please slove it Question Completion Status: Transactions for Pearl Co....
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Question Completion Status: Transactions for Pearl Co. for the month of December are presented below. 1. Peart, the owner, Invested BHD40,000 cash to establish Pearl Co. 2. Purchased land costing BHD28,000 by signing a note. 3. Purchased supplies for BHD800 cash. 4. Paid BHD1,000 for a one-year rent in advance. 5. Received BHD3,000 cash in advance for service to be performed next month. Requirements: (A) Journalize each transaction and identify each transaction by number. You may omit journal explanations. Example: 1. Paid BD 500 for office maintenance. Answer: 1. Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 (B) After recording all the transactions in PART A, what is the cash balance? [you MUST show your calculation]
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