Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7:45 1 Search ASSIGNMENT 2 Do P2-30A Due Date: July 6 Bonus Points: Up to 10 points You are required to use Assignment 2

image text in transcribedimage text in transcribedimage text in transcribed

7:45 1 Search ASSIGNMENT 2 Do P2-30A Due Date: July 6 Bonus Points: Up to 10 points You are required to use Assignment 2 Spreadsheet to do the assignment, save it as A2YourName, and submit it by the due date. Handwritten assignment will not be accepted. Late assignment will not be accepted either. Assignment solutions will be provided right after the due date. Turn in assignment on time to earn bonus points. P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: ved $48,000 cat and dock Sp 14 15 " pe De De Roceived a bill forties, 5350. The bill will be paid next th Requirements 1. 2. 3. 4. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock: Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. Open a T-account for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. Prepare the trial balance of Ann Simpson, Designer, as of September 30, 2018. st-1-prod-fleet02-xythos.content.blackboardcdn.com

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Water Systems Analysis Design, And Planning Urban Infrastructure

Authors: Mohammad Karamouz

1st Edition

9780367528454

Students also viewed these Accounting questions