Geo, Incorporated had the following account balances on January 1, Year 2: Accounts Payable $ 722 Accounts Receivable 2,100 Cash 2,100 Common Stock 20,000 Equipment 2,700 Notes Payable 4,000 Retained Earnings 4,286 Salaries and Wages Expense 4,600 Supplies 1,420 During January, Year 2. Geo entered into the following transactions: A. Paid $722 on account for utilities that were used during December, Year 1. B. Purchased $478 of supplies for cash. C. Signed a rental agreement for office space and paid $5,700 in advance for six months of rent beginning February 1, Year 2. D. Purchased $17,000 of new equipment, signing a promissory note. E. Provided $31.500 of services $20,500 was received in cash and $11,000 was provided on credit F. Paid workers $7,000 for work done in January Required: Prepare journal entries for each of the above January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Be sure to enter beginning balances. Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the above January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the above January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry for $478 of supplies bought for cash. Note: Enter debits before credits General Journal Transaction B Debit Credit Record entry Clear entry View general Journal General de TAccounts > Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the above January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the entry for $5,700 paid towards office rent in space to be used for next six months beginning February 1. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal A Tour TAccounts > Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the above January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the above January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 6 Record the entry for services provided for $31,500. $20,500 was received in cash, and $11,000 was provided on credit. Note: Enter debits before credits Transaction E General Journal Debit Credit Record entry Clear entry View general Journal Deme T Accounts > Complete this question by entering your answers in the tabs below. General T Accounts Journal Prepare journal entries for each of the above January activities. (Ir no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry for payment made to workers $7,000 for work done in January Note: Enter debits before credits General Journal Dobit Credit Transaction F Record entry Clear entry View general journal Broms TAccounts > General Journal T Accounts Post results to the relevant T-accounts. Compute the ending balance of each T-account. Be sure to enter beginning balances. Cash Accounts Receivable Debit Credit Credit Beginning Balance Beginning Balance Debit Ending Balance Ending Balance Supplies Prepaid Rent Debit Beginning Balance Credit Debit Beginning Balance Credit Ending Balance Ending Balance Equipment Accounts Payablo Debit Beginning Balance Credit Debit Beginning Balance Credit Ending Balance Ending Balance Notes Payable Common Stock Debit Beginning Balance Credit Debit Beginning Balance Credit Ending Balance Ending Balance Retained Earnings Service Revenue Debit Beginning Balance Credit Debit Beginning Balance Credit Ending Balance Ending Balance Salaries and Wages Expense Debit Credit Beginning Balance Ending Balance General Journal
