- Transferred cash from personal bank account to business, $20,000
- Paid January rent for office, $2,000
- Purchased used car for $30,000, paying $6,000 cash, giving note payable for the remainder
- Purchased equipment on account, $4,500
- Paid cash for supplies, $2,000
- Paid cash for annual insurance policy, $3,500
- Received cash from client for plans delivered, $14,000
- 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 car repairs for January $1,300
The office was opened on January 1, 2014. And those were the transactions of the month.
I need the rundown of recorded transactions and review, post to general ledger, prepare trial balance and review, income -and owner equity statement and lastly the balance sheet.
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