On June $1,20$X$1,$ Jenna Davis opened the Leadership Coaching Agency.

DATE TRANSACTION

June $1$ Jenna Davis invested $$32,460$ cash to start the business.

$2$ Issued Check $201$ for $$2,260$ to pay the June rent for the office.

$3$ Purchased desk and other office furniture for $$11,280$ from lowe's office

Supply, Invoice $5103$ ; issued Check $202$ for a $$1,940$ down payment with the

balance due in $30$ days.

$4$ Issued Check $293$ for $$1,840$ for supplies.

$6$ Performed services for $$7,910$ in cash.

$7$ Issued Check $204$ for $$7,420$ to pay for advertising expense.

$8$ Purchased recording equipment for $$14,550$ fron Special Moves, Inc., Invoice

$2122$ ; issued Check $205$ for a down payment of $$5,850$ with the balance due in $30$

days.

$10$ Performed services for $$6,270$ on account.

$11$ Issued Check $296$ for $$3,09$ to Lowe's office Supply as payment on account.

$12$ Performed services for $$10,400$ in cash.

$15$ Issued Check $207$ for $$5,950$ to pay an employee's salary.

$18$ Received payments of $$4,480$ from credit clients on account.

$28$ Issued Check $298$ for $$5,946$ to Special Moves, Inc., as payment on account.

$25$ Issued check $299$ in the amount of $$450$ for the monthly telephone bill.

Issued Check $218$ in the amount of $$900$ for the monthly electric bill.

$28$ Issued Check $211$ to Jenna Davis for $$5,600$ for personal living expenses.

$38$ Issued Check $212$ for $$6,980$ to pay the salary of an employee.

Requlred:

Prepare the journal entries for the above transactions.

Post the above transactions to the ledger accounts.

Prepare a trial balance.

Prepare the income statement.

Prepare a statement of owner's equity.

Prepare the balance sheet.

Anelyze:

How many postings were made to the Cesh account?

Complete this question by entering your answers in the tabs below.

Journal entry worksheet