AutoSave On Financial Statements Homework Ch 4 (1) Protected View Se Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Ene 23 STEP 1: Analyze STEP 2: Journalized the Transactions Green Neighbors is a gardning service company in Bakersfield On May 1, the curryover balance in the accounts were as follow Cash $5,300, Accounts Receivable $700: Supplies $1,200, Building $50,000, Accounts Payable $1,200, Common Stock 556,000 Below is the Chart of Accounts for Green Neighbors: 7 8 9 Assets Liabilities 10 Accounts Payable Uneamed Revenue Salaries and Wages Payable Notes Payble 12 15 Cash Accounts Receivable Supplies Prepaid Rent Prepaid insurance Inventory Equipment Vehicle Accumulated Depreciation - Vehicle Building Accumulated Deprecision Building 15 16 17 13 Stockholder's Equity Common Stock Retained Earnings Revenue Stones and Wages Expense Insurance Expand Suption Expense Depreciation Exponat 13 20 GJE UTE AL AT Accounting de i e B . Building Accumulated Depreciation - Building Revenue Salaries and Wages Expense Insurance Expense Supplies Expense Depreciation Expense Dividends Below are the transactions for May 2020: 05012020 Paid $3,000 cash for 5 months' insurance. No expense has been recorded yet. 05/03 2020 Billed $2,200 to client for services provided 0510/2020 Purcahsed a truck for $15,000 $1,000 paid with cash and the rest on account 0515/2020 Purchased supplies for $500 cash 05/292020 Customer paid $400 cash for future services. Each lawn mowing service costs $80. 05/25/2020 Paid $450 towards the truck purchased on account from May 10th trasnaction 05/30/2020 Received $2.500 cash for gardening services to Shilo Estate neighborhood record trasnactions in the general journal. Green Neighbors General Journal Account Titles and Explanation Debit Credit Date AJE FS CE ATB GJE UTE GL Accounting Cycle File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protecte C13 X fx B 1 STEP 3: Post 3 Please post journal entries from STEP 18 2 4 5 General Ledger 6 7 Total Debat Credit Date Description Check Bala Unadjust Debat Credit 9 10 11 12 13 14 15 12 18 General Ledger Accounts Receivable 19 Total Debit Credit Debit Description Credit Date 20 21 22 20 25 26 27 28 General Ledger Supplies Total Debit Credit Debat Credit 8808 Description Date GL UTE AJE GIE FSCHE Accounting Cycle e AutoSave H Financial Statements Homerork.Ch 4 (1) - Protected View File Home Insert Draw Page Layout Formulas Data Review View Help D PROTECTED VIEW Be careful-Files from the internet can contain viruses. Unless you need to edit ts sales to stay in Protected View B23 fo 1 STEP 4: Trial Balance 2 3 Please prepare an unadjusted trial balance based on results from STEP 3. 4 5 Green Neighbors 6 Unadjusted Trial Balance 7 May 31, 2020 8 Account Debit Check B Credit Total Dobi Total Cred 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 AJE UTB ATE CUE GE ES Accounting Cycle o AutoSave Financial Statements Homework Ch 4 (1) - Protected Vies File Home Insert Draw Page Layout Formulas Data Review View D PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit it's safe to stay in Protected View Help C12 f B STEP 5: ADJUSTING ENTRIES 3. Assume the same scenario from STEP 1 and Green Neighbors clases the books and makes adjustments every month $ B 7 1 Suppleton Mw31 2000 11000 2 Pad 3 000 catho Sinonhance Atheendel this month there were 180 e deprecision and and t250 o deponent 4 On May 21 2020.com paid 1400 cashforkuture Devices. Eachlan nowing con10 Bande Mwy Green Neighbors provided 3 mesow morigenic 5 Wooldusal for employees 1490. During the vol Mar 31st on Thurid B 10 11 Please prepare the necessar adusting entries in the general oralas of May 31. Then, post entries to ledger, 13 14 Green Neighbors General Journal Account Titles and Explanation petit Credit 15 16 17 Date 21 23 25 28 GE GE UTE NE Accounting Cyde e OM E AutoSave Financial Statements Homework-Ch 4(T) - Protected Vies File Home Insert Draw Page Layout Formulas Review View Help PROTECTED VIEW Be careful-Files from the Internet can contain virusesUnless you need to edit assale to stay in Protected View Erable Editing A3 Please prepare an adjusted trial balance based on results from STEP after adjusting entries have been poste B 1 STEP 6: Adjusted Trial Balance 2 3. Please prepare an adjusted trial balance based on results from STEP 3 after adjusting entries have been posted. 