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Generate financial report or make entries Assignment#3-Handwritten Group Assignment 1 7 1-Apr-20 Business...

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Accounting

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Generate financial report or make entries

Assignment#3-Handwritten Group Assignment 1 7 1-Apr-20 Business owner Frank invested $50,000 in cash and office equipment that had a fair value of $12,000 2 1-Apr-20 Prepaid $3,600 cash for three months' rent for an office 3 3-Apr-20 Made credit purchase of office equipment for $6,000 and office supplies for $1,200 4 5-Apr-20 Completed work for a client and immediately received $1,000 cash 5 9-Apr-20 completed a $4000 project for a client who will pay within 30 days 6 11-Apr-20 Paid the accounts payable created on Apr3 15-Apr-20 Paid $3,000 cash for the annual premium on an insurance policy 20-Apr-20 Received $3,200 as partial payment for the work completed on Apr9 22-Apr-20 Placed an order with a supplier for $4,800 of supplies to be delivered May7, 2020. They must be paid for within 15days of being received 10 23-Apr-20 Completed work for another client for $1,320 on credit 11 27-Apr-20 Frank withdrew $3,600 cash from the business to pay some personal expenses 12 30-Apr-20 Purchased $400 of additional office supplies on credit 13 30-Apr-20 Paid $350 for the month's utility bill Please complete the four step process to generate financial report. 8 9

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