1 Required 1. Prepare general journal entries to record these transactions. 2. Open the following ledger accounts their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Suuplies (107); Prepaid Insurance (108); Office Equipment (163); Accumulated Dpreciation Office Equipment (164); Drafting Equipment (165); Accumulated Dpreciation Drafting Equipment (166); Building (170); Accumulated Dpreciation Building (171); Land (172); Accounts Payable (201); Interest Payable (202); Notes Payable (250); Unearned Fees (260); Dan White, Capital (301); Dan White, Drawing (302); Engineering Fees Earned (402); Wages Expense (501); Rental Expense (502); Advertising Expense (503); Supplies Expense (504); Interest Expense (505); Depreciation Expense (506) and Repairs Expense (507). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a unadusted trial balance as of the end of June 30, 2019. PROBLEM 4-1C White Engineering completed the following transactions in the month of June 2019. June 1 Dan White, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800 with interest rate 12%. 2 Purchased $1,100 of supplies on credit from Harris Office Products. 5 Purchased a portable building with $35,000 cash and moved it onto the land acquired on June 1. 6 Paid $1,500 cash for the premium on a three-year insurance policy. 8 Completed and delivered a set of plans for a client and collected $8,100 cash. 9 Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. 10 Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. 11 Purchased $3,950 of additional office equipment on credit. 12 Paid $500 cash to Harris Office Products in partial payment. 13 Completed engineering services for $12,000 on credit. 15 Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. 17 Collected $24,000 cash in partial payment from the client described in the transaction on June 10. 18 Paid $2,400 cash wages to a drafting assistant. 19 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $6,000. 20 Paid $3,950 cash to settle the account payable created in the transaction on June 11. 24 Paid $125 cash for minor repairs to its drafting equipment. 28 Dan White withdrew $1,480 cash for personal use. 29 Paid $2,400 cash wages to a drafting assistant 30 Paid $3,300 cash for advertisements on the local television station during June. 4. At the end of June 2019, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Inventory count of supplies shows $580 still available. b. Insurance premiums expired during June are $40. c. Dan White has not been paid for four days of work at $125 per day. d. Depreciation of office equipment during June is $500. e. Depreciation of drafting equipment during June is $1,000 f. Depreciation of building during June is $500. g. Unearned fees on June 31 are $1,500, h. Unrecorded interest expense for June. 5. Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet 6. Journalize and post the adjusting entries. 7. Prepare an income statement, a statement of owner's equity, and a statement of financial position. 8. Journalize and post the closing entries. 9. Prepare a post-closing trial balance, 1 Required 1. Prepare general journal entries to record these transactions. 2. Open the following ledger accounts their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Suuplies (107); Prepaid Insurance (108); Office Equipment (163); Accumulated Dpreciation Office Equipment (164); Drafting Equipment (165); Accumulated Dpreciation Drafting Equipment (166); Building (170); Accumulated Dpreciation Building (171); Land (172); Accounts Payable (201); Interest Payable (202); Notes Payable (250); Unearned Fees (260); Dan White, Capital (301); Dan White, Drawing (302); Engineering Fees Earned (402); Wages Expense (501); Rental Expense (502); Advertising Expense (503); Supplies Expense (504); Interest Expense (505); Depreciation Expense (506) and Repairs Expense (507). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a unadusted trial balance as of the end of June 30, 2019. PROBLEM 4-1C White Engineering completed the following transactions in the month of June 2019. June 1 Dan White, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800 with interest rate 12%. 2 Purchased $1,100 of supplies on credit from Harris Office Products. 5 Purchased a portable building with $35,000 cash and moved it onto the land acquired on June 1. 6 Paid $1,500 cash for the premium on a three-year insurance policy. 8 Completed and delivered a set of plans for a client and collected $8,100 cash. 9 Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. 10 Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. 11 Purchased $3,950 of additional office equipment on credit. 12 Paid $500 cash to Harris Office Products in partial payment. 13 Completed engineering services for $12,000 on credit. 15 Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. 17 Collected $24,000 cash in partial payment from the client described in the transaction on June 10. 18 Paid $2,400 cash wages to a drafting assistant. 19 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $6,000. 20 Paid $3,950 cash to settle the account payable created in the transaction on June 11. 24 Paid $125 cash for minor repairs to its drafting equipment. 28 Dan White withdrew $1,480 cash for personal use. 29 Paid $2,400 cash wages to a drafting assistant 30 Paid $3,300 cash for advertisements on the local television station during June. 4. At the end of June 2019, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Inventory count of supplies shows $580 still available. b. Insurance premiums expired during June are $40. c. Dan White has not been paid for four days of work at $125 per day. d. Depreciation of office equipment during June is $500. e. Depreciation of drafting equipment during June is $1,000 f. Depreciation of building during June is $500. g. Unearned fees on June 31 are $1,500, h. Unrecorded interest expense for June. 5. Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet 6. Journalize and post the adjusting entries. 7. Prepare an income statement, a statement of owner's equity, and a statement of financial position. 8. Journalize and post the closing entries. 9. Prepare a post-closing trial balance, 1 Required 1. Prepare general journal entries to record these transactions. 