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Elite Consulting Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Elite Consulting Inc. showed the following alphabetized post-closing trial balance at January 31, 2023.

Accounts payable - 75500

Account receivable-123000

Accumulated depreciation, building 4500

Building-34000

Cash - 88000

Retained earnings -112500

Share capital-52500

Note:

There were 3,000 shares issued and outstanding on January 31, 2023.

Depreciation on the building is $1,900 per month.

Elite Consulting Inc.'s salaries expense is a total of $600 per day for each work day

(Monday-Friday) in the month (for simplicity, please ignore all statutory holidays).

The following source documents are from February

a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).

in the month ly. Note that ransactions i - There were 3,000 shares issued and outstanding on January 31, 2023. - Depreciation on the building is $1,900 per month. - Elite Consulting Inc.'s salaries expense is a total of $600 per day for each work day (Monday-Friday) in the monti) a) Analyze each of the preceding source documents and prepare joumal entries using this information only Note that s recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions January 15 would be 15/ Jan). Elite Consulting Inc 2661 Falton Road Victoria, British Columbia L4A 5C4 e month Customer: Willaby Co 1045544 Avenue Victoria, British Columbia F1B 9L8 \begin{tabular}{|c|l|r|r|} \hline Qty & \multicolumn{1}{|c|}{ Description } & Unit Price & Total \\ \hline 4 & \begin{tabular}{l} Ongoing consulting regarding \\ security, per month. To begin \\ immediately and end May 31, \\ 2023. \end{tabular} & $2,400 & $9,600 \\ \hline & Balance Due: & $0 \\ \hline \end{tabular} Date: February 2, 2023 Receipt No.: 6288 Rep: Hector Mendez CCo ote that s actions ir Pag Debit 4 the montl . Note that ansactions

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