B F On December 1 of the current year, the general ledger of Mossland Company, which was incoporated this year, includes the following account balances: Credit Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Dividends Totals Debit 22,600 6,000 3.900 58,000 4,000 88,500 0 1 2 2,000 92,500 92,500 8 9 0 December 20 1) During December, the following transactions occur, analyze each on the analysis tab. 3 4 December 1 Purchased equipment for $20,000 by signing a five year note payable. 5 December 2 Purchase rental space for one year in advance. $8,400 ($700/month) 6 December 9 Purchase additional supplies on account, $4,300. 7 December 13 Provide services to customers on account, $26,300 December 17 Receive cash in advance from customers for services to be provided in the future. $4.500 Pay cash for salaries, $12,300. December 22 Receive cash on accounts receivable, $24.900 1 December 29 Pay cash on accounts payable, $4,800 2 2) At the end of December, the following information was supplied to you. Analyze the 3 transactions on the analysis tab. 5 December Rent for the month of December has expired. 16 December 31 Supplies remaining on hand at the end of the month totaled $2,400 7 December 31 tey the end of December, 15% of the deferred revenue has been camed. 3 December Salaries eamed but not yet paid as of the end of the month totalled $1.030. 9 December 31 Annual depreciation on the equipment is $1,200. December 31 The interest rate on the December 1 note is 12%. The annual interest totals $2,400 3) Post all transactions to the ledger on the ledger tab. Canadian triathlon Instructions Analysis Ledger Trial Balance Financial Se Ready 4 31 31 0 1 H42 Jx D Cash Accounts Receivable Prepaid Rent Supplies Land Equipment Accumulated Depreciation Accounts Payable Deferred Revenue Salaries Payable Interest Payable Notes Payable 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 HH Common Stock Retained Earning Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Supplies Expense + 50 P Instructions Analysis Ledger Trial Balance Financial Statements Ready 51 A 8 D C Balance Sheet M N 0 Income Statement Date A Cash Flow CF Journal SE NI Account 12121 DR 12/2/21 T 12/9/21 12/1321 T 12/12/21 5 5 122021 3 . 1 2 3 122221 122921 1 T 1 1 121121 1 120121 7 3 > 0 1 2 3 14 5 6 7 . 120123 1 1 322121 12/1/21 10 1 2 3 120121 5 Total Instructions Analysis Ledger Trial Balance Financial Statements Ready Closing Entries +
