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1 Assets 2 Liabilities 2 1 Accounts Payable 2 3 Unearred Revenue 3 Stackhalders' Equity 3 1 Comman Stack 3 2 Retained Earnings 3 3
Assets
Liabilities
Accounts Payable
Unearred Revenue
Stackhalders' Equity
Comman Stack
Retained Earnings
Dividends
Revenue
Normal
Revenue
Credit
Expenses.
Insurance Expense Debit
Supglits Expenst
Deprtiation Expenst Debit
Credit
Credit
Credit
Credit
Detit
Annabug Designs, Inc designs personalized Ladybug motif bumperstickers. Baseed upon the following fact pattern complete the entire accounting cycle for the month of
December,
Record the following entries for the month of December in the General Journal GI pages and
Dec Invested $ cash in exharge for Cammon Stock
Paid cash $ for manth insurance policy that maney could buy
Purchased office equipment for $ on account
Billed elient $ for design wark
Purchased supplies worth $ on account
Received $ cash from custamer for future wark.
Paid cash to creditors $
Received $ cash from custamer paying down account.
Board of Directars declared and paid cash Dividend $
EXCLUDE THE DESCR:PTION
ALWAYS LEAVE A SPACE BETWEEN SEPARATE TRANSACTONS
Post to General Ledger GL
Produce the Unacjusted Trial Balance
Record Adjusting Entries on Journal Page
Des
Supplies an hand at manth end
Offise Equipment Depresiates starighe line over years
Record insurarse expense for manth end
Earned $ of Unearned Revenue
Billed dient for hours design wark at per hour
Post Acjusting Entries to the General Lestger GL
Produce the Adjusted Trial Balance
Produce an Income Statement, Retained Earnings Statement and lalance Shet.
Record on Journal Page the closing of all temporary accounts directly into Retained Earnings
Post to General Ledger GL
Produce the Post Cosing Trial Balance
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