Transactions for the month of January $01-$Jan You Invested $$50,000$ cash to create a new Accounting company. $02-$Jan Bought equipment for $$15,000,$ paid $$5,000$ in cash, and the rest on credit. $03-$Jan Earned $$10,000$ in revenue from services provided, on account $04-$Jan Purchased $$600$ of office supplies on account to be used during this month $05-$Jan Paid $$500$ for the monthly utility bill. $10-$Jan Collected $$3,000$ from customers previously billed. $11-$Jan Paid rent for the month amounting to $$2,000.12-$Jan Recorded revenue of $$4000$ on account $14-$Jan Earned Revenue for services and billed the client $$5,000.18-$Jan Paid $$1,500$ for advertising campaigns. $19-$Jan Purchased a delivery vehicle for $$25,000,$ paying $$10,000$ down and the rest financed. $22-$Jan Received $$4,000$ in advance for services to be provided over the next four months. $23-$Jan Paid $$4,500$ in salaries at the end of the month. $24-$Jan You withdrew $$3,000$ from the business $25-$Jan Purchased office furniture for $$4,500$ cash. $26-$Jan Paid $$2,000$ towards the the equipment loan. $30-$Jan Revenue of $$20,000$ for services rendered, half cash and half on account. $30-$Jan Paid $$3,600$ for an annual insurance policy in advance. please write General Ledger $,$ create Trial Balance $,$ calculate Income Statment $,$ calculate Statement of Change in Owner's Equity, and do a BAlance Sheet

Answer rating: 100% (QA)

Certainly Lets go through the transactions and create the necessary financial statements General Ledger Cash 01Jan 50000 Investment 02Jan 5000 Equipme... View the full answer