Date Description Account Debit Credit

March 1 Cash Cash $ 15,000

Bperson Capital Owner's Equity $ 15,000
(Owner's investment)

March 3 Office supplies purchase Office Supplies $ 300

Cash Cash $ 300

March 5 Service rendered Invoice 001 Account rec. $ 2,200

Service rev $ 2,200

March 8 Rent Expense Rent $ 1,200

Cash $ 1,200
(March rent paid)

March 10 Utilities paid Utilities exp $ 150

Cash $ 150

March 12 Payment Received Invoice 001 Cash $ 2,200

Account rec. $ 2,200

March 15 Computer Equipment purch Comp equipment $ 1,000

Cash $ 1,000

March 18 Insurance purchase for 12 months Prepaid insurance $ 1,200

Cash $ 1,200

March 20 Service rendered Invoice 002 Account rec. $ 3,000

Service rev $ 3,000

March 22 Payment Received Invoice 002 Cash $ 3,000

Account rec. $ 3,000

March 25 Salaries paid Salaries expenses $ 2,500

Cash $ 2,500

March 28 Dividens declared and paid Dividends $ 500

Cash $ 500

March 30 Insurance expenses Insurance expense $ 39

Adjustment for prepaid insurance Prepaid insurance $ 39

March 30 Office supplies expenses Office Supplies Exp $ 300

Adjustment for office supplies Office Supplies $ 300
March 30 Salaries Expense Salaries expense 417
Adjustment for salaries Salaries payable 417

March 30 Depreciation Expense-Computer Depreciation exp 100

Adjustment for depreciation Accumulated dep 100
 Date Description Account Debit Credit
March 1 Cash Cash $ 15,000
Bperson Capital Owner's Equity $ 15,000
(Owner's investment)
March 3 Office supplies purchase Office Supplies $ 300
Cash Cash $ 300
March 5 Service rendered Invoice 001 Account rec. $ 2,200
Service rev $ 2,200
March 8 Rent Expense Rent $ 1,200
(March rent paid) Cash $ 1,200
March 10 Utilities paid Utilities exp $ 150
Cash $ 150
March 12 Payment Received Invoice 001 Cash $ 2,200
Account rec. $ 2,200
March 15 Computer Equipment purch Comp equipment $ 1,000
Cash $ 1,000
March 18 Insurance purchase for 12 months Prepaid insurance $ 1,200
Cash $ 1,200
March 20 Service rendered Invoice 002 Account rec. $ 3,000
Service rev $ 3,000
March 22 Payment Received Invoice 002 Cash $ 3,000
Account rec. $ 3,000
March 25 Salaries paid Salaries expenses $ 2,500
Cash $ 2,500
March 28 Dividens declared and paid Dividends $ 500
Cash $ 500
March 30 Insurance expenses Insurance expense $ 39
Adjustment for prepaid insurance Prepaid insurance $ 39
March 30 Office supplies expenses Office Supplies Exp $ 300
Adjustment for office supplies Office Supplies $ 300
March 30 Salaries Expense Salaries expense $ 417
Adjustment for salaries Salaries payable $ 417
March 30 Depreciation Expense-Computer Depreciation exp $ 100
Adjustment for depreciation Accumulated dep $ 100
 Bperson Accounting Agency

Income Statement

Period March 1-March 30 2023

Revenues

Service Revenue $ 5,200

Expenses

Office Supplies Purchase

$ 300

March Rent Payment

$ 1,200

Utilities
$ 150

Computer equipment purchase

$ 1,000

Insurance Purchase
$ 39

Salaries Expense
$ 1,200

Deprecitiation expenses computer

$ 100

Total Expenses
$ 3,989

NET INCOME/LOSS
$ 1,211
 Bperson Accounting Agency

Statement of Owner's Equity

For period ending March 30 2023

Bperson Capital, March 1, 2024 0

Add

Owner's Investment $ 15,000

Net Income/Loss
$ 1,211

Bperson Capital March 30, 2023

$ 16,211
 Bperson Accounting Agency

Balance Sheet

March 30, 2023

Assets Liabilities

Cash Salaries Payable (25th to 30th)

$ 20,200 $ 417

Prepaid Insurance (11 Month Left)

$ 2,017

Computer Equipment Purchased

$ 1,000

Accumulated Dep-Computer
$ 100

Total Assets Bperson, Capital

$ 23,317 $ 22,900

0
 Bperson Accounting Agency

Cash Flow Statement

March 1-March 30, 2023

Operating Activities

Net Income
1,211

Investing Activities
-

Financing Activities

Dividends payment
(500.00)

Net change in cash $ 711

Beginning cash balance $ 15,000

Ending cash balance $ 15,711

1.Transaction

Transaction are written seperately according to given information

2.Ledger Accounts

Ledger accounts are prepaired according to the listed transactions.

3. Income statement

During preperation of income statement, general methodly is used to define which account will be debitted and wh

4. Statement of Owner's Equity,

Principles are done according the the GAAP,

5. Statement of cash flow

Indirect methodly is used as required for cash flow statement preperations

ccount will be debitted and which one will be credited.