General Ledger
You have decided to open a dog walking company. Happy Pets was incorporated on January 1st, 2019. The business maintains a real per ore, providing gourmet dog food and treats, and also provides a full range of pet care services, including grooming, dog walking, and boarding During the year, your company engages in many business transactions. Download the Excel spreadsheet Happy Pets Inc. for your company in the module folder. The spreadsheet includes the following tabi Units Unit Cost 170 January 1st February 8th March 1st March 31st April 1st April 10th May 15th May 30th - June 1st June 30th 395,000 4.250 200 13480 22.000 1.540 11,020 12,625 380 29 954 100,000 14,522 May 25th July 31st Common stock is issued in exchange for cash in the amount of The company purchases and pays for 170 units of gourmet dog food at a price of $25 per unit........ The company pays cash for a one-year insurance policy in the amount of Rent on a retail space for 12 months is paid in the amount of .. Grooming and boarding equipment with a useful life of 2 years is purchased for cash in the amount of Grooming supplies purchased on account in the amount of .... The company purchases and pays for another 380 units of gourmet dog food at price of $29 per unit..... Grooming services are performed on account in the amount of ..... The company pays for advertisements to be run for the next 12 months in the amount of The company issues a 5-year notes payable with their bank for $100,000 and interest at an annual rate of 6%. Interest is due on June 30th each year and the principal will be paid in full at the end of the 5 year period Dog walking services are performed on account in the amount of ... 105 units of gourmet dog food are sold for $70 per unit with terms 2/10,n/30. The sale is recorded using the gross method in the amount of (see note c for cost flow assumptions). Boarding services are provided on account in the amount of ... The company receives full payment from the customer for the July 31st sale.... Pet sitting services are performed on account in the amount of ...... Customer payments are received for services previously provided in the amount of 100 units of gourmet dog food are sold for $73 per unit with terms 2/10,n/30. The sale is recorded using the net method in the amount of ....... The company receives payment for half of the October 13th sale... Equipment origieny purchased on April 1st for $2400 is sold for $2000 cash A bookkeeper is hired to help the company with daily accounting taxes and annual tax preparation The bookkeeper is paid $4,500 for the previous month's services -105 29 August 2nd August 6th September 15th September 29th October 13th 7,350 6,380 7,203 6,345 1.350 7,300 3,650 -100 29 October 29th November 1st November 15th December 15th 4,500 G Additional information u ppies en and the end of the month are The year endance reported at the end of the your face lowance for the count best o ftanding a nd of the year 6. The Companyes perpetua m foto in the In- Outcom flowmption. December conteni tory reveals that there w a s of dog Al s recebed in the reported to th is end I made the end of the year for d e t, deprecand The per passary of the 15th of every month The company e v idence of 70 for the year mwing ine a n d we expense All the expenses, other than and instepense, we considered g l adiminutive PARTA Prepare altri forectric e above (with descrip Postuma enties to the general de Hepatan di bance Prepare all necessary i m al entries with deceptions and post to the general ledger Prepare an adjusted trial balance on December 31 Prepare doing entries, post to the general leder, and carryforwand balances J y Ist of the next Prepare the following financi e ros December not income taxe Income Statement t e mple 52 estbook) h Sument of Schede Equity Balance Sheet (closed d. Sortement of Culos indictmethod) Includes to any of your company and include the industry w Refer to Yahoo Finance companie financial site to locate industry w as for your company. Calculate t liquidity, Solvency, and profitabdy, and provide explains what it means to the company e Chapter in the textbook pages 128 - 135 and Chapter 4 in the textbook 193 - 19 Rename de Paris and amit your completed project online h e changer ASSETS Cash Accounts Receivable Allowance for Doubtful Accounts ... ONNEN NOW Prepaid Insurance Supplies Prepaid Rent Inventory Prepaid Advertising Equipment Accumulated Depreciation B 1x ASSIS PaR ST STOCKHOLDERS' EQUITY V LIABILITIES Accounts Payable Dividends Payable Common Stock Salaries Payable TEMPORARY ACCOUNTS Service Revenue Advertising Expense Insurance Expense Rent Expense Cash Discounts Supplies Expense Cost of Goods Sold Depreciation Expense Bad Debt Expense Salaries Expense Interest Expense Gain on Sale of Equipment