Date Description Amount Payable Rev. 3 4 Beginning Balances, January 1st Year 2 29,725 78. 15-Jan Paid employees for one month of work $ 30,539 6 164,231 7 39,022 8 Paid back the note payable in full, plus 1-Feb Interest, at a rate of 10% Performed half of the services for 15-Mar customer who paid in advance Issued additional common stock in 20-Jun exchange for cash Collected cash from customers for services 26-Jul previously performed 16-Aug Performed services for cash 16,211 9 86,730 10 304,268 11 236,099 12 20-Sep Performed services on account Performed remaining services for customer who paid in advance 7-Nov Paid for maintenance on equipment in cash 8-Oct 39,022 13 24,317 14 335,929 5,429 15-Dec Paid employee salaries 15 Paid a cash dividend to owners of the 30-Dec 16 business 17 December 31st Adjustments: Remaining three months of one-year a insurance policy were used up 18 A physical count of supplies at the end of b the year reveals all remaining supplies 19 were used The equipment is estimated to have a useful life of five years with no salvage value; depreciation must be recorded. The rented storage facility has been used d for twelve months 21 Employees have worked for half a month in the current year but won't be paid until 22 January 15 29 24 Ending Balances, December 31st Year 2 20 nr 1 Finan FO ant Alignment 15 Number F H N R 5 w Balance Sheet Assets Liabil Amount Accounts Receivable Cash Prepaid Insurance Unearned Service Revenue Prepaid Rent Supplies Accounts Payable Equipment Notes Payable 387928 56367 14,863 3,733 32,659 479374 29,725 78,044 149, 301 $ 30,539 164,231 39,022 16,211 86,730 304,261 236,099 39,022 24,317 135,929 5,425 1 th Year 1 - Ledger Year 1 - Financials Year 2 - Ledger Year 2 - Financials Share Comments Autosum 28 4 Insert Delote Format Conditional Format as Coll Formatting Table Styles Clear Sort & Find & Filter Select Data Analysis Analysis Cells Editing AD AN AT + tabilities Stockholder's Equity Notes Payable Comme Salaries Payable Interes Payable Retained Earnings Enter Bepenses as Positive Income Statement Arrunte Statement of Cash Flow 149, 101 15,20 7642 Laprene en Amount Activity 651 PM