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Answer as soon as possible please : in accouting format dont answer question 2. Post the transactions to T ledger accounts(Note: when you are postin
Answer as soon as possible please : in accouting format
dont answer question 2.
Post the transactions to T ledger accounts(Note: when you are postin transactions to the ledgers, make sure you start with account balances from post-closing trial balance. For example: What would happen to cash balance if you were to post h account balances from post-closing trial 5000 debit? The cash balance would be: 25.300 +5,000=$30, 300) Frepare a trial balance. Make adjustin entries for the following: 3. A1-mount of office supplies left as of May 31 is $700 A2-$1,700 of the uneamed fees eamed as of May 31 A3-Expired insurance for the month A4-Expired rent for the month A5-Depreciation of tha buildine for the month 5. Post the adjusting entries to appropriate ledgers. Prepare adjusted trial balance. 7. Prepare income statement, statement of retained eamings, and balance sheet. Note: Use the demonstration problem Incorporated in LESSONS 2 and 3. Make sure EACH transaction NUMBERED 6. format as shown for Spring Garden Lawn Care Spring Garden Lawn Care Incorporated Post-Closing Trial Balance As of April 30, 20xx Debits Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Office Building Accumulated Depreciation Accounts Pavable Uneaned Fees Capital Stock 25,300 11,300 500 3,300 46,000 80,000 $400 2,000 1,500 150,000 12,500
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