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1.Prepare general journal entries for the transactions stated above.

2.Post the transactions to the ledger accounts:Cash, Accounts Receivable, Prepaid Rent, Prepaid Insurance, Office Supplies, Office

Equipment, Computer Repair Equipment, Computers,

Accounts Payable, R.McBride Capital, R.McBride Withdrawals,

Service Revenue, Salaries Expense, Utilities Expense.

3.Prepare a trial balance.

4.Prepare an Income Statement,a Statement of Owner's Equity and a Balance

Sheet.

Feb. 2 Feb. 2 Feb. 3 Feb. 3 Feb. 4 Feb. 5 Feb. 6 Feb. 9 RaShawn McBride invested $75,000 in the business. Paid 3 months rent at the rate of $1,500/month. Purchased office equipment on account, $1,500. Purchased insurance for the year, $2,000. Purchased 2 computers for his business use, $5,000 cash. Established an account with a computer equipment supplier. Purchased computer repair equipment, $2,500 on account. Hired a computer technician and promised a biweekly salary of $2,000. Provided services to a large company, on account $10,000. Provided services and collected $2,500. Purchased office supplies, $150 cash. Feb. 10 Feb. 12 Feb. 13 Feb. 20 Feb. 23 Feb. 25 Feb. 26 Paid the technician, $2,000. Collected $10,000 from the previously billed customer. Withdrew $100 for personal use. Received utility bill, $50, due next month

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