Amal opened Real estate company on April 1, 2020.

During April, the company

completed the following transactions

April, 1 Shareholders Invested £30,000 cash In the business in exchange for ordinary shares.

Purchased a bus for £20,000, paying £6,000 cash and the balance on account.

3 Purchased office supplies for £3,400 on account.

4 Signs a one-year lease agreement, paid the annual amount (£3,600) upfront at the
beginning of the year.

7 Provides £8,400 in services to a customer who asks to be billed for the services .

15 Paid £2,000 of amount owed on the Bus, and £800 of amount owed on office
Supplies.

18 Pays a £3,800 utility bill with cash

20 Collected £4,800 from customers billed on April 7.

25 Real estate commissions billed to clients amount to £ 4,200.

28 The owner withdrew £8,00 cash for personal use

30 Paid £1000 cash dividends.

Instructions

1) Enter the transactions of the period in appropriate journals.

2) Post from the journals to the ledger.

3) Prepare a trial balance.

4) Prepare an income statement.

5) Prepare owner’s equity statement (Retained earnings).

6) Prepare the balance sheet at April 30.