Business
Business, 18.02.2020 23:14, mateotrevino1

Transactions: a. Guttery invested $148,000 in cash to start the business. b. Paid $4,800 for the current month's rent. c. Bought office furniture for $15,520 in cash. d. Performed services for $8,400 in cash. e. Paid $1,130 for the monthly telephone bill. f. Performed services for $14,200 on credit. g. Purchased a computer and copier for $35,600; paid $11,800 in cash immediately with the balance due in 30 days. h. Received $7,100 from credit clients. i. Paid $2,800 in cash for office cleaning services for the month. j. Purchased additional office chairs for $4,600; received credit terms of 30 days. k. Purchased office equipment for $28,000 and paid half of this amount in cash immediately; the balance is due in 30 days. I. Issued a check for $8,200 to pay salaries. m. Performed services for $14,700 in cash. n. Performed services for $16,200 on credit. o. Collected $6,800 on accounts receivable from charge customers. p. Issued a check for $2,300 in partial payment of the amount owed for office chairs. q. Paid $580 to a duplicating company for photocopy work performed during the month. r. Paid $1,100 for the monthly electric bill. s. Guttery withdrew $7,800 in cash for personal expenses. Required: Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. Assume that the transactions took place during the month ended June 30, 2019. Determine the account balances before you start work on the financial statements. Analyze: What is the change in owner's equity for the month of June? Complete this question by entering your answers in the tabs below. Stmt of Owners Balance Trial Income Statem. Analyze Balance Sheet Determine the account balances and prepare a trial balance for the month ended June 30, 2019 RANDY GUTTERY, LANDSCAPE CONSULTANT Trial Balance June 30, 2019 Debit Account Name Credit Cash Randy Guttery, Capital Rent expense $125,470 148,000 $ 125,470 $ 148,000 Total

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Transactions: a. Guttery invested $148,000 in cash to start the business. b. Paid $4,800 for the cur...

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