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Journalize  the following transactions. Prepare the Income Statement .Statement of Retained Earnings  ,Balance Sheet and Statement of Cash  Flows using direct method.

 

     Hamilton Company

     January 2010

1.cash invested in company                                                                 116,000.00

1. cash paid for month's rent                                                                 4,000.00

3.office equipment  purchased on credit                                             1,680.00

3. total paid for electrical equipment                                                    14,000.00

3. cash paid at time of purchase of electrical equipment                  3,200.00

5.cash paid at time of purchase of electrical equipment                   800.00

5.cash paid for office supplies                                                                900.00

6. amount collected for work completed                                             1,000.00

8.cash collected  for services provided                                                4,600.00

8.office equipment purchased on credit                                               3,800.00 

12.  provided services on credit                                                              3,000.00

15.completed work on credit                                                                    4,000.00

18. office supplied purchased on credit                                                 500.00

20. cash received for services provided on January 12                      3,000.00

20.cash paid for office equipment purchased on January 8           3,800.00

22.provided services on credit                                                            2,800.00

24.billed client for work completed                                                    600.00

25. cash received for services provided on January 22                    2,800.00

26.cash paid for office equipment purchased January 3                1,680.00

27. purchased January advertising , payment due February 1        60.00

28. received cash for January 15th work                                         4,000.00

30.cash paid for January telephone bill                                              200.00

30. cash paid for January utilities                                                       920.00

31.cash paid for dividends                                                                      1,900.00

31. cash paid for assistant's salary                                                     1,700.00

31. cash paid for receptionist salary                                                   1,200.00

 

 

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