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A rundown of the book keeping journals, accounting homework help
I need of somebody who is specialized in accounting to provide me with their calculation. This is the problem:
“A designer office was opened on January 1, 2016. During the month, the following transactions were made:”
- Transfer of cash from personal bank account to account to be used for business, $20,000
- Paid January rent for office, $2,000
- Purchased used car for $30,000, paying $6,000 cash and giving note payable for the remainder
- Purchased equipment on account, $4,500
- Paid cash for supplies, $1,900
- Paid cash for annual insurance policy, $3,500
- Received cash from client for plans delivered, $13,000
- Paid cash for misc expenses, $2,500
- Paid cash for creditors on account, $3,000
- Paid installment due on note payable, $1,000
- Received invoice for blueprint service, due in February, $4,000
- Recorded fees earned on plans delivered, payment to be received in February, $22,000
- Paid salary for assistants, $4,000
- Paid gas, oil, repairs on car for January, $3,000
I need the rundown of the journals, post them to general ledger, preparation of trial balance, statement of income and owner equity, and finally the balance sheet. Please put “()” where there is a risk for unclarity,
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