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Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. General Ledger Account

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. General Ledger Account Data is not available until journal entries have been entered. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. 'ou may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box elow. Your choice will determine the reported values on the financial statement tabs. On April 1, Hao Lee created a new travel agency, Lee Travel. The following transactions occurred during the company's first mont April 2 Lee invested $40,000 cash and computer equipment worth $12,600 in the company. April 3 The company rented furnished office space by paying $2,000 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,520 cash for a 12 -month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,820 cash for two weeks' salaries earned by employees. April 24 The company collected $12,000 cash for commissions revenue. April 28 The company paid $1,820 cash for two weeks' salaries earned by employees. April 29 The company paid $500 cash for minor repairs to computer equipment. April 30 The company paid $500 cash for this month's telephone bill. April 30 Lee withdrew $1,900 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $140 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $210. d. Employees earned $728 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,850 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet 4567819 Lee invested $40,000 cash and computer equipment worth $12,600 in the company. Note: Enter debits before credits. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The unadjusted or adjusted balances will appear for each account, based on your selection. Note: Selecting Post-Closing will only display ending capital. Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. General Ledger Account Data is not available until journal entries have been entered. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. 'ou may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop-down box elow. Your choice will determine the reported values on the financial statement tabs. On April 1, Hao Lee created a new travel agency, Lee Travel. The following transactions occurred during the company's first mont April 2 Lee invested $40,000 cash and computer equipment worth $12,600 in the company. April 3 The company rented furnished office space by paying $2,000 cash for the first month's (April) rent. April 4 The company purchased $1,600 of office supplies for cash. April 10 The company paid $2,520 cash for a 12 -month insurance policy. Coverage begins on April 11 . April 14 The company paid $1,820 cash for two weeks' salaries earned by employees. April 24 The company collected $12,000 cash for commissions revenue. April 28 The company paid $1,820 cash for two weeks' salaries earned by employees. April 29 The company paid $500 cash for minor repairs to computer equipment. April 30 The company paid $500 cash for this month's telephone bill. April 30 Lee withdrew $1,900 cash from the company for personal use. Information for month-end adjustments follows: a. Prepaid insurance of $140 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $210. d. Employees earned $728 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,850 of commissions revenue that is not yet recorded at month-end. Journal entry worksheet 4567819 Lee invested $40,000 cash and computer equipment worth $12,600 in the company. Note: Enter debits before credits. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The unadjusted or adjusted balances will appear for each account, based on your selection. Note: Selecting Post-Closing will only display ending capital

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