ACCT 101 Project Question (1).docx - Word Tell me what you want to do. Review View Developer - + + 2. d AaBbct AaBbcat 1 Normal 1 No Spac. Heading 1 Heading 2 Title Studie Stem. Emphasis intense Paragraph Problem 332B Comprehensive problem: single cycle Using the Excel file in the Project folder perform the following: The following transactions pertain to Price Corporation for Year 1: Jan Began operations when the business acquired $25,000 cash from the issue of comme stock Mar 1 Paid rent for office space for two years: 58.400 cash Apr. 14 Purchased $400 of supplies on account June 30 Received $12,000 cash in advance for services to be provided over the next year July 5 Paid $300 of the accounts payable from April 14 Aug Billed a customer 54,800 for services provided during July Aug 8 Completed a job and received 1,600 cash for services rendered Sept 1 Paid employee salaries of $18,000 cash. Sept 9 Received 54.250 cash from accounts receivable. Oct. 5 Billed customers $17.000 for services rendered on account Nov. 2 Paid a 5500 cash dividend to the stockholders Dec. 31 Adjusted records to recognize the services provided on the contract of June 30 Dec 31 Recorded 51.100 of accrued salaries as of December 31 Dec 31 Recorded the rent expense for the year (See March 1) Dec 31 Physically counted supplies: 550 was on hand at the end of the period Required: hale b Record the preceding transactions in the prevaljal est the transactions to a n d calculate the account Prepare a trial balance Prepare the income statemen t of changes in the het andet och Prepare the closing s at December 31 Prepare a trial balance after the design s are posted