Closing entries, General Ledger's, and Rich Accounting Service Worksheet June
Rich's Accounting Service This comprehensive review problem requirer you to complete the accounting ovcle for Aich's Accountira Service teice. This practice det allowa you to revied Chapters 1.6 while reinforcing the rehtionships between al parts of the accounting cycle. by completing two cycles, you wil see how the ending June baltances in the ledser are ised to accumulate data indulu. june 1 June 1 dune 1 fane 2 June 5 June 6 Junes. line Jz dune 1E June 20 Jurie 21 June 22 June 25 June 26 June 27 June 29 lume his Rich mvested 519,000 cash in the butines aboig with gE, occ of olfice coulament. Rented an atfice and pald thrce months reat in adoance to Froderids Property Mangteneot. Check robos - \$4.500. Bought an zutomobie on accoutit from Norm's Automotve, $27,000 Purchaind office supplier fron Office Depot oa account Siape Purchaved add tional ottice supplids trom Olrice Depot. Paid conh Orect w 0002 - 575. Partoumed accounting services for jilian kirty. Colected 53,500 cash. Pakda emoline bil to Arco, Chect nooot - 527 . Paid lerice oflice secreiare, two weelaselar, Oreck c0004-52,000 Provided accounting services to Mindy s Dress Shop, St s0o. Payment to be rectied on july 9th Fich whtharevr 22.500 from the triness to pay perional expentes. Ohek eacos - 52.500 Perfarened acceunking services for Caden, inc. Collected 52500 cash. Paid a casolne blll to Arco, Chack 20095595 Paid Norm's Ausomotive lor automobile repairs. Check 66007 - 5625 Pald lanice, office secretary, two weels salary. Check woo0s i 52.000 Provided accountine services to sarah Companp 52 wee pawment to be feccired on Jly 15 .h Paid hane telechone till to Verizan check 20009 is5ts. REQUIRED WONK FOR IUNE 1. Jeurnalice tranchctions and post to Ceneral twodperi. 2. Prepare a triat butance in the first two columns of a blank worlatieet form. Conpiete the wortsheer baied on the folowine addustrnent datat a. One monchis rent. 52.502 has expired. b. Am inventory of office supples thowa there 4375 reinalising on hand c. Oepreciation on the olfice equipment is $202 d. Deprecation on the tutomobie is $750 e. Janice has warked Mondaw, June 29 thand Tueidar. Jane 30 hh but is not scheduled to be patd inal Fritay. July 10oth Her selary is 52000 every two wrele 15200 ger dovi 3. Pregare June tinancial stateinenta, An income Statement, stwement of Owoer' Equzey and Ealante Sheet: 4. Journalas the adjutipg eetries and poat them to the Gentral tendeal : 5. Journalue the recessary choithe eniries and post them to the General Leden: 6. Prepare a pott-ciosing trial balance. General Journal Page 1 Date Account Titles and Description OFFICE FOIHPMFNT INCOME SUMMARY Rich's Accounting Service - Worksheet June, 20xx Rich's Accounting Service This comprehensive review problem requirer you to complete the accounting ovcle for Aich's Accountira Service teice. This practice det allowa you to revied Chapters 1.6 while reinforcing the rehtionships between al parts of the accounting cycle. by completing two cycles, you wil see how the ending June baltances in the ledser are ised to accumulate data indulu. june 1 June 1 dune 1 fane 2 June 5 June 6 Junes. line Jz dune 1E June 20 Jurie 21 June 22 June 25 June 26 June 27 June 29 lume his Rich mvested 519,000 cash in the butines aboig with gE, occ of olfice coulament. Rented an atfice and pald thrce months reat in adoance to Froderids Property Mangteneot. Check robos - \$4.500. Bought an zutomobie on accoutit from Norm's Automotve, $27,000 Purchaind office supplier fron Office Depot oa account Siape Purchaved add tional ottice supplids trom Olrice Depot. Paid conh Orect w 0002 - 575. Partoumed accounting services for jilian kirty. Colected 53,500 cash. Pakda emoline bil to Arco, Chect nooot - 527 . Paid lerice oflice secreiare, two weelaselar, Oreck c0004-52,000 Provided accounting services to Mindy s Dress Shop, St s0o. Payment to be rectied on july 9th Fich whtharevr 22.500 from the triness to pay perional expentes. Ohek eacos - 52.500 Perfarened acceunking services for Caden, inc. Collected 52500 cash. Paid a casolne blll to Arco, Chack 20095595 Paid Norm's Ausomotive lor automobile repairs. Check 66007 - 5625 Pald lanice, office secretary, two weels salary. Check woo0s i 52.000 Provided accountine services to sarah Companp 52 wee pawment to be feccired on Jly 15 .h Paid hane telechone till to Verizan check 20009 is5ts. REQUIRED WONK FOR IUNE 1. Jeurnalice tranchctions and post to Ceneral twodperi. 2. Prepare a triat butance in the first two columns of a blank worlatieet form. Conpiete the wortsheer baied on the folowine addustrnent datat a. One monchis rent. 52.502 has expired. b. Am inventory of office supples thowa there 4375 reinalising on hand c. Oepreciation on the olfice equipment is $202 d. Deprecation on the tutomobie is $750 e. Janice has warked Mondaw, June 29 thand Tueidar. Jane 30 hh but is not scheduled to be patd inal Fritay. July 10oth Her selary is 52000 every two wrele 15200 ger dovi 3. Pregare June tinancial stateinenta, An income Statement, stwement of Owoer' Equzey and Ealante Sheet: 4. Journalas the adjutipg eetries and poat them to the Gentral tendeal : 5. Journalue the recessary choithe eniries and post them to the General Leden: 6. Prepare a pott-ciosing trial balance. General Journal Page 1 Date Account Titles and Description OFFICE FOIHPMFNT INCOME SUMMARY Rich's Accounting Service - Worksheet June, 20xx
