lphacollege.ddns.net:5056/moodle/ Maps ment#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...

Extracted text: lphacollege.ddns.net:5056/moodle/ Maps ment#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 S1400 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 first page) 11D ACCT 1- Introductory Accounting I