Assignment 1 Audrey Hembruff opened her own law office on May 1,2023. During the first...
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Accounting
Assignment Audrey Hembruff opened her own law office on May During the first month of operations, the following transactions occurred: May Invested $ in cash in law practice May hired a legal assistant to work parttime for $ per month May Paid $ for July rent on office space May Purchased equipment on account, $ May Provided legal services to clients for cash, $ May Borrowed $ cash from a bank on a note payable May Provided legal services to a client on account, $ May collected $ of the amount owed by a client on account see transaction May Withdrew $ cash for personal use May Paid monthly salary expenses: $ May Paid telephone Expense $ May paid monthly utilities, $Instructions: a Prepare a General Journalb Prepare Ledge account and post to the appropriate account.c Prepare Trial balance.d Prepare the income statement,e Prepare statement of owners equity, andf Prepare balance sheet for Audrey Hembruff, Barrister & Solicitor.
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