Answer:
Step-by-step explanation:
Journal entries:
1-Sep
Dr Cash $90,000
Dr Office equipment $26,000
Cr HL Consulting $116,000
3-Sep
Dr Land $44,000
Dr Building $161,000
Cr Cash $31000
Cr Notes payable $174000
5-Sep
Dr Office Supplies $3,000
Cr Accounts Payable $3000
9-Sep
Dr Office equipment $6600
Cr Accounts Payable $6600
11-Sep
Dr Salary expenses $2100
Cr Cash $2100
13-Sep
Dr Cash $4,900
Cr Service Revenue $4,900
15-Sep
Dr Utilities expenses $1,000
Cr Cash $1,000
17-Sep
Dr Accounts Payable $3,000
Cr Cash $3,000
19-Sep
Dr Office equipment $20,500
Cr Cash $20,500
21-Sep
Dr Accounts receivable $6,600
Cr Service Revenue $6,600
23-Sep
Dr Salary expenses $2,100
Cr Cash $2,100
25-Sep
Dr Cash $5,000
Cr Accounts receivable $5,000
27-Sep
Dr HL Consulting $3,000
Cr Withdrawings $3,000
Income staement
Service revenue 11,500
Less:
Salaries expenses 4200
Utilities expenses 1000
Net income 6300
Statement of owner equity
Addition to capital $90,000
Add: net income 6300
Less: Withdrawings 3000
Ending balance $93,300
