f 5.91 Com A Question 1: Journal Entries and Adjusting Entries (27 martes) 2 James Nicol graduated from the NAIT photography program in 2011 and started as Photography buiten 3 Photo Success Corp, for Social Media Marketing campagna in Sansary, 4 Rag Date Wow 5 Transaction be tamila Gonna 6 1-Jan Photo Success Corpinued 11,000 common shares for 400.000 cash 7 8 9 10 1.Jan Photo Success Corp purchased Photography Equipment for 530000. The equipment wa puchonding $30,000 cash the remaining balance was on account Photo Succes Corp's accountant la demand tutte baking equipment will all have a weful life of eight years and a residual value of $10,000 11 12 HUMU 13 1-Jan Photo Success Corp.zook out a loan from the bank for 5150,000. The loan inputs pracipum $11,000 at the end of each month and 3% interest 14 15 16 1 Jan Photo Success Corp paid $4.800 for an insurance policy on the photo equport for pedry ML to December 31, 2022 17 Question toutes now Question 1 Journal Entries Cover Sheet ModeAutomatic Workbook Substies 16 1-Jan 17 Prato Success Corp pad 54859 fot in insatz gehity on the press querest in the gallery 1.301 to December 31, 2012 W 5-Jan 20 Pacto Success Corp puched upplies fre 5980 cash 121 22 2 6-1 an After a real social media campaigs Poste Sizes Cory bad a facteurs per a lepotie pictography to be completed Juary to February St. Cat alaced in the 23 Photo Success Corp completed photogel duced benefit 3! Phes Seascar Cappadtartere Questionnaire Wood 18-Jan 26 Photo Success Corp completed photography vervices and serviced the cutomer S. for the work 27 28 30-Jan 29 Photo Success Corp paid for the remaining amount owing on the equipment purchased en lanary VIS 30 31 31 Jan Adjusting items Made the necessary mouthed adjusting entry related to be depreciation of the peopruhy oppont 32 33 34 31.Jan Made the necessary mouth end adjusting entry related to the state polis 35 DES 36 37 1130 31-Jan Completed half of the work for the local restaurant that paid a deposit on January 38 Actes 39 40 est istogt you motors bogel Gates $%9Cerchi wa w 1 2 Required Record the journal entries for the transactions (to the left) and abipusing items wing the presented journal provided below "Responses should only be recorded in the cells that are blue. Green cells can be vied to show calculations for the adjusting jounal entries General Journal 3 4 Date Account Titles 112021 Debit Credit 9 1/1 2021 10 11 12 1/1 2021 13 14 15 1/1 2021 16 17 Question 1 Bonus Questionnement Question 1 Journal Entries Cover Sheet > Workbook Statistics greement using Office! Weve made some points to the DMC sering to give you more tros. Todo o te os are support to ove been added 3. Merge Certe S-% Corbeeld mee met een berehe Gel Learn more H14 A B 2 Required: What is the asset balance on June 30, 2020? Use a pivot table to determine this amount and enter the amount in the blue cell only. Bomus (2 marks) TRANSACTION ANALYSIS COMPLETED BY ACCOUNTANT D 3 3 And Bag Accounts Impacted Type of Account Increase or Decrease Debit/Credit Amount 5 Cash 6 Common Shares 7 Utilities Expense Asset Common Shares Expense Asset 8 Cash 9 Service Revenue 10 Cash 11 Inventory Increase Increase Increase Decrease Increase Debit Credit Debit Credit Credit Debit Debit Credit Debit Credit Revenue Asset Asset Asset Expense Liability Asset 80,000 80,000 4.000 (4.000 100,000 100,000 8.000 15.000 12 Cash 13 Wages Expense 14 Wages Payable 15 Accounts Receivable 16 Service Revenue Increase Increase Decrease Increase Increase Increase Increase 6.000 6.000 21.000 21.000 16.000 (6.000) Debit Credit Debit Credit Revenue Liability Asset Decrease Decrease 17 Wages Payable 18 Cash 19 20 Questions for et stor