please prepare t account and balance sheet The following transactions were completed during April....

70.2K

Verified Solution

Question

Accounting

imageplease prepare t account and balance sheet

The following transactions were completed during April. Ap ril 2 3 6 8 13 15 17 20 23 25 29 30 Paid the rent for April of $555. Received $1056 from clients as payment on account. Purchased office supplies on credit for $172. Billed clients for fees, $2526. Withdrew from the business for personal use, $590 cash. Paid wages of $735. Received $1545 from clients as payment on account. Paid $96 in cash for cleaning the office. Paid accounts payable $155. Paid $375 on the loan payable plus interest of $32. Purchased office equipment for $360 on credit. Paid $70 for a 3-month insurance policy with cover commencing 1 May 2021 The following transactions were completed during April. Ap ril 2 3 6 8 13 15 17 20 23 25 29 30 Paid the rent for April of $555. Received $1056 from clients as payment on account. Purchased office supplies on credit for $172. Billed clients for fees, $2526. Withdrew from the business for personal use, $590 cash. Paid wages of $735. Received $1545 from clients as payment on account. Paid $96 in cash for cleaning the office. Paid accounts payable $155. Paid $375 on the loan payable plus interest of $32. Purchased office equipment for $360 on credit. Paid $70 for a 3-month insurance policy with cover commencing 1 May 2021

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students