15 a) Purchased $14,800 of equipment for use in the business, paid $1,480 in cash and the rest was on account. 16 b) Purchased $1,200 supplies on account for future use. 17 c) Customers paid $7,500 in advance for future services. 18 d) Earned $127,500 in service revenues for 2021, including $93,800 on credit and $33,700 collected in cash. 19 ) Collected accounts receivable, st.,900. 20 f) Sold an old vehicle (that was fully depreciated) for $2,500 cash. 21 g) On Oct. 31, paid $9,600 to rent a building for 12 months, starting on Nov. 1. 22 h) Paid accounts payable, $12,400. 23 1) Declared and paid a $24,000 cash dividend. 24 Information for Adjustments: 25 1) Koala recorded $3,500 in service provided that had been collected in event (c), but had not yet been recorded. 26 k) During December, Koala accrued $4,740 in service that had been provided to customers on account. 7 0) Wages of $10,600 earned by employees since the December 24 payroll were not yet paid. m) Determined after a year-end count that $3,200 of supplies remained on hand at the year. -9 n) Accrued annual interest at 9.0% on the outstanding balance of the loan (promissory note). 0 0) Building rental expenses for the year, paid in transaction (e)had not yet been recorded. p) Depreciation for the year on the equipment was 10% of the year-end Equipment account balance, 2 q) Income tax for the year was $23,800. It will be paid in 2022, 3 08 1 4 in Home Insert Draw Page Layout Formulas Data Review View Tell me E41 4* fx A 1 M o . Equity tve CON How Categ D Assets Account Supplifon Prep Receivable hond! Services Una No ca faviment Acum De Account Payable Com Stock 0 40,300 18,200 Beginning 0 4,300 48,100 800 15.900 15,600 103 10 20,000 47,000 21.600 + > . - 10 d 11 e + - 5 14 15 0 21,600 100 800 20,000 47.000 15,9001 Subtotals 48,100 18,200 15,600 40,300 4,300 16 17 - 13 K 19 1 70 m 21 . 0 0 BOO 47,000 20.000 15,600 15,9001 48,100 4,300 33P 24 9 26 Subtotals 22 Closing 20 Parod End 18.200 40,300 21.600 0 21,600 0 0 0 800 47,000 20,000 15,600 0 4,300 48,100 15,9001 18,200 40,300 ? 105,000 105,000 Check 30 31 13 39 10 - 31 42 43 45 om the list in cells k2 thru k7. For all payables except Notes Payable, use the Accounts Payable account. a) Purchased $14,800 of equipment for use in the business, paid $1,480 in cash and the rest was on account. Basic Acct Account Names Debits Eg Impacts Credits A+ Equipment 14,800 A- Cash Completed 1,480 L+ Accounts Payable as an example 13,320 b) Purchased $1,200 supplies on account for future use. Basic Acct Account Names E Impacts Debits Credits c) Customers paid $7,500 in advance for future services Basic Acct Account Names Eg Impacts Debits Credits d) Earned $127,500 in service revenues for 2021, including $93,800 on credit and $33,700 collected in cash. Basic Acct Account Names Debits Credits Eg Impacts 6 6 6 66 e) Collected accounts receivable, $17,900. Basic Acct Account Names Eg Impacts Debits Credits 1) Sold an old vehicle that was fully depreciated) for $2.500 cash. Basic Acct Account Names Debits E Impacts Credits On Oct. 31. paid $9.600 to rent a building for 12 months, starting on Nov. 1. Instructions Grid JE UnAdj TB Ready Adjusted TB Fin Stmts + For all journal entries, you must only use Account Names from the Chart of Accountsin cells 12 thru 120, and you must Basic Accounting Equation Impact codes from the list in cells K2 thru K7. For all payables except Notes Payable, use the Accounts Payable account. e) Collected accounts receivable, $17,900. Basic Acct Account Names Debits Credits Eg Impacts 1 Sold an old vehicle (that was fully depreciated) for $2,500 cash. Basic Acct Account Names Debits Eg Impacts Credits D) On Oct. 31. paid $9,600 to rent a building for 12 months, starting on Nov. 1. Basic Acct Account Names Debits Credits Eg Impacts h) Pald accounts payable, $12,400. Basic Acct Account Names Eq impacts Debits Credits Credits 1) Declared and paid a $24,000 cash dividend. Basic Acct Account Names Eg Impacts Debits Credits Credits Before continuine complete the Unadjusted Trial Balance 1) Koala recorded $3,500 in service provided that had been collected in event (cl, but had not yet been recorded. Basic Acct Account Nomes Debits Credits Eq impacts 3 During December, Koala accrued 54.740 in service that had been provided to customers on account. Instructions Grid JEES UnAdj TB Adjusted TB Fin Stmts Ready c D E F For all journal entries, you must only use Account Names from the Chart of Accounts in cells 12 thru 120, and you must only use Basic Accounting Equation Impact codes from the list in cells K2 thru k7. For all payables except Notes Payable, use the Accounts Payable account. Before continuing complete the unadjusted Trial Balance 1) Koala recorded $3,500 in service provided that had been collected in event (c), but had not yet been recorded. Basic Acct Account Names Eg Impacts Debits Credits k) During December, Koala accrued $4,740 in service that had been provided to customers on account. Basic Acct Account Names Eg Impacts Debits Credits + 3 5 3 0) Wages of $10.600 earned by employees since the December 24 payroll were not yet paid. Basic Acct Eg Impacts Account Names Debits Credits . 3 m) Determined after a year-end count that $3,200 of supplies remained on hand at the year. Basic Acct Account Names Debits Credits Eg Impacts 5 n) Accrued annual interest at 9.0% on the outstanding balance of the loan (promissory note), Basic Acct Account Names Debits Eg Impacts Credits 1 2 3 o) Building rental expenses for the year, paid in transaction had not yet been recorded. Basic Acct Account Names Debits Eg Impacts Credits 5 Instructions Grid JES UnAdj TB Adjusted TB Fin Stmts Ready n) Accrued annual interest at 9.0% on the outstanding balance of the loan (promissory note). Basic Acct Account Names Debits Eq Impacts Credits o) Building rental expenses for the year, paid in transaction (g), had not yet been recorded. Basic Acct Account Names Debits Credits Eq Impacts p) Depreciation for the year on the equipment was 10% of the year-end Equipment account balance. Basic Acct Account Names Debits Credits Eq Impacts a) Income tax for the year was $23,800. It will be paid in 2022. Basic Acct Eq Impacts Account Names Debits Credits