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39% D THU 2U | Window Help Bookmarks People Tab My Drive - GoogX ACCY111 Spring Cet Homework S Account ACCY 111 SPRINOX S/Desktop/ACCYX20111%20SPRING%202020%20FINAL.pdf Diana - Takata Airbag Rec. Death from the in Kant & Categoria. VitalSource Books... UNIVERSITY OF WOLLONGONG AUSTRALIA Question 1 (20 marks) Kevin opened Webdesign Service on 1 April 2020. The following transactions occurred during the first month of operations: 1 April 2020 Kevin, the owner, invested $50 000 cash into the business. 2 April 2020 Purchased a 1-year insurance policy for $8 000. The business received an Invoice and paid in cash. 3 April 2020 Acquired office equipment for $30 000, paid $5 000 in cash and signed a 1-year short term loan for 25 000 10 April 2020 Purchased office supplies on credit for $2.000. 16 April 2020 Revenue eamed for the first part of the month included $6 000 in cash and $7000 was earned through credit customers. 22 April 2020 Kevin withdrew $500 from the business bank account for own use. 26 April 2020 Wages accrued for the month, $3 000, 30 April 2020 Paid balance owing for office supplies purchased on 10 Apri. Required: 1) Prepare the general Journal entries to record the above transactions. Narrations are required (18 marks) b) Calculate the cash balance at the end of the month. (2 marks) 26 MacBook Air

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