2. Open the following ledger accounts their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Suuplies (107); Prepaid Insurance (108); Office Equipment (163); Accumulated Dpreciation Office Equipment (164); Drafting Equipment (165); Accumulated Dpreciation Drafting Equipment (166); Building (170); Accumulated Dpreciation Building (171); Land (172); Accounts Payable (201); Interest Payable (202); Notes Payable (250); Unearned Fees (260); Dan White, Capital (301); Dan White, Drawing (302); Engineering Fees Earned (402); Wages Expense (501); Rental Expense (502); Advertising Expense (503); Supplies Expense (504); Interest Expense (505); Depreciation Expense (506) and Repairs Expense (507). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a unadusted trial balance as of the end of June 30, 2019. PROBLEM 4-1C White Engineering completed the following transactions in the month of June 2019. June 1 Dan White, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800 with interest rate 12%. 2 Purchased $1,100 of supplies on credit from Harris Office Products. 5 Purchased a portable building with $35,000 cash and moved it onto the land acquired on June 1. 6 Paid $1,500 cash for the premium on a three-year insurance policy. 8 Completed and delivered a set of plans for a client and collected $8,100 cash. 9 Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. 10 Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. 11 Purchased $3,950 of additional office equipment on credit. 12 Paid $500 cash to Harris Office Products in partial payment. 13 Completed engineering services for $12,000 on credit. 15 Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. 17 Collected $24,000 cash in partial payment from the client described in the transaction on June 10. 18 Paid $2,400 cash wages to a drafting assistant. 19 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $6,000. 20 Paid $3,950 cash to settle the account payable created in the transaction on June 11. 24 Paid $125 cash for minor repairs to its drafting equipment. 28 Dan White withdrew $1,480 cash for personal use. 29 Paid $2,400 cash wages to a drafting assistant 30 Paid $3,300 cash for advertisements on the local television station during June. 4. At the end of June 2019, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Inventory count of supplies shows $580 still available. b. Insurance premiums expired during June are $40. c. Dan White has not been paid for four days of work at $125 per day. d. Depreciation of office equipment during June is $500. e. Depreciation of drafting equipment during June is $1,000 f. Depreciation of building during June is $500. g. Unearned fees on June 31 are $1,500, h. Unrecorded interest expense for June. 5. Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet 6. Journalize and post the adjusting entries. 7. Prepare an income statement, a statement of owner's equity, and a statement of financial position. 8. Journalize and post the closing entries. 9. Prepare a post-closing trial balance, 1 White Engineering completed the following transactions in the month of June 2019. June 1 Dan White, the owner, invested $80,000 cash, office equipment with a value of $6.500, and $60,000 of drafting equipment to launch the business Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800 with interest rate 12% 2 Purchased S1,100 of supplies on credit from Harris Office Products. 5 Purchased a portable building with $35,000 cash and moved it onto the land acquired on June 1 6 Paid $1,500 cash for the premium on a three-year insurance policy. 8 Completed and delivered a set of plans for a client and collected $8,100 cash. 9. Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10.500. 10 Completed $30,000 of engineering services for a client. This amount is to be received in 30 days 11 Purchased $3,950 of additional office equipment on credit. 12 Paid $500 cash to Harris Office Products in partial payment 13 Completed engineering services for $12,000 on credit. 15 Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. 17 Collected $24,000 cash in partial payment from the client described in the transaction 18 Paid $2,400 cash wages to a drafting assistant 19 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, S6,000. 20 Paid $3,950 cash to settle the account payable created in the transaction on June 11. 24 Paid $125 cash for minor repairs to its drafting equipment 28 Dan White withdrew $1,480 cash for personal use. 29 Paid $2,400 cash wages to a drafting assistant 30 Paid $3,300 cash for advertisements on the local television station during June. on June 10, Required 1. Prepare general journal entries to record these transactions 2. Open the following lodget accounts their counters in parentheses use the balance column format Cash (101) Accounts Receivable (IG Suplies (107). Prepaid Instance (108) Office Equipment (163. Accumulated Dpreciation Office Equipment (1641. Drafting Equipment (165): Accumulated prestatico-Drafting Equipment (166) Building (1706 Accumulated Dpreciation Building (171) Land (1721. Accounts Payable (201) Interest Payale (202) Noles Payable (250x Unned Foos (26 Dan White Capital (301% Dan White Drawing (No Engineering Fees Earned (402) Wapes Expense (S013 Rental Expeme (502 Advertising Expense (509); Supplies spes (504% Interest Expense (505). Depreciation Fixpenie (506) and Repairs Expense (507) Post the journal entries from part 1 to the accounts and enter the balance after each posting 3. Prepare a stated trial bulunce as of the end of June 30, 2018 4. At the end of 2019. the following adjustments were assembled Analyze and where data complete ports (5) and Inventory count of supplies 50 still wailable b. Imurance premium expired during June S t. Dan White has not been paid for four days of work 125 per day d Depreciation of office equipment during June i 5500 Depreciation of dating equipment duringue 1,000 Depreciation of building during lune is $500 Uncerned foes on June 31 are $1.500 Unrecorded intereste pe forume 5. Estar the unadjusted trial balance on an end-of-period product and complete the spreadsheet 6. Journalize and post the adjusting entries 7. Prepare an income statement. a statement of one's quity, and a stunement of financial position X. Journalize and post the closing entries 9. Prepare apo-cong trial balance 5 October 2019 (Revised)