f 5.91 Com A Question 1: Journal Entries and Adjusting Entries (27 martes) 2 James Nicol graduated from the NAIT photography program in 2011 and started as Photography buiten 3 Photo Success Corp, for Social Media Marketing campagna in Sansary, 4 Rag Date Wow 5 Transaction be tamila Gonna 6 1-Jan Photo Success Corpinued 11,000 common shares for 400.000 cash 7 8 9 10 1.Jan Photo Success Corp purchased Photography Equipment for 530000. The equipment wa puchonding $30,000 cash the remaining balance was on account Photo Succes Corp's accountant la demand tutte baking equipment will all have a weful life of eight years and a residual value of $10,000 11 12 HUMU 13 1-Jan Photo Success Corp.zook out a loan from the bank for 5150,000. The loan inputs pracipum $11,000 at the end of each month and 3% interest 14 15 16 1 Jan Photo Success Corp paid $4.800 for an insurance policy on the photo equport for pedry ML to December 31, 2022 17 Question toutes now Question 1 Journal Entries Cover Sheet ModeAutomatic Workbook Substies 16 1-Jan 17 Prato Success Corp pad 54859 fot in insatz gehity on the press querest in the gallery 1.301 to December 31, 2012 W 5-Jan 20 Pacto Success Corp puched upplies fre 5980 cash 121 22 2 6-1 an After a real social media campaigs Poste Sizes Cory bad a facteurs per a lepotie pictography to be completed Juary to February St. Cat alaced in the 23 Photo Success Corp completed photogel duced benefit 3! Phes Seascar Cappadtartere Questionnaire Wood 18-Jan 26 Photo Success Corp completed photography vervices and serviced the cutomer S. for the work 27 28 30-Jan 29 Photo Success Corp paid for the remaining amount owing on the equipment purchased en lanary VIS 30 31 31 Jan Adjusting items Made the necessary mouthed adjusting entry related to be depreciation of the peopruhy oppont 32 33 34 31.Jan Made the necessary mouth end adjusting entry related to the state polis 35 DES 36 37 1130 31-Jan Completed half of the work for the local restaurant that paid a deposit on January 38 Actes 39 40 est istogt you motors bogel Gates $%9Cerchi wa w 1 2 Required Record the journal entries for the transactions (to the left) and abipusing items wing the presented journal provided below "Responses should only be recorded in the cells that are blue. Green cells can be vied to show calculations for the adjusting jounal entries General Journal 3 4 Date Account Titles 112021 Debit Credit 9 1/1 2021 10 11 12 1/1 2021 13 14 15 1/1 2021 16 17 Question 1 Bonus Questionnement Question 1 Journal Entries Cover Sheet > Workbook Statistics greement using Office! Weve made some points to the DMC sering to give you more tros. Todo o te os are support to ove been added 3. Merge Certe S-% Corbeeld mee met een berehe Gel Learn more H14 A B 2 Required: What is the asset balance on June 30, 2020? Use a pivot table to determine this amount and enter the amount in the blue cell only. Bomus (2 marks) TRANSACTION ANALYSIS COMPLETED BY ACCOUNTANT D 3 3 And Bag Accounts Impacted Type of Account Increase or Decrease Debit/Credit Amount 5 Cash 6 Common Shares 7 Utilities Expense Asset Common Shares Expense Asset 8 Cash 9 Service Revenue 10 Cash 11 Inventory Increase Increase Increase Decrease Increase Debit Credit Debit Credit Credit Debit Debit Credit Debit Credit Revenue Asset Asset Asset Expense Liability Asset 80,000 80,000 4.000 (4.000 100,000 100,000 8.000 15.000 12 Cash 13 Wages Expense 14 Wages Payable 15 Accounts Receivable 16 Service Revenue Increase Increase Decrease Increase Increase Increase Increase 6.000 6.000 21.000 21.000 16.000 (6.000) Debit Credit Debit Credit Revenue Liability Asset Decrease Decrease 17 Wages Payable 18 Cash 19 20 Questions for et stor