DATE TRANSACTIONS Jan Purchased supplies for $14, adj Issued Check 2015 2 Purchased a year Insurance policy for $16,800. 17 Sold services for $30,000 in cash and $20,000 on credit during the first week of January 13 Collected a total of $8,00e an account for credit customers during the first week of Danuary, 13 Issued Check 1017 for $3,200 to pay for special promotional advertising to new businesses on the local radio station during the sonth. 13 Collected a total of $9,000 on account for credit customers during the second week of January 14 Returned supplies that were donaged for cash refund of $1,500. 15. Sold services for 541,400 In cash and $4,600 on credit during the second week of January. 20 Purchased supplies for $10,000 from White's, Inc. received Involce 2384 payable in 30 days. 20 Sold services for $25,000 in cash and $7,000 on credit during the third week of January 2 Collected a total of $11,200 on account for credit customers during the third week of January. 21 Issued Check 1018 for $14,10 to pay for maintenance work on the office equipsent. 22 Issued Check 1019 for $7.200 to pay for special promotional advertising to new businesses in the local newspaper 2 Received the monthly telephone bill for $2,ase and paid it with Check 1020 26 Collected a total of $3,200 on account from credit customers during the fourth week of January 22 Issued Check 1021 for $6,000 to Office Plus 45 payment on account for Invoice 2223. 28 Sent Check 1822 for $5,350 in payment of the monthly bill for utilities. 25 sold services for $38,000 in cash and $5,500 on credit during the fourth week of January. 31 Issued Checks 1823-1827 for $65.600 to pay the monthly salaries of the regular employees and three part-time workers. 31 Issued Check 1028 for $24,000 for personal use. 31 Issued Check 1029 for 58,00 to pay for maintenance services for the month 1 Purchased additional equipment for $30,000 from Contemporary Equipment Company issued Check 1030 for $20,000 and bought the rest on credit. The equipment has a five-year life and salvage value 31 Sold services for $15,200 In cash and 53.240 on credit on Drury 31, ADJUSTMENTS 31 Compute and record the adjustment for supplies used during the month. An Inventory taken on January 31shoved supplies of 59,400 on hand. 31 Compute and record the adjustment for expired insurance for the month 31 Record the adjustment for one month of expired rent of $4,000. 31 Record the adjustment for depreciation of $183 on the old equipment for the month. The first adjustment for depreciation for the new peent will be recorded in February Required: 1. General Ledger tab: Enter the account balances for January 1, 20x2 from the postclosing trial balance prepared on December 31, 20x1 which appears in Eure 6.3 2. General Journal tab Analyze each of the transactions listed for January and record it in the general journal. 3. General Ledger tab. Post the transactions to the general ledger accounts 4. Worksheet tab. Prepare the Trial Balance section of the worksheet 5. Worksheet tab Prepare the Adjustments section of the worksheet using the adjusting transactions. 6. Worksheet tab Complete the worksheet 7 Income Statement tab. Prepare an income statement for the month 8. Simt of OE tab Prepare a statement of owner's equity 9. Balance Sheet tab: Prepare a balance sheet 10. Adjusting and closing tab. Record the adjusting entries and the closing entries in the general Journal 11. General Ledger tab. Post the adjusting entries and the closing entries to the general ledger accounts 12. Post Closing tab. Prepare a postclosing trial balance. (PQ 1 of 1 !!! Next > che new equipment will be recorded Yebruary Halton depredlotton Required: 1. General Ledger tab: Enter the account balances for January 1, 20x2 from the postclosing trial balance prepared on December 31, 20x1, which appears in Egute 6.3 2. General Journal tab: Analyze each of the transactions listed for anuary and record it in the general Journal 3. General Ledger tab Post the transactions to the general ledger accounts 4. Worksheet tab: Prepare the Trial Balance section of the worksheet 5. Worksheet tab. Prepare the Adjustments section of the worksheet using the adjusting transactions. 6. Worksheet tab: Complete the worksheet 7. Income Statement tab: Prepare an income statement for the month. 8. Sumt of OE tab. Prepare a statement of owner's equity, 9. Balance Sheet tab: Prepare a balance sheet 10. Adjusting and Closing tab: Record the adjusting entries and the closing entries in the general journal 11. General Ledger tab: Post the adjusting entries and the closing entries to the general ledger accounts. 12. Post Closing tab: Prepare a postclosing trial balance. Analyze: Answer the questions on the Analyze tab to compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Figure 6.4. Complete this question by entering your answers in the tabs below. Requirement General Journal Adjusting and closing General Ledger Worksheet Incon Statement Suunto DE Bal Sheet Postdosing Analyze Analyze each of the transactions listed for January and record it in the general journal View transaction list Journal entry worksheet Purchased supplies for $14,000; issued Check 1015. Nate Enter debts before credits Prey 1 of 1 18 Next DATE TRANSACTIONS Jan Purchased supplies for $14, adj Issued Check 2015 2 Purchased a year Insurance policy for $16,800. 