| alphacollege.ddns.net:5056/moodle/ be A Maps gnment#3-Handwritten Group Assignment is due Thursday, 18 March, 6:30 PM Course event 1. May1, Business owner Bill Doors invested $200,000 in cash and...


| alphacollege.ddns.net:5056/moodle/<br>be<br>A Maps<br>gnment#3-Handwritten Group Assignment is due<br>Thursday, 18 March, 6:30 PM<br>Course event<br>1. May1, Business owner Bill Doors invested $200,000 in cash and office equipment worth $48,000 in the business bank account<br>2. May1st, prepaid $14,400 cash for three month office rent.<br>3. May2nd, made credit purchase of office equipment for $24,000 and office supplies for $4800<br>4. May6, completed services for a client and received $4000 cash.<br>5. May9, completed a $16,000 project service for a patient, who will pay within 30 days.<br>6. May10, paid balance owing on May2nd.<br>7. May19, paid $12,000 cash for the annual liability insurance premium<br>8. May22, received $12,800 as partial payment for the services done on May9.<br>9. May25, completed consulting services for another client for $5280 on account.<br>10. May31, Bill Doors withdrew $12,400 cash for personal use<br>11. May31, purchased $1600 additional office supplies on account<br>12. May31, paid $1400 for the monthly utility bill.<br>Required:<br>Step1-making entries<br>Step2 T-Account to add the balance for each account<br>Step3 Trial Balance<br>Step4 Financial Statements<br>Please note: each group with one submission only (submitted by the group leader with four group members' name and student ID on the<br>first page)<br>11D ACCT 1- Introductory Accounting<br>Add submiss<br>o search<br>ASUS<br>13)<br>f7<br>f9 TA<br>f10 A<br>f11<br>F12 IA<br>prt sc<br>delete<br>&<br>*<br>4<br>7<br>backspace<br>T<br>Y<br>U<br>F<br>G<br>H<br>J<br>K<br>P.<br>DI<br>3<br>

Extracted text: | alphacollege.ddns.net:5056/moodle/ be A Maps gnment#3-Handwritten Group Assignment is due Thursday, 18 March, 6:30 PM Course event 1. May1, Business owner Bill Doors invested $200,000 in cash and office equipment worth $48,000 in the business bank account 2. May1st, prepaid $14,400 cash for three month office rent. 3. May2nd, made credit purchase of office equipment for $24,000 and office supplies for $4800 4. May6, completed services for a client and received $4000 cash. 5. May9, completed a $16,000 project service for a patient, who will pay within 30 days. 6. May10, paid balance owing on May2nd. 7. May19, paid $12,000 cash for the annual liability insurance premium 8. May22, received $12,800 as partial payment for the services done on May9. 9. May25, completed consulting services for another client for $5280 on account. 10. May31, Bill Doors withdrew $12,400 cash for personal use 11. May31, purchased $1600 additional office supplies on account 12. May31, paid $1400 for the monthly utility bill. Required: Step1-making entries Step2 T-Account to add the balance for each account Step3 Trial Balance Step4 Financial Statements Please note: each group with one submission only (submitted by the group leader with four group members' name and student ID on the first page) 11D ACCT 1- Introductory Accounting Add submiss o search ASUS 13) f7 f9 TA f10 A f11 F12 IA prt sc delete & * 4 7 backspace T Y U F G H J K P. DI 3

Jun 11, 2022
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