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Accounting Cycle Problem Calculator The balances the ledger of Good Landscape Services as January 31 before adjustments are as follows: Dalton Good, Capital Cash 6,750
Accounting Cycle Problem Calculator The balances the ledger of Good Landscape Services as January 31 before adjustments are as follows: Dalton Good, Capital Cash 6,750 $29,775 Dalton Good, Drawing Supplies 3,900 3.425 Prepaid Insurance 8,400 Service Revenue 56,300 Salary Expense Equipment 41,750 24,300 Rent Expense Accumulated Depreciation 9,950 6,000 Miscellaneous Expense 1,500 Adjustment data are as follows: supplies on hand, January 31, $900; insurance expired for January, $1,100; depreciation on equipment for January, $1,600; salaries accrued, January 31, $1,650 a. Prepare a 10-column end-of-period spreadsheet for Good Landscape Services for January. If an amount box does not require an entry, leave it blank. Good Landscape Services End-of-Period Spreadsheet For the Month Ended January 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Cr. Cr. Account Title Dr. Dr. Cr. Dr. Dr. Cr. Dr. Cr Cash Supplies Prepaid Insurance Supplies Prepaid Insurance Equipment Accumulated Depreciation Dalton Good, Capital Dalton Good, Drawing Service Revenue Salary Expense Rent Expense Miscellaneous Expense Supplies Expense Insurance Expense Depreciation Expense Salaries Payable Net Income f the work sheet in (a), present the following b. On the basis good order: (1) income statement, (2) statement of owner's equity (assume no additional owner investments were made during the month), and (3) balance sheet. Good Landscape Services Income Statement For the Month Ended January 31 Expenses: Total expenses c. On the basis of the work sheet in (a) journalize the closing entries as of January 31. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31
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