Complete all the accounting for a company for a one month period.

Do all Journal Pages, Ledger Pages, Spreadsheet, Financial Statements (3), and Post Closing Trial Balance

For the past several years, Dustin Larkin has operated a part-time consulting business form his home. As of April 1, 20x1, Dustin decided to move to rented quarters and to operate the business, which is to be known as Quixote Consulting, on a full-time basis. He has hired you to do his accounting since he needs to know about how well his business is doing, his ownership amount, and what the future of his business looks like. Quixote Consulting entered into the following transactions during May its first month (next page). QUIXOTE CONSULTING CHART OF ACCOUNTS OWNER'S EQUITY 311 DUSTIN LARKIN, CAPITAL 312 DUSTIN LARKIN, DRAWING ASSETS 111 CASH 112 ACCOUNTS RECEIVABLE 113 SUPPLIES 114 PREPAID RENT 115 PREPAID INSURANCE 150 OFFICE EQUIPMENT 151 ACC. DEPR. - OFFICE EQUIPMENT 160 FURNITURE & FIXTURES 161 ACC. DEPR. - FURNITURE & FIXTURES REVENUE 411 CONSULTING FEES EARNED 412 VENDING MACHINE REVENUE LIABILITIES 211 ACCOUNTS PAYABLE 212 SALARIES PAYABLE 213 UNEARNED CONSULTING FEES 250 NOTES PAYABLE, LONG TERM EXPENSES 511 SALARY EXPENSE 512 RENT EXPENSE 513 SUPPLIES EXPENSE 520 DEPRECIATON EXPENSE - OFFICE EQ. DEPRECIATION EXPENSE - F&F 530 INSURANCE EXPENSE 599 MISCELLANEOUS EXPENSE 521 Directions: DO THESE IN ORDER!!! 1. The ledger should include each of the accounts from the Chart of Accounts, inspect the leger 2. Journalize each transaction in May posting daily next page). At the end of the month, prepare an Unadjusted Trial Balance in the worksheet. The following data was accumulated for month end adjustments: (a) Supplies on hand, $1,020. (b) Insurance expired, $150. (c) Salaries unpaid, 2 days of the weekly salaries of $375. (d) Depreciation of office equipment, $300. (e) Depreciation of furniture and foxtures, $200. (0) Rent expired this month, $1,500. (9) Unearned fees remaining at month end, $2,000. (h) Accrued consulting fees for May, $2,000. Finish the manual worksheet. 6. Prepare the Financial Statements for the month of May 20X1 including a Classified Balance Sheet. 7. Journalize and post the Adjusting Entries. 8. Journalize and post the Closing Entries. 9. Prepare the Post-Closing Trial Balance For the past several years, Dustin Larkin has operated a part-time consulting business form his home. As of April 1, 20x1, Dustin decided to move to rented quarters and to operate the business, which is to be known as Quixote Consulting, on a full-time basis. He has hired you to do his accounting since he needs to know about how well his business is doing, his ownership amount, and what the future of his business looks like. Quixote Consulting entered into the following transactions during May its first month (next page). QUIXOTE CONSULTING CHART OF ACCOUNTS OWNER'S EQUITY 311 DUSTIN LARKIN, CAPITAL 312 DUSTIN LARKIN, DRAWING ASSETS 111 CASH 112 ACCOUNTS RECEIVABLE 113 SUPPLIES 114 PREPAID RENT 115 PREPAID INSURANCE 150 OFFICE EQUIPMENT 151 ACC. DEPR. - OFFICE EQUIPMENT 160 FURNITURE & FIXTURES 161 ACC. DEPR. - FURNITURE & FIXTURES REVENUE 411 CONSULTING FEES EARNED 412 VENDING MACHINE REVENUE LIABILITIES 211 ACCOUNTS PAYABLE 212 SALARIES PAYABLE 213 UNEARNED CONSULTING FEES 250 NOTES PAYABLE, LONG TERM EXPENSES 511 SALARY EXPENSE 512 RENT EXPENSE 513 SUPPLIES EXPENSE 520 DEPRECIATON EXPENSE - OFFICE EQ. DEPRECIATION EXPENSE - F&F 530 INSURANCE EXPENSE 599 MISCELLANEOUS EXPENSE 521 Directions: DO THESE IN ORDER!!! 1. The ledger should include each of the accounts from the Chart of Accounts, inspect the leger 2. Journalize each transaction in May posting daily next page). At the end of the month, prepare an Unadjusted Trial Balance in the worksheet. The following data was accumulated for month end adjustments: (a) Supplies on hand, $1,020. (b) Insurance expired, $150. (c) Salaries unpaid, 2 days of the weekly salaries of $375. (d) Depreciation of office equipment, $300. (e) Depreciation of furniture and foxtures, $200. (0) Rent expired this month, $1,500. (9) Unearned fees remaining at month end, $2,000. (h) Accrued consulting fees for May, $2,000. Finish the manual worksheet. 6. Prepare the Financial Statements for the month of May 20X1 including a Classified Balance Sheet. 7. Journalize and post the Adjusting Entries. 8. Journalize and post the Closing Entries. 9. Prepare the Post-Closing Trial Balance