The Haper Center company presents a statement of initial situation with cash of $ 26,000, accounts receivable $ 4,500, accounts payable $ 2,000, capital stock $ 28,500.

P. 18

During the month of March, the company carried out the following transactions:

He borrowed $ 45,000 from the bank and signed a promissory note in the name of the business.

He paid $ 40,000 in cash to purchase a piece of land.

He performed a service for a customer and received $ 5,000 in cash.

Bought supplies on credit, $ 300.

Performed a service for a client and obtained a credit income, $ 2,600

He paid $ 1,200 on a credit operation.

He paid the following out-of-pocket expenses: salary $ 3.00, rent $ 1,500, and interest $ 400.

He received $ 3,100 from a credit operation.

He received a $ 200 utility bill, to be paid the following week.

The owner withdrew $ 1,800

Is required:

Make the journal

Register the accounts in T accounts

Perform trial balance

Carry out the Statement of Income and the Statements of Financial Position

Answer rating: 100% (QA)

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