CE 2 ACCOUNT DEBIT 49,320 CREDIT Cash 17.500 29,000 Equipment Truck Accum. deprec. equipment Accum. deprec, truck Accounts receivable Supplies Land 6,460 350 26,500 2.700 49,000 Prepaid auto insurance Accounts payable Notes payable Salary payable Utilities payable Unearned Service Revenue Harper, capital Harper, drawing Service revenue Depreciation expense - Equip Depreciation expense - Truck 80,000 5,575 11,360 insurance expense Rent expense 2,500 4.500 Salary expense Supplies expense Maintenance expense 230 Utilities expense 1255 Total 149050 143,090 1. Create journal entries for the following adjustment entries: M. Received $1,500 cash from a customer for 3 months of service N Employees are paid $2,250 every Friday for a 5-day work week. April 30, 2021 is a Wednesday O. Record use of 1 month's prepaid auto insurance ($900 for 3 months) P. On April 30, 2021, the supplies on hand is $45 (On April 1, 2021 it was $350). Q Depreciation for the current month includes equipment ($750) and trucks ($450). Make a compound entry Journal Entry ACCOUNT DEBIT CREDIT M. Drocul Truck Equipment 17,500 Bal Bal 29,000 Bal. Bal. Accum. deprec, equipment Accum. deprec. truck Bal Bal. Accounts receivable Supplies 250 Bal 3.100 e 4.200 5.560 c Bal. Bal. Land Prepaid auto insurance 26,500 900 Bal Bai, Accounts payable Bal Notes payable 45.000 350 Bal. BAL Salary payable Utilities payable 0 2. EDI. Unearned service revenue Service revenue Et Harper, capital Bal Harper, drawing 80.000 3,500 Bal Bal. Depec expense - equipment Depres, expense - truck Bal Bal. Ineurance expense Rent expense 2.000 El Esl. Salary expense Supplies expense gel Maintenance expense utiles pente 3. Prepare the adjusted trial balance of Colorado Service Center at Apr 30, 2021. Colorado Service Center Adjusted Trial Balance April 30, 2021 ACCOUNT DEBIT CREDIT Cach Equipment Truok Boum.doptes, equipment 800m. depres, truck Accounts receivable Supplies Land Prepaid auto insurance Accounts payable Notos payable 10 pable Utos payable Unearned Sovie Revenus Harper bapital Harper, drawing Beton rovent Deprolation expect - Equip Depresion expens curance expense Fent exponce Hy xpence PICEXPE Maintenance LRPORCE Vespa Total 4. Complete the end of the accounting cycle for Colorado Service Center by creating the Income statement, statement of owner's equity, and balance sheet for the month ending April 30, 2021. Income Statement Revenue: Expenses: Total Expenses Met Income Statement of Owner's Equity Harper capital - April 1, 2021 Focus Balance Sheet Abseta Liabilities Total Liabilities Equipment Le AS, Dap Truck Lese: Acum, Dap Owner's Equity Total A Bota Total Libri STOE 3130 Adobe PDF Signatures Styles Adobe Acrobat Voice Set 12. DEBIT 49,320 CREDIT 17,500 29,000 5,460 350 26,500 900 2.700 49.000 ACCOUNT Cash Equipment Truck Accum, depree, equipment Accumy prec. truck Accounts receivable Supplies Land Prepaid auto insurance Accounts payable Notes payable Salary payable Utilities payable Unearned Service Revenue Harper, capital Harper, drawing Service revenue Depreciation pense - Equip Depreciation expense rock Insurance expense Rent expense Salary expense Supplies intenance pense Use 80.000 5.575 11.360 200 2500 30 CREDIT DEBIT 48,320 17,000 29,000 6,460 350 28,600 900 ACCOUNT Cash Equipment Truok Aopum. depreo, equipment Acoum. depreo, truck Accounts receivable Supplies Land Prepaid auto insurance Accounts payable Notes payable Salary payable Utilities payable Unearned Service Revenue Harper, capital Harper, drawing Service revenue Depreciation expense - Equip Depreciation expense - Truck Insurance expense 2,700 49,000 80,000 5,575 11,360 Rent expense 2,500 4,500 Salary expense Supplies expense Maintenance expense 230 Utilities expense 225 Total 143,050 1:13 060
