Question - The following business transactions and business events relate to Violet Chan's Business Consultancy Pty Ltd.
June 2016
1 Violet commences business with $15 000 given to her by her Aunt Kate
4 Purchased new computer for her business $1200 on credit
5 Received $500 for services rendered
6 Paid rent on office $400
7 Negotiated with Ingrid and Olivia possible casual employment contracts totalling $1500
8 Aunt Kate injected a further $2000 gift into Violet's business
9 Billed a client $500 for services rendered
10 Received an invoice for new reception desk $3400
15 Paid for telephone connection fee $65
16 Sent a quote for a large prospective job $4800
16 Paid gas charges $231
23 Received $250 for consultation work completed
28 Paid in full for the reception desk bought on 10 June 2013
30 Paid advertising $200
a) Prepare a worksheet for the business transactions for June.
b) Enter these transactions into ledger accounts for the business.
c) Complete an income statement and Balance Sheet for Violet Chan's Business Consultancy Pty Ltd for the period ending 30 June 2016?