a fair manket value of $6500 trom her personus bank account to a business acosunt tiled John Davidson. Divefoian. -Feb 7 Purchased supples on account, $730 of the amoun, $1300 Feb is Paid secretary's balary, 8580 - Feb 20 Rectived partal collection bom dient on account $600 (issued on Feb 11) -Feb 22 Davidson purchasod a computer for himself at a cost of $2.000 paid cash from persenal fyndt. - Feb23 The Busicess received $2500 for interior services to be perlomed next monh -Feb 25 fortowed 511000 fron the bark for business use 1) Reser to case 1 Afer all of the transactions. How much is the Debit or Creds balance in the rral balance? (wrice your resill in be the answer bor belawy) Answer 2) Peder to case 1 Afer all of the transactions, how moch is the Total Assits? (anke your result is to the antwer bor below) Anawert 3) Peter to case t.Aher all of the transactions. How much is the A.P batance is the hal bularce? (inrie your nesult in te the answer ber bedow? Answer: 4) Reter to case 1.Mher all of the transactisns. How much is the cash balance at the end of the period? Mride your noull in to the answor ber boltuy? Arswer: 5) Peder to case 1.Afer all of the transactions, How much is the Revenue balarce? fwrite your reaill in bo the answer bor boloes? Arawer: Eyteter to case 1AMer all of the transactons. How much is the Net income? (nrete your resull in te the answer ber below? Answer: THefer to case 1Ather all of the transactions. How much is the Total Lablities? (inrile your reaull in to the ansmer toor balow? Answer. 8) Reder to case 1 Which of the following is joumat entry for Feb 20 ? 9) Reiter to case 1 Which of the following is joumal entry for Feb 22 ? A. No eflect B. Exponsos 2000 Cash 2000 C. Cash 2000 Revenue 2000 D. Eqipment 2000 Cash 2000 E. none of them

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