Dividends You have decided to open a dog walking company. Happy Pets was incorporated on January 1st, 2019. The business maintains a real per ore, providing gourmet dog food and treats, and also provides a full range of pet care services, including grooming, dog walking, and boarding During the year, your company engages in many business transactions. Download the Excel spreadsheet Happy Pets Inc. for your company in the module folder. The spreadsheet includes the following tabi Units Unit Cost 170 January 1st February 8th March 1st March 31st April 1st April 10th May 15th May 30th - June 1st June 30th 395,000 4.250 200 13480 22.000 1.540 11,020 12,625 380 29 954 100,000 14,522 May 25th July 31st Common stock is issued in exchange for cash in the amount of The company purchases and pays for 170 units of gourmet dog food at a price of $25 per unit........ The company pays cash for a one-year insurance policy in the amount of Rent on a retail space for 12 months is paid in the amount of .. Grooming and boarding equipment with a useful life of 2 years is purchased for cash in the amount of Grooming supplies purchased on account in the amount of .... The company purchases and pays for another 380 units of gourmet dog food at price of $29 per unit..... Grooming services are performed on account in the amount of ..... The company pays for advertisements to be run for the next 12 months in the amount of The company issues a 5-year notes payable with their bank for $100,000 and interest at an annual rate of 6%. Interest is due on June 30th each year and the principal will be paid in full at the end of the 5 year period Dog walking services are performed on account in the amount of ... 105 units of gourmet dog food are sold for $70 per unit with terms 2/10,n/30. The sale is recorded using the gross method in the amount of (see note c for cost flow assumptions). Boarding services are provided on account in the amount of ... The company receives full payment from the customer for the July 31st sale.... Pet sitting services are performed on account in the amount of ...... Customer payments are received for services previously provided in the amount of 100 units of gourmet dog food are sold for $73 per unit with terms 2/10,n/30. The sale is recorded using the net method in the amount of ....... The company receives payment for half of the October 13th sale... Equipment origieny purchased on April 1st for $2400 is sold for $2000 cash A bookkeeper is hired to help the company with daily accounting taxes and annual tax preparation The bookkeeper is paid $4,500 for the previous month's services -105 29 August 2nd August 6th September 15th September 29th October 13th 7,350 6,380 7,203 6,345 1.350 7,300 3,650 -100 29 October 29th November 1st November 15th December 15th 4,500 G Additional information u ppies en and the end of the month are The year endance reported at the end of the your face lowance for the count best o ftanding a nd of the year 6. The Companyes perpetua m foto in the In- Outcom flowmption. December conteni tory reveals that there w a s of dog Al s recebed in the reported to th is end I made the end of the year for d e t, deprecand The per passary of the 15th of every month The company e v idence of 70 for the year mwing ine a n d we expense All the expenses, other than and instepense, we considered g l adiminutive PARTA Prepare altri forectric e above (with descrip Postuma enties to the general de Hepatan di bance Prepare all necessary i m al entries with deceptions and post to the general ledger Prepare an adjusted trial balance on December 31 Prepare doing entries, post to the general leder, and carryforwand balances J y Ist of the next Prepare the following financi e ros December not income taxe Income Statement t e mple 52 estbook) h Sument of Schede Equity Balance Sheet (closed d. Sortement of Culos indictmethod) Includes to any of your company and include the industry w Refer to Yahoo Finance companie financial site to locate industry w as for your company. Calculate t liquidity, Solvency, and profitabdy, and provide explains what it means to the company e Chapter in the textbook pages 128 - 135 and Chapter 4 in the textbook 193 - 19 Rename de Paris and amit your completed project online h e changer ASSETS Cash Accounts Receivable Allowance for Doubtful Accounts ... ONNEN NOW Prepaid Insurance Supplies Prepaid Rent Inventory Prepaid Advertising Equipment Accumulated Depreciation B 1x ASSIS PaR ST STOCKHOLDERS' EQUITY V LIABILITIES Accounts Payable Dividends Payable Common Stock Salaries Payable TEMPORARY ACCOUNTS Service Revenue Advertising Expense Insurance Expense Rent Expense Cash Discounts Supplies Expense Cost of Goods Sold Depreciation Expense Bad Debt Expense Salaries Expense Interest Expense Gain on Sale of Equipment Dividends
