1. Prepare closing entries and post to the general ledger.
January 410,000 86,100 12,300 10,250 328,000 17,958 Common stock is issued in exchange for cash in the amount of .......... The company borrows money from the bank by signing a promissory note in the amount of.................. The company pays cash for a one-year insurance policy in the amount of..... Rent on a storage facility for the month is paid in the amount of...... Landscaping equipment is purchased for cash in the amount of........ Supplies are purchased on account in the amount of...... ................ The company pays for advertisements to be run during the current month in the amount of... Services are performed for cash in the amount of....... Services are performed on account in the amount of.... A customer pays cash in advance for future services in the amount of Gasoline for the lawn mowers for the current month is paid in cash in the amount of... 10 1,538 34,030 17,220 6,150 20 25 30 2,306 February 10,250 1 20,500 15,264 Rent on the storage facility for the month is paid in the amount of ............. Salaries for the previous month are paid in the amount of.. A partial payment is made on account for supplies purchased earlier. The company pays for advertisements to be run during the current month in the amount of.. Services are performed for cash in the amount of................. Services are performed on account in the amount of... Cash is received from credit customers for services performed in the previous month in the amount of.... Services performed for the customer who paid in advance totaled. Gasoline for the lawn mowers for the current month is paid in cash in the amount of..... 1,614 35,732 18,081 15,498 2,460 27 2,422 March 10,250 21,525 19,754 ................... 16 1,808 40,020 20,251 Rent on the storage facility for the month is paid in the amount of..... Salaries for the previous month are paid in the amount of... Supplies are purchased on account in the amount of....... The company pays for advertisements to be run during the current month in the amount of...... Services are performed for cash in the amount of... Services are performed on account in the amount of... Cash is received from credit customers for services performed in the previous month in the amount of.. A partial payment is made on account for supplies purchased earlier......... Services performed for the customer who paid in advance totaled.... Gasoline for the lawn mowers for the current month is paid in cash in the amount of... Dividends are paid in cash to stockholders' in the amount of..... 26 17,177 14,816 1,845 31 2,712 4,100 a. 10,775 3,053 14,223 5,467 Information for Monthly Adjusting Entries Supplies on hand at the end of each month are as follows: January...... February..................................................... March............................ Depreciation for each month totals:.... Employees are paid on the first of the month for salaries earned in the previous month. Accrued salaries at the end of each month are as follows: At January 31............. At February 28.... At March 31................. The principal on the loan is due in 2 years. Interest (at a rate of 10%) is accrued at the end of each month and is payable at the end of each year, beginning December 31, 2020. (ROUND TO THE NEAREST DOLLAR.) Adjustments are made at the end of each month for prepaid insurance. (ROUND TO THE NEAREST DOLLAR.) 20,500 21,525 24,108 d. e
