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answer what you can but it would be great if you answer a and b On September 1, Percy Equlpment Repair had the beginning account
answer what you can but it would be great if you answer a and b
On September 1, Percy Equlpment Repair had the beginning account balances presented in the attached Taccounts (Ercel Template). Duing the month of September, the following transactions were completed: Sept. 8 Pald $1,400 for salaries due employees, of which $900 is for September. 10 Recelved $1,200 cash from customers on account. 12 Recehed $3,400 cash for services performed in September. 15 Purchased store equlpment on account $3,000. 17 Purchased supplies on account $1,200. 20 Paid creditors $4,500 on account. 22 Paid September rent $500. 25 Paid salaries $1,250 27 Performed services on account and billed customers $2,100 for these senices. 29 Recelved $650 from customers for future services. At the end of the month the following adjustment were determined: 1. Supplies on hand $1,300. 2. Accrued salaries payable $300. 3. Depreclation is $100 per month. 4. Services related to unearned service revenue of $1,450 were performed. Instructlons a) Journalite the September transtactions b) Post the Journal entries to the T-accounts (Use Excel Template) c) Prepare a Trial Balance d) Journalize and post the adfusting entries e) Prepare an Adjusted Trial Balance f) Prepare an income Statement, Statement of Owner's Eqyity, and a Balance sheet as of September 30 d) Prepare the dosing entrites On September 1, Percy Equlpment Repair had the beginning account balances presented in the attached Taccounts (Ercel Template). Duing the month of September, the following transactions were completed: Sept. 8 Pald $1,400 for salaries due employees, of which $900 is for September. 10 Recelved $1,200 cash from customers on account. 12 Recehed $3,400 cash for services performed in September. 15 Purchased store equlpment on account $3,000. 17 Purchased supplies on account $1,200. 20 Paid creditors $4,500 on account. 22 Paid September rent $500. 25 Paid salaries $1,250 27 Performed services on account and billed customers $2,100 for these senices. 29 Recelved $650 from customers for future services. At the end of the month the following adjustment were determined: 1. Supplies on hand $1,300. 2. Accrued salaries payable $300. 3. Depreclation is $100 per month. 4. Services related to unearned service revenue of $1,450 were performed. Instructlons a) Journalite the September transtactions b) Post the Journal entries to the T-accounts (Use Excel Template) c) Prepare a Trial Balance d) Journalize and post the adfusting entries e) Prepare an Adjusted Trial Balance f) Prepare an income Statement, Statement of Owner's Eqyity, and a Balance sheet as of September 30 d) Prepare the dosing entrites Step by Step Solution
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