Reference no: EM132967920

Question - Martin Berk began an accounting firm called Berk's Accounting on May 1 of the current year. Record the following May transactions by making the appropriate entries in the general journal. Next, prepare a trial balance as of May 31.

Part A Martin invested $20,000 cash and a computer valued at $2,000.

Part B Purchased $6,000 of office furniture from a supplier on credit.

Part C Completed accounting work for a client and received $2,000 cash in full payment.

Part D Paid the supplier of the office furniture 50% of the balance owing.

Part E Completed $3,000 of accounting work for a client on credit.

Part F Martin withdrew $3,500 cash from the business for personal use.

Part G Received $2,000 cash as partial payment for the accounting work completed for the client in E.

Part H Paid $1,200 cash for the secretary's salary.