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ces W 1. March 12 2. May 2 3. June 30. 4. August 1 5. September 25 6. October 19 7. December 30 Required:
ces W 1. March 12 2. May 2 3. June 30. 4. August 1 5. September 25 6. October 19 7. December 30 Required: Provide services to customers, $50,000, of which $20,000 is on account. Collect on accounts receivable, $17,000. Issue shares of common stock in exchange for $5,000 cash. Pay salaries of $5,000 from 2023 (prior year). Pay repairs and maintenance expenses, $12,000. Purchase equipment for $7,000 cash. Pay $1,000 cash dividends to stockholders. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,000. Office supplies remaining on hand at the end of the year equal $1,000. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 21 Req 4 Req 5 Req 7 Req Ba Req 8b Req 9 Req 1 and 3 and 6 and 10 Req 11 Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) < Prev 3 of 10 Next > Remindare
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