Ques tion No$.03$:

$(20$ MARKS$)$

On January $1,2023$ an Electrical $2$k$19$ Entrepreneur Student started a New firm $"$Hi Tech Solutions". On December $31,2023$ the company's records show the following items and amounts. Use this information to prepare an income statement, Balance Sheet for the Entrepreneur activity.

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Cash $q,$ carreta Accounts receivable dotsdotsdots$13,000$ Consulting fe es earned dotsdotsdotsdotsdots$15,$dots$\mathrm{.}000+$dots

L Doffice supplies $...........4,250$ Rent expens'$2{?}^{-}$dotsdotsdotsdotsdots.

in a Voffice equipment $........28,000$ Telephone: expens$.............660$

$\frac{?}{{?}_{?}}$ Accounts payable. $q,7,500$ Miscell$\backslash$bar $($a$)$ neous expenses $q,$

D Owner investments. $q,74,000$

Please analyze the situation and write your $(2$ to $3$ lines$)$ overall remarks $($support or oppose$)$ to start $"$Hi Tech Solutions" company. $($CLO # $2,$ PLO # $9)$

a$4$

# Students are iallowed to Use calcislator to solve this question:

${100}^4$

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NOTE: Plea'se Return Question Paper along with Answers Sheet

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