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Set the journal of all the transactions

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Reference no: EM131698838

Question - The Company Perinity is preparing to disclose its financial statement for year 2015

1- The company received cash 100,000 MAD from Ali Ben for its capital stock

2- Purchased an office space for 200000 MAD with 50000 MAD cash and remaining as a bank credit

3- The company purchased equipment on account for 1000 MAD

4- A client paid 5000 MAD cash in advance for future services

5- The company received 150000 MAD for consulting services

6- The company sold 75000 MAD on account

7- The company paid 100000 annual rent in advance

8- The company paid for the salary expenses of 50000 MAD

9- The company delivered the services relative to 5000 MAD received in advance

10- The company paid 2000 MAD dividends

Questions:

1- Set the journal of all the transactions

2- Set the T accounts

3- Set the trial balance

4- Set the financial statements as of December 2015. The financial statements as of December 2015.

Reference no: EM131698838

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