Auto Sumi Xout B Copy Format Painter 18 AA= BTU 2.A 33 Wrap Tout General Merge Center - $ %Conditional Format Formatting Table Styles - Alignment Mb Insert Date Pommat Sons he Font 1 A B D F G L C. e. C E H K N 2019 December Transactions Amount a. Issued common stock for cash 2,000 b. Paid cash for three month's rent: December 2019, January and February 2020 2,400 Purchased a used truck on credit (recorded as an account payable) 13,000 d. Purchased supplies on credit. These are expected to be used during the month (recorded as expet 1,600 Paid for a one-year truck insurance policy, effective December 1 2,280 f. Billed a customer for work completed to date 6,000 B Collected cash for work completed to date 4,000 h. Paid the following expenses in cash: Advertising Interest 700 Telephone 800 Truck operating Wages 5,000 Collected part of the amount billed in f above 1,000 Billed customers for work completed to date 7,000 k Siened a contract for work to be performed in January 2020 5.000 Required Transactions Pt. A Adj. Entries P18 Jnl Entries Ady Trial at Statements Copyright 700 600 T accounts destino de ENTER or does Atobom - con mit De ruar Pagelapout Formulas Data View Tuwit you want to do DAA Wrap To General B / U.2-A ...Merge Center S-%. Conditional Formats Formatting Table Sty Aliment so Claw Sort Find Format D G H N 1,000 7,000 5,000 k. 1 B E Collected part of the amount billed in f above Billed customers for work completed to date Signed a contract for work to be performed in January 2020 Paid the following expenses in cash: Advertising Interest Truck operating Wages Collected an advance on work to be done in January (the policy of the coproration is to record such advances as revenue at the the time they are received) Received a bill for electricity used during the month (recorded as utilities expense) 600 600 900 2,000 2.000 800 n. 1 3 Required Transactions Pt. A Ady Entries PLB Taccounts In Entries Ad Trial Statements Copyright Cha Carlaflowers fowers Excel Tell me what you want to do Review View F Autosum . It Page Layout Formulat Data Xur Cabri 2 AA format Painter BIU.E.A. Font BWraps B. Merge Center - $ -% Conditional Formats Call Formatting Table Styles Number Insert Delta Format Sort & Finde Select A Ant Area 2019 B D E F H N P Amount 2019 December D. p. 9 Adjusting Entries One month of the prepaid insurance has expired. The December portion of the rent paid on December 1 has expired. Counted supplies and found this amount still on hand (recorded the amount used as an expense) The amount collected in transaction m is unearned at December 31. Three days of wages for December 29, 30, and 31 are unpaid. These will be paid in January. One month of depreciation needs to be recorded. Estimated useful life of truck in years is: Income taxes expense to be paid in the next fiscal year. $100 $2,000 5. $2.900 t u $100 1 5 6 33 Required Transactions PLA tution and he Adj. Entis PB T-accounts In Entries Adj. Trial Bal Statements Copyright Format Pour Formatting Table Styles Style Ali Mumber K M N 0 C C CE F 6 At December 31, 2019 4 Accounts Balances Closing Entries 5 Account Title Debit Credit Debit Credit 23 7 Cash Accounts Receivable 12,000 9 Prepaid Insurance 2,090 10 Prepaid Rent 1,600 11 Unused Supplies 100 12 Truck 13,000 13 Accum. Dep'n. - Truck 361 14 Accounts Payable 15,400 15 Wages Payable 2,900 16 Income Taxes Payable 100 17. Unearned Revenue 2.000 18. Common Stock 2,000 19 Retained Earnings 20 Total 21 22 Income Summary 3 Repair Revenue 17.000 17.000 Required Transactions PLA Adj. Entries PL T-accounts Jol Entries Set den and ENTER or choo Post-dosing Trial Balance Debit Credit (7.850) 12,000 2,090 1,600 100 13,000 361 15,400 2,900 100 2.000 2,000 1.551 30,341 30,341 Adj. Trial Bal Statements Copyright xD F5 F6 F7 F8 F10 F11 F12 042 AA BUA. ES Format Painter Clicca Wrap Turist Number Merge Center $. Allot Number Conditional Tom Formatting Table 87 C CE F G HI M 1,551 30,341 30.341 17,000 17,000 19 Retained Earnings 20 Total 21 22 Income Summary 23 Repair Revenue 24 Advertising Expense 25 Dep'n. Expense - Truck 26 Insurance Expense 27 Interest Expense 28 Rent Expense 29 Supplies Expense 30 Telephone Expense 31 Truck Operating Expense 32 Utilities Expense 33 Wages Expense 34 35 Income Taxes Expense 36 Net Loss 37 38 (1,300) (361) (190) (1.300) (800) (1,500) (800) (1,500) (800) 19,900) (100) (1,551) Adj. Entries Pt B T-accounts Required Transactions PLA Select destination and pros ENTER Orthos Paste Un Entries Adj. Trial Bal Statements Copyright