B Depreciation Expense - Electrical Equipment Record the following transactions as usual in a general journal and post to the Transaction To open the business, Ken Ketchell invested $15,000 cash and $2,800 worth of el equipment Paid rent for 4 months in advance, $1600. Purchased shop equipment on account from Electrical \& Sons, \$2050. Bought electrical supplies for cash, $1125. Collected $3600 for electrical services provided. Ken paid his wife's spa bill from the company chequebook, $108. Billed Southern Construction Inc. for electrical fees earned but not to be received $10,200. Advertising bill received from TYDI Radio Co. but not to be paid until next month, Received cheque from Southern Construction Co. in partial payment on transaction Se tember 10,$5100 Paid Electrical \& Sons one-half of amount owed for Shop equipment, $1025. Paid telephone bill of company, \$142. Received bill from Precise Repairs to go to miscellaneous expenses to be paid in Oct., IVE YOUR WORK Account Title B September 1, 2022 Account Title Cash Accounts Receivable Prepaid Rent Electrical Supplies Shop Equipment Accumulated Depreciation Shop Equipment Electrical Equipment Accumulated Depreciation Electrical Equipment Accounts Payable Salaries Payable Ken Ketchell, Capital Ken Ketchell, Withdrawals Income Summary Electrical Revenue Salaries Expense Advertising Expense Telephone Expense Miscellaneous Expense Electrical Supplies Expense Rent Expense Depreciation Expense - Shop Equipment Depreciation Expense - Electrical Equipment Instructions Journal Journal (2) Journal (3) Ledger Workshe B u s Overline Merg ERE TO SAVE YOUR WORK E22 Account Title \begin{tabular}{r|l} A & \\ 26 & Paid salaries to employees, $2850. \\ \hline 28 & Paid Electrical \& Sons one-half of amount owed for Shop equipment, \\ \hline 29 & Paid telephone bill of compant, $142. \\ \hline 30 & Received bill from Precise Repairs to go to miscellaneous expenses to be \\ \hline \end{tabular} 2 Complete a trial balance directly to the worksheet provided. 3 Use the following adjustment data to enter adjusting entries on the worksl a. Electrical supplies on hand at month-end totalled $420. b. Rent expired during September was for one month. c. Depreciation on shop equipment was based on the straight-line method d. Depreciation on electrical equipment is also straight-line, four-year life e. Salary accrued was 25% of the salaries paid on September 26 . 4 Record the adjusting entries in your general journal and post adjustments t 5 Complete an Income Statement, Statement of Equity and Balance Sheet 6 Record the closing entries in your general journal and post adjustments 7 Complete a post-closing trial balance READY Instructions Journal Journal (2) Journal (3) Ledger Worksheet nsactions as usual in a general journal and post to the general ledger. B Depreciation Expense - Electrical Equipment Record the following transactions as usual in a general journal and post to the Transaction To open the business, Ken Ketchell invested $15,000 cash and $2,800 worth of el equipment Paid rent for 4 months in advance, $1600. Purchased shop equipment on account from Electrical \& Sons, \$2050. Bought electrical supplies for cash, $1125. Collected $3600 for electrical services provided. Ken paid his wife's spa bill from the company chequebook, $108. Billed Southern Construction Inc. for electrical fees earned but not to be received $10,200. Advertising bill received from TYDI Radio Co. but not to be paid until next month, Received cheque from Southern Construction Co. in partial payment on transaction Se tember 10,$5100 Paid Electrical \& Sons one-half of amount owed for Shop equipment, $1025. Paid telephone bill of company, \$142. Received bill from Precise Repairs to go to miscellaneous expenses to be paid in Oct., IVE YOUR WORK Account Title B September 1, 2022 Account Title Cash Accounts Receivable Prepaid Rent Electrical Supplies Shop Equipment Accumulated Depreciation Shop Equipment Electrical Equipment Accumulated Depreciation Electrical Equipment Accounts Payable Salaries Payable Ken Ketchell, Capital Ken Ketchell, Withdrawals Income Summary Electrical Revenue Salaries Expense Advertising Expense Telephone Expense Miscellaneous Expense Electrical Supplies Expense Rent Expense Depreciation Expense - Shop Equipment Depreciation Expense - Electrical Equipment Instructions Journal Journal (2) Journal (3) Ledger Workshe B u s Overline Merg ERE TO SAVE YOUR WORK E22 Account Title \begin{tabular}{r|l} A & \\ 26 & Paid salaries to employees, $2850. \\ \hline 28 & Paid Electrical \& Sons one-half of amount owed for Shop equipment, \\ \hline 29 & Paid telephone bill of compant, $142. \\ \hline 30 & Received bill from Precise Repairs to go to miscellaneous expenses to be \\ \hline \end{tabular} 2 Complete a trial balance directly to the worksheet provided. 3 Use the following adjustment data to enter adjusting entries on the worksl a. Electrical supplies on hand at month-end totalled $420. b. Rent expired during September was for one month. c. Depreciation on shop equipment was based on the straight-line method d. Depreciation on electrical equipment is also straight-line, four-year life e. Salary accrued was 25% of the salaries paid on September 26 . 4 Record the adjusting entries in your general journal and post adjustments t 5 Complete an Income Statement, Statement of Equity and Balance Sheet 6 Record the closing entries in your general journal and post adjustments 7 Complete a post-closing trial balance READY Instructions Journal Journal (2) Journal (3) Ledger Worksheet nsactions as usual in a general journal and post to the general ledger