The Following Transactions Have Been Journalized and Posted to the Proper

question 161

Essay

The following transactions have been journalized and posted to the proper accounts.Prepare a trial balance at the end of the first month using the following details:
a)Received a $15,000 cash contribution from the owner.
b)Paid the first month's rent with $800 cash.
c)Purchased equipment by paying $4,000 cash and executing a note payable for $4,000.
d)Purchased office supplies for $200 cash.The supplies remain at the end of the month.
e)Billed clients for a total of $7,000 for design services rendered.
f)Received $1,000 cash from clients for services rendered above.

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Definitions:

Specific And Challenging Performance Goal

A detailed and ambitious target set to improve performance by clearly defining the expected outcomes.

Specific High Performance Goal

A clearly defined target aimed at achieving superior outcomes through high levels of effort and excellence.

Specific Challenging Performance

Goals or tasks that are clearly defined, difficult yet achievable, and aimed at pushing an individual or group to higher levels of performance.

Specific High Learning Goal

A detailed and ambitious objective centered on acquiring new skills or knowledge to a substantial depth.