4 5 6 7 Green Neighbors Adjusted Trial Balance May 31, 2020 Account 8 Debit Credit Check Balance 9 Total Debt57 10 To Credit 11 12 13 14 15 16 17 18 ATE Accounting AutoSave ON Financial Statements Homework - Ch 4(1) - Protected View - File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit. es sales to stay in Protected View Enable Editing C20 fo 1 STEP 7: Financial Statements 2 3 Based on the adjusted trial balance, please create the Income Statement, Retained Earnings Statement and Balance Sheet 5 6 7 Green Neighbors Income Statement For the Month Ended May 31, 2020 Income Statemen Hervence -Expenses Netcome Netto . 9 10 Revenues 11 Total Revenues 14 15 Expenses 16 17 18 Total Expenses In Notice 34 Net Income (Loss) Retained Faminos Green Nainhbare UT 35 QUE Accounting Cycle Ote ave OF Financial Statements Homework - Ch 4(1) - Protected View Pich Jessica Almajani Home Insert Drave Page Layout Formulas Data Review View Help ROTECTED VIEW Be careful files from the internet can contain Viruses. Unless you need to edit ale to stay in Pentected View Enable ting STEP 8: Closing Entries Based on the trial balance from STEP 6, please prepare closing entries and the post-closing trial balance. Green Neighbors General Journal Account Titles and Explanation Debit Credit Date 1 12 13 14 15 16 17 16 Accounting by AutoSave On Financial Statements Homework Ch 4 (1) Protected View Se Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Ene 23 STEP 1: Analyze STEP 2: Journalized the Transactions Green Neighbors is a gardning service company in Bakersfield On May 1, the curryover balance in the accounts were as follow Cash $5,300, Accounts Receivable $700: Supplies $1,200, Building $50,000, Accounts Payable $1,200, Common Stock 556,000 Below is the Chart of Accounts for Green Neighbors: 7 8 9 Assets Liabilities 10 Accounts Payable Uneamed Revenue Salaries and Wages Payable Notes Payble 12 15 Cash Accounts Receivable Supplies Prepaid Rent Prepaid insurance Inventory Equipment Vehicle Accumulated Depreciation - Vehicle Building Accumulated Deprecision Building 15 16 17 13 Stockholder's Equity Common Stock Retained Earnings Revenue Stones and Wages Expense Insurance Expand Suption Expense Depreciation Exponat 13 20 GJE UTE AL AT Accounting de i e B . Building Accumulated Depreciation - Building Revenue Salaries and Wages Expense Insurance Expense Supplies Expense Depreciation Expense Dividends Below are the transactions for May 2020: 05012020 Paid $3,000 cash for 5 months' insurance. No expense has been recorded yet. 05/03 2020 Billed $2,200 to client for services provided 0510/2020 Purcahsed a truck for $15,000 $1,000 paid with cash and the rest on account 0515/2020 Purchased supplies for $500 cash 05/292020 Customer paid $400 cash for future services. Each lawn mowing service costs $80. 