17 Sold services for $30,000 in cash and $20,000 on credit during the first week of January 13 Collected a total of $8,00e an account for credit customers during the first week of Danuary, 13 Issued Check 1017 for $3,200 to pay for special promotional advertising to new businesses on the local radio station during the sonth. 13 Collected a total of $9,000 on account for credit customers during the second week of January 14 Returned supplies that were donaged for cash refund of $1,500. 15. Sold services for 541,400 In cash and $4,600 on credit during the second week of January. 20 Purchased supplies for $10,000 from White's, Inc. received Involce 2384 payable in 30 days. 20 Sold services for $25,000 in cash and $7,000 on credit during the third week of January 2 Collected a total of $11,200 on account for credit customers during the third week of January. 21 Issued Check 1018 for $14,10 to pay for maintenance work on the office equipsent. 22 Issued Check 1019 for $7.200 to pay for special promotional advertising to new businesses in the local newspaper 2 Received the monthly telephone bill for $2,ase and paid it with Check 1020 26 Collected a total of $3,200 on account from credit customers during the fourth week of January 22 Issued Check 1021 for $6,000 to Office Plus 45 payment on account for Invoice 2223. 28 Sent Check 1822 for $5,350 in payment of the monthly bill for utilities. 25 sold services for $38,000 in cash and $5,500 on credit during the fourth week of January. 31 Issued Checks 1823-1827 for $65.600 to pay the monthly salaries of the regular employees and three part-time workers. 31 Issued Check 1028 for $24,000 for personal use. 31 Issued Check 1029 for 58,00 to pay for maintenance services for the month 1 Purchased additional equipment for $30,000 from Contemporary Equipment Company issued Check 1030 for $20,000 and bought the rest on credit. The equipment has a five-year life and salvage value 31 Sold services for $15,200 In cash and 53.240 on credit on Drury 31, ADJUSTMENTS 31 Compute and record the adjustment for supplies used during the month. An Inventory taken on January 31shoved supplies of 59,400 on hand. 31 Compute and record the adjustment for expired insurance for the month 31 Record the adjustment for one month of expired rent of $4,000. 31 Record the adjustment for depreciation of $183 on the old equipment for the month. The first adjustment for depreciation for the new peent will be recorded in February Required: 1. General Ledger tab: Enter the account balances for January 1, 20x2 from the postclosing trial balance prepared on December 31, 20x1 which appears in Eure 6.3 2. General Journal tab Analyze each of the transactions listed for January and record it in the general journal. 3. General Ledger tab. Post the transactions to the general ledger accounts 4. Worksheet tab. Prepare the Trial Balance section of the worksheet 5. Worksheet tab Prepare the Adjustments section of the worksheet using the adjusting transactions. 6. Worksheet tab Complete the worksheet 7 Income Statement tab. Prepare an income statement for the month 8. Simt of OE tab Prepare a statement of owner's equity 9. Balance Sheet tab: Prepare a balance sheet 10. Adjusting and closing tab. Record the adjusting entries and the closing entries in the general Journal 11. General Ledger tab. Post the adjusting entries and the closing entries to the general ledger accounts 12. Post Closing tab. Prepare a postclosing trial balance. (PQ 1 of 1 !!! Next > che new equipment will be recorded Yebruary Halton depredlotton Required: 1. General Ledger tab: Enter the account balances for January 1, 20x2 from the postclosing trial balance prepared on December 31, 20x1, which appears in Egute 6.3 2. General Journal tab: Analyze each of the transactions listed for anuary and record it in the general Journal 3. General Ledger tab Post the transactions to the general ledger accounts 4. Worksheet tab: Prepare the Trial Balance section of the worksheet 5. Worksheet tab. Prepare the Adjustments section of the worksheet using the adjusting transactions. 6. Worksheet tab: Complete the worksheet 7. Income Statement tab: Prepare an income statement for the month. 8. Sumt of OE tab. Prepare a statement of owner's equity, 9. Balance Sheet tab: Prepare a balance sheet 10. Adjusting and Closing tab: Record the adjusting entries and the closing entries in the general journal 11. General Ledger tab: Post the adjusting entries and the closing entries to the general ledger accounts. 12. Post Closing tab: Prepare a postclosing trial balance. Analyze: Answer the questions on the Analyze tab to compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Figure 6.4. Complete this question by entering your answers in the tabs below. Requirement General Journal Adjusting and closing General Ledger Worksheet Incon Statement Suunto DE Bal Sheet Postdosing Analyze Analyze each of the transactions listed for January and record it in the general journal View transaction list Journal entry worksheet Purchased supplies for $14,000; issued Check 1015. Nate Enter debts before credits Prey 1 of 1 18 Next
