ACCOUNTING
PLEASE I AM CONFUSED
HELP
Image Description: Groph with Quantity on x-axis and Price on y-axis. From the bottom, the y-axis has intervals 2 , 3.65,5,8.15 marked. From the left, the x-axis has intervals 220 and 400 marked. Dotted lines create rectangles connecting the y-axis and x-axis labels, moving right from y-axis and straight down to the x-axis. A line labeled Demand moves from (0,$12) ot the top left, down to (0,600), touching the top-right corner of each outer dottedline rectangle. A line labeled Supply starts ot (0,$2) and intersects the corners of the rectangles between (220,$3.65) and (400,$5). Calculate consumer surplus for the market in equilibrium above. (Note: to calculate the area of a right triangle, multiply the base times the height, then divide the product by 2 . Give your answer as a whole number.) the following information to joumalize and post adjusting entries for the month: ne month's insurance coverage has expired for $190 the end of the month. $600 of office supplies are still avallable. is month's depreciation on the office equipment is $500. nployees earned $1,670 of unpaid and unrecorded salaries as of month-end. ee month's rent has expired for $900. pare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owner's equily for the month of August and the balance sheet at August at, 2022 vare journal entries to close the temporary accounts and post these entries to the ledger. iare a post-closing trial balance. Assignment: Completing the Accounting Cycle Note that there are already transactions in the ledger on the third tab that are not connected to the Journal you see on the second tab. That is pre-existing data, Just roll with it and you add to those with the adjusting entries. Instructions 1. Use the following information to joumalize and post adjusting entries for the month: a. One montr's insurance coverage has explied for $190. b. At the end of the month, 5600 of office supplies are still avaliable c. This montris depreciation on the office equipment is $500 d. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 0. One month's rent has expired for $900. 2. Prepare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owners equity for the month of August and the balance sheet at August 31 3. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 4. Prepare a post-closing trial balance Simons AC Services Trial Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Office Equipment Accounts Payable John Simons, Capital Contributions John Simons, Withdrawals Service Fees Earned Utilities Expense Debit 23,520 9,800 2,950 1,900 9,000 23,000 Credit Instructions 1. Use the following information to journalize and post adjusting entries for the month: 1. One month's insurance coverage has expired for $190. 2. At the end of the month, $600 of office supplies are still available. 3. This month's depreciation on the office equipment is $500. 4. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 5. One month's rent has expired for $900. 1. Use the following information to journalize and post adjusting entries for the month: 1. One month's insurance coverage has expired for $190. 2. At the end of the month, $600 of office supplies are still available. 3. This month's depreciation on the office equipment is $500. 4. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 5. One month's rent has expired for $900. 2. Prepare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owner's equity for the month ohAugust and the balance sheet at August 31, 2022. 3. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 4. Prepare a post-closing trial balance. Image Description: Groph with Quantity on x-axis and Price on y-axis. From the bottom, the y-axis has intervals 2 , 3.65,5,8.15 marked. From the left, the x-axis has intervals 220 and 400 marked. Dotted lines create rectangles connecting the y-axis and x-axis labels, moving right from y-axis and straight down to the x-axis. A line labeled Demand moves from (0,$12) ot the top left, down to (0,600), touching the top-right corner of each outer dottedline rectangle. A line labeled Supply starts ot (0,$2) and intersects the corners of the rectangles between (220,$3.65) and (400,$5). Calculate consumer surplus for the market in equilibrium above. (Note: to calculate the area of a right triangle, multiply the base times the height, then divide the product by 2 . Give your answer as a whole number.) the following information to joumalize and post adjusting entries for the month: ne month's insurance coverage has expired for $190 the end of the month. $600 of office supplies are still avallable. is month's depreciation on the office equipment is $500. nployees earned $1,670 of unpaid and unrecorded salaries as of month-end. ee month's rent has expired for $900. pare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owner's equily for the month of August and the balance sheet at August at, 2022 vare journal entries to close the temporary accounts and post these entries to the ledger. iare a post-closing trial balance. Assignment: Completing the Accounting Cycle Note that there are already transactions in the ledger on the third tab that are not connected to the Journal you see on the second tab. That is pre-existing data, Just roll with it and you add to those with the adjusting entries. Instructions 1. Use the following information to joumalize and post adjusting entries for the month: a. One montr's insurance coverage has explied for $190. b. At the end of the month, 5600 of office supplies are still avaliable c. This montris depreciation on the office equipment is $500 d. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 0. One month's rent has expired for $900. 2. Prepare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owners equity for the month of August and the balance sheet at August 31 3. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 4. Prepare a post-closing trial balance Simons AC Services Trial Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Office Equipment Accounts Payable John Simons, Capital Contributions John Simons, Withdrawals Service Fees Earned Utilities Expense Debit 23,520 9,800 2,950 1,900 9,000 23,000 Credit Instructions 1. Use the following information to journalize and post adjusting entries for the month: 1. One month's insurance coverage has expired for $190. 2. At the end of the month, $600 of office supplies are still available. 3. This month's depreciation on the office equipment is $500. 4. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 5. One month's rent has expired for $900. 1. Use the following information to journalize and post adjusting entries for the month: 1. One month's insurance coverage has expired for $190. 2. At the end of the month, $600 of office supplies are still available. 3. This month's depreciation on the office equipment is $500. 4. Employees earned $1,670 of unpaid and unrecorded salaries as of month-end. 5. One month's rent has expired for $900. 2. Prepare the adjusted trial balance as of August 31. Prepare the income statement and the statement of owner's equity for the month ohAugust and the balance sheet at August 31, 2022. 3. Prepare journal entries to close the temporary accounts and post these entries to the ledger. 4. Prepare a post-closing trial balance
