John Davidson started her practice as a registered interior designer on February 3 of the current year. During the first month of operations, the business completed the following transactions:

• Feb 3 Davidson contributed $83000 cash and office furniture with a fair market value of $ 5500 from her personal bank account to a business account titled John Davidson, Dietician.
• Feb 7 Purchased supplies on account; $750
• Feb 11 Performed services for a hospital $2000; received $900 immediately in cash and submitted a bill for the rest of the amount, $1100
• Feb 15 Paid secretary's salary, $600
• Feb 20 Received partial collection from client on account $600 (issued on Feb 11)
• Feb 22 Davidson purchased a computer for himself at a cost of $2,000, paid cash from personal funds.
• Feb23 The Business received $ 2500 for interior services to be performed next month
• Feb 25 Borrowed $10000 from the bank for business use

1) Refer to case 1 After all of the transactions, How much is the Debit or Credit balance in the trial balance? (write your result in to the answer box below)

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2) Refer to case 1 After all of the transactions, how much is the Total Assets? (wnte your result in to the answer box below)

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3) Refer to case 1After all of the transactions, How much is the A/P balance in the trial balance? (write your result in to the answer box below)

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4) Refer to case 1After all of the transactions, How much is the cash balance at the end of the period? (write your result in to the answer box below)

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5) Refer to case 1After all of the transactions, How much is the Revenue balance? (write your result in to the answer box below)

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6) Refer to case 1After all of the transactions, How much is the Net Income? (write your result in to the answer box below)

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7) Refer to case 1After all of the transactions, How much is the Total Liabilities? (write your result in to the answer box below)

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8) Refer to case 1 Which of the following is journal entry for Feb 20?

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