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Comprehensive Problem ( Problem info and working papers ) table [ [ table [ [ Bob ' s Cleaning Services, Inc ] ,
Comprehensive Problem Problem info and working paperstabletableBobs Cleaning Services, IncIncome StatementFor the Month Ended July tableRevenues:tableExpenses:xxxx Bob opened Bobs Cleaning Services on July During July the company completed these transactions. July Bob invested $ cash in the business Purchased used truck for $ paying $ cash and the balance on account. Purchased cleaning supplies for $ on account. Paid $ cash on oneyear insurance policy effective July Billed customers for $ for cleaning services. Paid $ of amount owed on truck AND $ of the amount owed on cleaning supplies. Paid $ for employee salaries. Collected $ from customers previously billed on July Billed customers $ for cleaning services. Paid gasoline for the month on the truck, $ Declared and paid a $ cash dividend. Use this Chart of Accounts: Cash; Account Receivable; Supplies; Prepaid Insurance; Truck; Accumulated DepreciationTruck; Accounts Payable; Salaries Payable; Common Stock; Retained Earnings; Dividends; Income Summary; Service Revenue; Supplies Expense; Gasoline Expense; Depreciation Expense; Insurance Expense; Salaries Expense. Instructions: a Journalize AND Post the July transactions. b Prepare a TB Trial Balance at July on a worksheet Completed for you! Hint verify that YOUR posting $ amounts add up to this correct TB if your numbers dont match the TB FIX your journal entries and then post and recheck c Enter the following adjustments, AND total the ADJ columns, on the worksheet. c Unbilled and uncollected revenues for services performed at July were $ c Depreciation on the Truck for the month was $ c One month July of the year insurance policy was used up c An inventory count shows that $ of cleaning supplies remains unused as of July c Accrued, but unpaid, employee salaries were $ d Complete, including column totals, the INC ST and BAL SHT columns of the worksheet. e Prepare the Income Statement and a Classified Balance Sheet. f Journalize AND POST the Adjusting entries. g Journalize AND POST the Closing entries. h Prepare a PostClosing Trial Balance.
Comprehensive Problem Problem info and working paperstabletableBobs Cleaning Services, IncIncome StatementFor the Month Ended July tableRevenues:tableExpenses:xxxx
Bob opened Bobs Cleaning Services on July During July the company completed these transactions.
July Bob invested $ cash in the business
Purchased used truck for $ paying $ cash and the balance on account.
Purchased cleaning supplies for $ on account.
Paid $ cash on oneyear insurance policy effective July
Billed customers for $ for cleaning services.
Paid $ of amount owed on truck AND $ of the amount owed on cleaning supplies.
Paid $ for employee salaries.
Collected $ from customers previously billed on July
Billed customers $ for cleaning services.
Paid gasoline for the month on the truck, $
Declared and paid a $ cash dividend.
Use this Chart of Accounts: Cash; Account Receivable; Supplies; Prepaid Insurance; Truck; Accumulated DepreciationTruck; Accounts Payable; Salaries Payable; Common Stock; Retained Earnings; Dividends; Income Summary; Service Revenue; Supplies Expense; Gasoline Expense; Depreciation Expense; Insurance Expense; Salaries Expense.
Instructions:
a Journalize AND Post the July transactions.
b Prepare a TB Trial Balance at July on a worksheet Completed for you!
Hint verify that YOUR posting $ amounts add up to this correct TB if your numbers
dont match the TB FIX your journal entries and then post and recheck
c Enter the following adjustments, AND total the ADJ columns, on the worksheet.
c Unbilled and uncollected revenues for services performed at July were $
c Depreciation on the Truck for the month was $
c One month July of the year insurance policy was used up
c An inventory count shows that $ of cleaning supplies remains unused as of July
c Accrued, but unpaid, employee salaries were $
d Complete, including column totals, the INC ST and BAL SHT columns of the worksheet.
e Prepare the Income Statement and a Classified Balance Sheet.
f Journalize AND POST the Adjusting entries.
g Journalize AND POST the Closing entries.
h Prepare a PostClosing Trial Balance.
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