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Fredricks's Consulting Services Trial Balance Month Ended Nov 3 0 , 2 0 X X ACCOUNT NAME DEBIT CREDIT 1 0 0 Cash 4 2
Fredricks's Consulting Services
Trial Balance
Month Ended Nov
ACCOUNT NAME DEBIT CREDIT
Cash
Accounts ReceivableReynolds
Accounts ReceivableAuto Plus
Supplies
Insurance Notes
The Equipment was purchased Jan. two years ago
Accumulated Depreciation Equipment has a useful life years
Accounts PayableJackson Inc.
Wages Payable The prepaid insurance was purchased Oct.
Revenue month policy. adjustments have been made.
Jack Fredrick, Capital
Jack Fredrick, Drawing The unearned revenue was prepaid Roman Inc.
Retained Earnings Oct. and covers months work.
Earned Revenue adjustments have been made.
Wages Expense
Utilities Expense
Supplies Expense
Rent Expense
Depreciation Expense
Insurance Expense
TOTAL
December business transactions
Dec Paid December rent $ with check #
Dec. Paid $ Jackson Inc. invoice from a previously recorded transaction with check #
Dec. Collected $ from Reynolds from a previous engagement November.
Dec Completed additional work for Auto Plus, sent invoice #a for $ due month.
Dec. Paid employee from work previously expensed Nov. with payment due Dec. using check #
Dec. Paid $ cover all utilities for the month Dec using check #
Dec. Completed $ worth work for a repeat customer who pays cash immediately.
Dec. Collected $ from Auto Plus from a previous engagement Nov.
Dec. Jack Fredrick, the owner, withdrew $ for personal use using check #
Dec. Our employee earned two weeks pay amounting $ paid Dec.
took vacation from Dec. Dec. pay will accrue
Dec. Completed a large job for Reynolds for $ Sent invoice # due Jan.
Dec. Collected $ from Reynolds pay off some their balance.
Dec. Paid our employee for the work expensed Dec. using check #
Dec. Purchased land a note for $ used for construction a new office building.
Land and Notes Payable will have account numbers and respectively.
Dec Dec. Owner took off the rest the year.
Adjustments with Part
The equipment was used for the third year.
Prepaid insurance was adjusted for OctDec usage.
Unearned revenue was updated show months work completed.
A final count supplies showed $ remaining.
Part instructions
Open the Excel attachment named fill template
Transfer the opening trial balance amounts the Accts.
Journal and post the Accts the December and adjusting transactions.
Total each Acct and provide the equation total the top the highlighted cells.
Check Figure The cash Acct final balance should $
detailed video overview can found within this assignment IvyLearn.
Part instructions
Using the feedback provided from your instructor the gradebook comments, update any incorrect items.
Prepare the Adjusted trial balance.
Prepare the Income Statement, Statement Retained Earnings, and the Balance Sheet.
Prepare the Closing journal entries and Postclosing trial balance.
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