Dec 1 st Paid December rent of $ 2 , 1 4 7 with check 8 0 1 Dec 2 nd Paid $ 1 , 6 4 5 on Jackson s Inc invoice from a previously recorded transaction with check 8 0 2 Dec 3 rd Collected $ 8 8 5 from Reynolds Co from a previous engagement in November Dec 4 th Completed additional work for Auto Plus, sent invoice Sp 2 4 a for $ 1 , 3 6 7 due in 1 month Dec 5 th Paid employee from work previously expensed in Nov with payment due Dec 5 th using check 8 0 3 Dec 8 th Paid $ 1 , 3 3 3 to cover all utilities for the month of Dec using check 8 0 4 Dec 9 th Completed $ 5 7 4 worth of work for a repeat customer who pays cash immediately Dec 1 0 th Collected $ 9 2 2 from Auto Plus from a previous engagement in Nov Dec 1 1 th Jack Fredrick, the owner, withdrew $ 3 , 2 8 7 for personal use using check 8 0 5 Dec 1 2 th Our employee earned two weeks of pay amounting to $ 1 , 7 4 5 , to be paid Dec 2 3 rd employee took vacation from Dec 1 5 th Dec 3 1 st No pay will accrue Dec 1 5 th Completed a large job for Reynolds Co for $ 1 2 , 3 8 7 Sent invoice Sp 2 4 b due Jan 3 1 st Dec 1 6 nd Collected $ 5 , 9 3 2 from Reynolds to pay off some of their balance Dec 2 2 md Paid our employee for the work expensed Dec 1 2 th using check 8 0 6 Dec 2 3 rd Purchased land on a note for $ 2 1 , 1 4 1 to be used for construction of a new office building Land and Notes Payable will have account numbers of 1 5 0 and 2 4 0 , respectively Dec 2 4 th Dec 3 1 st Owner took off the rest of the year Adjustments ( due with Part 1 ) 1 The equipment was used for the third year 2 Prepaid insurance was adjusted for Oct Dec usage ( cont pg 2 ) 3 Unearned revenue was updated to show 3 months of work completed 4 A final count of supplies showed $ 3 2 2 remaining 1 Using the feedback provided from your instructor in the gradebook comments, update any incorrect items 2 Prepare the Adjusted trial balance 3 Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet 4 Prepare the Closing journal entries and Post closing trial balance

Question

Dec 1 st Paid December rent of $ 2 , 1 4 7 with check   8 0 1   Dec  2 nd Paid $ 1 , 6 4 5 on Jackson s Inc  invoice from a previously recorded transaction with check   8 0 2   Dec  3 rd Collected $ 8 8 5 from Reynolds Co   from a previous engagement in November  Dec 4 th Completed additional work for Auto Plus, sent invoice  Sp 2 4 a for $ 1 , 3 6 7 due in 1 month  Dec  5 th Paid employee from work previously expensed in Nov  with payment due Dec  5 th using check   8 0 3   Dec  8 th   Paid $ 1 , 3 3 3 to cover all utilities for the month of Dec using check   8 0 4   Dec  9 th   Completed $ 5 7 4 worth of work for a repeat customer who pays cash immediately  Dec  1 0 th   Collected $ 9 2 2 from Auto Plus from a previous engagement in Nov  Dec  1 1 th   Jack Fredrick, the owner, withdrew $ 3 , 2 8 7 for personal use using check   8 0 5   Dec  1 2 th   Our employee earned two weeks of pay amounting to $ 1 , 7 4 5 , to be paid Dec  2 3 rd     employee took vacation from Dec  1 5 th   Dec  3 1 st   No pay will accrue   Dec  1 5 th Completed a large job for Reynolds Co   for $ 1 2 , 3 8 7   Sent invoice  Sp 2 4 b due Jan  3 1 st   Dec  1 6 nd Collected $ 5 , 9 3 2 from Reynolds to pay off some of their balance  Dec  2 2 md Paid our employee for the work expensed Dec  1 2 th using check   8 0 6   Dec  2 3 rd   Purchased land on a note for $ 2 1 , 1 4 1 to be used for construction of a new office building  Land and Notes Payable will have account numbers of 1 5 0 and 2 4 0 , respectively  Dec 2 4 th   Dec  3 1 st Owner took off the rest of the year  Adjustments ( due with Part 1 ) 1   The equipment was used for the third year  2   Prepaid insurance was adjusted for Oct   Dec usage  ( cont   pg 2 ) 3   Unearned revenue was updated to show 3 months of work completed  4   A final count of supplies showed $ 3 2 2 remaining   1   Using the feedback provided from your instructor in the gradebook comments, update any incorrect items  2   Prepare the Adjusted trial balance  3   Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet  4   Prepare the Closing journal entries and Post   closing trial balance

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Dec 1 st Paid December rent of $ 2 , 1 4 7 with check # 8 0 1 . Dec. 2 nd Paid $

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