05/25/2020 Paid $450 towards the truck purchased on account from May 10th trasnaction 05/30/2020 Received $2.500 cash for gardening services to Shilo Estate neighborhood record trasnactions in the general journal. Green Neighbors General Journal Account Titles and Explanation Debit Credit Date AJE FS CE ATB GJE UTE GL Accounting Cycle File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protecte C13 X fx B 1 STEP 3: Post 3 Please post journal entries from STEP 18 2 4 5 General Ledger 6 7 Total Debat Credit Date Description Check Bala Unadjust Debat Credit 9 10 11 12 13 14 15 12 18 General Ledger Accounts Receivable 19 Total Debit Credit Debit Description Credit Date 20 21 22 20 25 26 27 28 General Ledger Supplies Total Debit Credit Debat Credit 8808 Description Date GL UTE AJE GIE FSCHE Accounting Cycle e AutoSave H Financial Statements Homerork.Ch 4 (1) - Protected View File Home Insert Draw Page Layout Formulas Data Review View Help D PROTECTED VIEW Be careful-Files from the internet can contain viruses. Unless you need to edit ts sales to stay in Protected View B23 fo 1 STEP 4: Trial Balance 2 3 Please prepare an unadjusted trial balance based on results from STEP 3. 4 5 Green Neighbors 6 Unadjusted Trial Balance 7 May 31, 2020 8 Account Debit Check B Credit Total Dobi Total Cred 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 AJE UTB ATE CUE GE ES Accounting Cycle o AutoSave Financial Statements Homework Ch 4 (1) - Protected Vies File Home Insert Draw Page Layout Formulas Data Review View D PROTECTED VIEW Be carefulfiles from the Internet can contain viruses. Unless you need to edit it's safe to stay in Protected View Help C12 f B STEP 5: ADJUSTING ENTRIES 3. Assume the same scenario from STEP 1 and Green Neighbors clases the books and makes adjustments every month $ B 7 1 Suppleton Mw31 2000 11000 2 Pad 3 000 catho Sinonhance Atheendel this month there were 180 e deprecision and and t250 o deponent 4 On May 21 2020.com paid 1400 cashforkuture Devices. Eachlan nowing con10 Bande Mwy Green Neighbors provided 3 mesow morigenic 5 Wooldusal for employees 1490. During the vol Mar 31st on Thurid B 10 11 Please prepare the necessar adusting entries in the general oralas of May 31. Then, post entries to ledger, 13 14 Green Neighbors General Journal Account Titles and Explanation petit Credit 15 16 17 Date 21 23 25 28 GE GE UTE NE Accounting Cyde e OM E AutoSave Financial Statements Homework-Ch 4(T) - Protected Vies File Home Insert Draw Page Layout Formulas Review View Help PROTECTED VIEW Be careful-Files from the Internet can contain virusesUnless you need to edit assale to stay in Protected View Erable Editing A3 Please prepare an adjusted trial balance based on results from STEP after adjusting entries have been poste B 1 STEP 6: Adjusted Trial Balance 2 3. Please prepare an adjusted trial balance based on results from STEP 3 after adjusting entries have been posted. 4 5 6 7 Green Neighbors Adjusted Trial Balance May 31, 2020 Account 8 Debit Credit Check Balance 9 Total Debt57 10 To Credit 11 12 13 14 15 16 17 18 ATE Accounting AutoSave ON Financial Statements Homework - Ch 4(1) - Protected View - File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit. es sales to stay in Protected View Enable Editing C20 fo 1 STEP 7: Financial Statements 2 3 Based on the adjusted trial balance, please create the Income Statement, Retained Earnings Statement and Balance Sheet 5 6 7 Green Neighbors Income Statement For the Month Ended May 31, 2020 Income Statemen Hervence -Expenses Netcome Netto . 9 10 Revenues 11 Total Revenues 14 15 Expenses 16 17 18 Total Expenses In Notice 34 Net Income (Loss) Retained Faminos Green Nainhbare UT 35 QUE Accounting Cycle Ote ave OF Financial Statements Homework - Ch 4(1) - Protected View Pich Jessica Almajani Home Insert Drave Page Layout Formulas Data Review View Help ROTECTED VIEW Be careful files from the internet can contain Viruses. Unless you need to edit ale to stay in Pentected View Enable ting STEP 8: Closing Entries Based on the trial balance from STEP 6, please prepare closing entries and the post-closing trial balance. Green Neighbors General Journal Account Titles and Explanation Debit Credit Date 1 12 13 14 15 16 17 16 Accounting by