Prepare Journal, T accounts, trial balance, income statement, Statement of Equity and Balance sheet from following transactions in the books of Dual Electronics Ltd. For the month of March 2022

DATE	TRANSACTIONS
March 1	Started business with cash $100,000; furniture $50,000; machinery $85,000
March 5	Gave repairing services to client for $10,000 for cash
March 10	Hire 2 salespeople who will start from the month of July 2022
March 15	Purchased supplies on credit $5000
March 26	Paid rent $25,000; paid utilities $500
March 30	Withdraw $6000 for his personal use
March 31	Paid for supplies purchased on March 15 in cash.

Answer rating: 100% (QA)

Step 1 Introduction In the accounting process first the journal entries ... View the full answer