End of Week 2 Mid Week Assessment: You will be getting the majority of this task on…

End of Week 2 Mid Week Assessment: You will be getting the majority of this task on Thursday with a small addition on Friday. It is due Sunday December 13th at 11:59pm Explanantion N.A. James, a public accountant decided to begin a business of his own on October 1, 20-. At that time he invested in the business a bank balance of $5000 and a automobile worth $18000 and therefore an equity of $23,000 All accounts he uses are listed in the Charter of Accounts below A) Your task is to record all the transaction found in the transaction tab, into the correct corresponding T – Account(Chart is optional). Be sure to include the transaction number beside each transaction B) Taking the new updated balances in each of your T Accounts you will then create a Trial Balance for October 31, 20 C) Once you have checked your balances are balanced, Prepare an Income Statement for the month Ending October 31, 20- D) Will be given to you tomorrow Charter of Accounts Bank N.A. James, Capital Miscellaneous Expense A/R – Jenkins and Co N.A. James, Drawings Rent Expense Office Supplies Fees Earned Office Equipment Advertising Expense Automobile Car Expense A/P – Office Supply Company Donations Expense

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