Davis repair had the following transactions during July of the current year : On July...
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Accounting
Davis repair had the following transactions during July of the current year : On July 1 Davis deposited $15,000 in a bank account. July 2, Paid the rent for current month $630 July 4,Bought office desk $930 . July 6 Bought office equipment $4300, paying $2500 in cash and placing the balance on account. July 10, Bought an electric sign on account $1200. July12, Davis invested her personal computer software worth $900 in the business. July 15, Received a bill for news paper advertising $126 July 18, Sold services for cash $755 July 21,Received and paid electric bill $158 . July 24, Paid on account to business news, a creditor $126 , July 26,Sold services for cash $1035 . July 27, Paid wages for an employee $742 . July 28, Received and paid the bill for the city business licence, $35 . July 28, Davis withdrew cash for personal use $550 , July 31, Bought printer paper and stationery on account $86 Requirements : your tasks are to do the following; Journalize business transactions in general journal for the month ended July 31,. . Post the transactions to the general ledger. Prepare a trial balance, Prepare an income statement . Prepare a statement of owner's equity , Prepare a balance sheet.
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