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Assignment Details Using the data provided, perform the steps below to complete the final project. On December 1, 2019, Soccer Box Inc. started operations. The
Assignment Details Using the data provided, perform the steps below to complete the final project. On December 1, 2019, Soccer Box Inc. started operations. The following transactions occurred during December 2019. NOTE: There are no beginning balances-this is a new company, Dec 1 Randol Espy invested $80,000 cash in the company for common stock. 2 SoccerBox purchased soccer equipment for $20,000 cash. SoccerBox rented an old warehouse for $30,000 cash for the first year's (December 2019-November 2020) rent 2 3 SoccerBox purchased $500 of office supplies with cash. 10 SoccerBox paid $12,000 cash for an annual insurance policy 14 Soccer Box paid $4,000 cash for the first payroll earned by its employees. 24 Soccer Box received $85,000 cash from soccer fees paid by parents for a private youth soccer lesson. 28 SoccerBox paid $4,000 cash for 2 weeks' salaries earned by its employees, 29 SoccerBox paid 5200 cash for minor repairs to its soccer equipment, 30 Soccer Box paid $150 cash for this month's telephone bill 30 Dividends of $1,000 cash were paid by SoccerBox to its current shareholders. Using this spreadsheet and the information above, complete the following: 1. Record the journal entries that occurred during the month of December 2. Prepare an unadjusted trial balance 3. Create adjusting journal entries at the end of the year (December 31) based on the following adjustment datar a. One month's insurance coverage has expired (refer to the December 10 entry) h. The company occupied the warehouse space for the month of December (refer to the December 2 encryl c. At the end of the month. 5100 worth of office supplies are still available (refer to the December 3 entryl. This ..... Type here to search O ET S. 5 6. 8 E R S H B
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