1 - ACCT 110 Extra Credit (1) - Protected View - Saved Search Nave L sert Draw Design Layout References Mailings Review View Help Be careful-Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing ACCT 110 Extra Credit 1. Write general journal entries, make sure they display the correct format. Mind indentation, and order of debits and credits. 6/1/2018 Samuel Adams invested $125,000 and a $21,000 van to start McAdams Deliveries Inc. 6/3/2018 Purchased building for $85,000 on account Paid $3,600 for insurance policy, will cover 12 months 6/4/2018 Purchased equipment from Grainger Co. for $12,000 on account 6/12/2018 6/13/2018 Purchased office furniture for $3,000 on account 6/14/2018 Received $1,200 for delivery fees earned Received water utility bill for $125 6/15/2018 6/18/2018 Bought office supplies for $1,200 cash 6/21/2018 Received and paid gas utility bill for $75 6/24/2018 6/27/2018 Billed Flower Co. $2,700 deliveries Mr. Adams paid $1,500 for his mortgage payment using the company's checkbook Received $250 electricity bill Received $1,500 payment from Flower Co. 6/28/2018 6/28/2018 6/29/2018 6/30/2018 Received $750 for delivery fees earned Paid salaries expense of $2,500 210 word Focus Type here to search Fev F F F F F F F10 F1 F12 priser insert Delete 2. Submit T-Accounts records and prepare Trial Balance using ending balances. 3. Consider the following adjustments to be recorded for the accounting cycle ending at 12/31/2018, and prepare General Journal entries and update T-Accounts. Calculate depreciation expense for van, using the straight-line method and 7 years of useful life. Calculate depreciation expense for building, using straight line method and 15 years of useful life. Salvage Value of $30,000. Calculate insurance expense. Calculate depreciation expense for equipment, using the straight-line method and 5 years of useful life. Paid $4,000 to Grainger for equipment purchased. Office Supplies on hand are $500. *Remember each depreciable asset has its own account for Accumulated Depreciation. 5. Prepare Income Statement, Statement of Owners Equity, and Balance Sheet at 12/31/2018 Focus 365 to search DLL DELLO Prisci Insert Delete Backsi I F G H J K L & ACCT 110 Extra Credit (1) - Protected View - Saved Search Draw Design Layout References Mailings Review View Help careful-Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing Office supplies on hand are $500. "Remember each depreciable asset has its own account for Accumulated Depreciation. 5. Prepare Income Statement, Statement of Owners Equity, and Balance Sheet at 12/31/2018 words 10. Focus ype here to search E | P