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Can you please do this for me ASAP it is due in 10 hours! NOTE: There are more than 12 T-accounts and do not forget
Can you please do this for me ASAP it is due in 10 hours! NOTE: There are more than 12 T-accounts and do not forget to include income summary in the T-account and don't forget the financail statement (Income summary statement, Owners equity statement and Balance sheet) I have provided everything that is needed.
Morrison Jeffries started his specialty interior design/contracting company, Elite Interiors on January 1, 2015. The annual reporting period ends December 31. The beginning trial balance on January 1 2016, follows: Elite Interiors Trial Balance January 1, 2016 Account Account Title Debit (Dr Credit (C 01 Cash 24,000 7000 02 Accounts receivable 03 16,000 Supplies inventory 044 4,500 Prepaid insurance 05 Land 06 Equipment 90,000 07 Accumulated depreciation 08 Long-term investments 8,000 9,000 11 14,000 Accounts payable 12 Notes payable 13 Wages payable 144 Interest payable 155 Unearned construction revenue 21 Capital, Jeffries 126,500 255 Drawings 35 Construction revenue 40 Construction expenses 41 Depreciation expenses 433 nterest expense 444 Wage expense 455 nsurance expense 49,500 49,500
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