Answer All Questions:

Q1. Prepare the balance sheet for ALOMARI Delivery Service from the following alphabetical list of the accounts at December 31 amounts in dollars. (i need more details and more Explain) (use your own words don't copy and paste) (don't use handwritting)

Accounts receivable	$10,000
Accounts payable	18,000
Building	28,000
Common stock	30,000
Cash	8,000
Notes payable	45,000
Office equipment	12,000
Retained earnings	?
Trucks	55,000

Q2: The balances for the accounts of Lances Consulting Firm, Inc. for the year ended December 31 are shown below. Each account shown had a normal balance. (i need more details and more Explain) (use your own words don't copy and paste) (don't use handwritting)

Accounts payable $ 6,400 Wages expense $35,000

Accounts receivable 7,000 Rent expense 5,000

Cash 10,000 Retained Earnings 68,700

Office Supplies 1,000 Land 53,000

Building 99,000 Unearned Revenue 7,000

Supplies expense 15,000 Dividends 20,000

Consulting Revenue 150,000 Common Stock 12,900 Instructions: Calculate Net Income

Q3. Dolly Barton began Barton Office Services in October and during the month completed the following transactions: (i need more details and more Explain) (use your own words don't copy and paste) (don't use handwritting) a. Invested $10,000 cash and $15,000 of computer equipment in exchange for common stock b. Paid $500 cash for an insurance premium covering the next 12 months c. Completed a word processing assignment for a customer and collected $1,000 cash d. Paid $200 cash for office supplies e. Paid $2,000 for October's rent.

Instructions: Prepare journal entries to record the above transactions. Explanations are unnecessary

Q4: ABC Company wishes to enter receipts and payments in such a manner that adjustments at the end of the period will not require reversing entries at the beginning of the next period.(i need more details and more Explain) (use your own words don't copy and paste) (don't use handwritting)

Instructions:

Record the following transactions in the desired manner and give the adjusting entry on December 31, 2017. (Two entries for each part.)

1. An insurance policy for two years was acquired on April 1, 2017 for $8,000.

2. Rent of $12,000 for six months for a portion of the building was received on November 1, 2017.