Question: please help Can someone help me with explanations? [1} Maxim stated a business with $10,000 cash [2} Bought for cash a Legend {$3,000} and an

please help

please help Can someone help me with
Can someone help me with explanations? [1} Maxim stated a business with $10,000 cash [2} Bought for cash a Legend {$3,000} and an Apple Mac [$2,500] on credit [3} Sold the Legend for $41500 on credit [4} Received a telephone bill for $100 which he paid [5} Sold the Apple Mac for $3,800 cash [6} Drew $600 in cash from the business {7'} Paid motor expenses of $40 [8} Received a bill for rent, $90 [9} Received $300 from Denis as a loan repavable in two yearsr time [10) Accrued $10 interest expense on this loan Prepare: (i) general journal for the transactions; (ii) ledger accounts showing descriptions and balances; {iii} a trial balanoe; (iv) a statement of prot or less (income statement) for the period; (v) a statement of nancial position (balance sheet}

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