As the bookkeeper of Phil's Plowing, you have been asked to complete the entire accounting cycle for Phil from the following information. 201X Mar. Phil invested $11,000 cash and $6,000 worth of snow equipment into the plowing 1 ompany. Paid 3 months' rent in advance for garage space, $1,200. 1. Purchased office equipment from Lite Corp. for $10,800 on account. 6 Purchased snow supplies for $1,100 cash. Collected $10,000 from plowing local shopping centers. 8 Phil Mack withdrew $6,000 from the business for personal use. 12 Plowed Holiday parking lots, payment not to be received until May, $1,000. Paid salaries to employees, $2,100. 20 26 28 Paid Lite Corp. one-half amount owed for office equipment. Advertising bill received from Washington Co. but will not be paid until May, $600. 29 30 Paid telephone bill, $130. Use the following chart of accounts Chart of Accounts Chart of Accounts Assets Owner's Equity 111 Cash 311 P. Mack, Capital 112 Accounts Receivable 312 P. Mack, Withdrawals 114 Prepaid Rent 313 Income Summary 115 Snow Supplies Revenue 121 Office Equipment 122 Accumulated Depreciation, Office Equipment 411 Plowing Fees Expenses 123 Snow Equipment 511 Salaries Expense 124 Accumulated Depreciation, Snow Equipment 512 Advertising Expense Liabilities 513 Telephone Expense 514 Rent Expense 211 Accounts Payable 212 Salaries Payable 515 Snow Supplies Expense 516 Depreciation Expense, Office Equipment 517 Depreciation Expense, Snow Equipment Adjustment Data a. Snow supplies on hand, $300. b. Rent expired, $400. c. Depreciation on office equipment, $180 ($10,800/5 yr.$2,160/12 mo. $180). d. Depreciation on snow equipment, S100 ($6,000/5 yr. $1,200/12 mo. $100). e. Accrued salaries, $270. As the bookkeeper of Phil's Plowing, you have been asked to complete the entire accounting cycle for Phil from the following information. 201X Mar. Phil invested $11,000 cash and $6,000 worth of snow equipment into the plowing 1 ompany. Paid 3 months' rent in advance for garage space, $1,200. 1. Purchased office equipment from Lite Corp. for $10,800 on account. 6 Purchased snow supplies for $1,100 cash. Collected $10,000 from plowing local shopping centers. 8 Phil Mack withdrew $6,000 from the business for personal use. 12 Plowed Holiday parking lots, payment not to be received until May, $1,000. Paid salaries to employees, $2,100. 20 26 28 Paid Lite Corp. one-half amount owed for office equipment. Advertising bill received from Washington Co. but will not be paid until May, $600. 29 30 Paid telephone bill, $130. Use the following chart of accounts Chart of Accounts Chart of Accounts Assets Owner's Equity 111 Cash 311 P. Mack, Capital 112 Accounts Receivable 312 P. Mack, Withdrawals 114 Prepaid Rent 313 Income Summary 115 Snow Supplies Revenue 121 Office Equipment 122 Accumulated Depreciation, Office Equipment 411 Plowing Fees Expenses 123 Snow Equipment 511 Salaries Expense 124 Accumulated Depreciation, Snow Equipment 512 Advertising Expense Liabilities 513 Telephone Expense 514 Rent Expense 211 Accounts Payable 212 Salaries Payable 515 Snow Supplies Expense 516 Depreciation Expense, Office Equipment 517 Depreciation Expense, Snow Equipment Adjustment Data a. Snow supplies on hand, $300. b. Rent expired, $400. c. Depreciation on office equipment, $180 ($10,800/5 yr.$2,160/12 mo. $180). d. Depreciation on snow equipment, S100 ($6,000/5 yr. $1,200/12 mo. $100). e. Accrued salaries, $270