he bottom of the "accounting paper" pages.) All YOU MUST TURN IN ALL PAGES (nu pages must be STAPLED to ust be STAPLED together - I will not have a stapler in class. Use Pencil and a good eraser!!!!!!! PART II. REQUIREMENTS: on the first blank General Journal page and prepare the Adjusting Entries for the month of October based on the information below labeled i. - Vi. Complete the headings of the General Journal pages. Use the account names that are on the General Ledger accounts (General Ledger provided). These adjustments can all be dated October 31. The entity uses straight-line depreciation. Post all adjustments from the General Journal to the General Ledger accounts. So, at this point the adjustments will be posted on the same Ledger pages that you posted the transactions to, just as if it were a real set of books and records. When you post one line of the transaction, write the Account Number in the REF column of the GJ, and write the GJ-page in the REF column of the GL. Each time you post one line, repeat this process, it will help you keep track of what has been posted, and later if you need to check your work you will know where the number in the GL originated. Prepare an Adjusted Trial Balance. Include only accounts that have non-zero balances. The accounts should appear in the same order as in the GL. Make sure that all pages have appropriate headings (look at the examples in the textbook - Chapter 2 and/or other accounting textbooks). DO NOT prepare any closing entries!!! You will lose points on your Adjusted you include closing entries at this point. AC 300 - 01 Spring 2020 The following information is available related to adjusting entries prior to preparing financial statements for the corporation's first month: On Ocotber 31, Jane submitted the number of miles that she drove during the month to visit customers. Jane drove a total of 580 miles and is reimbursed at the rate of $0.50 per mile. Review the insurance policy and make any necessary adjusting entry. in. As of October 31, John Lee has not been paid for four days of work at $240 per day. The company's kitchen equipment is expected to have a five- year life. The entity uses straight-line depreciation. The company's office equipment is expected to have a five-year life. The entity uses straight-line depreciation. Review the Prepaid Rent account and make any necessary adjusting entries. Name Jane Distribution, Inc. Unadjusted Trial Balance 31-Oct-19 DEBIT CREDIT $ Cash Accounts Receivable Inventory_ Prepaid Insurance Prepaid Rent Office Equipment Kitchen Equipment Accounts Payable Common Stock Dividends 172,360 9,300 3,500 3,600 4,400 6,000 60,000 9,000 241,000 200 19,250 Sales Revenue Cost of Goods Sold Wages Expense Advertising Expense Repairs Expense - Computer 6,500 1,050 1,890 450 Totals 269,250 $ 269 250 Name Trial Balance he bottom of the "accounting paper" pages.) All YOU MUST TURN IN ALL PAGES (nu pages must be STAPLED to ust be STAPLED together - I will not have a stapler in class. Use Pencil and a good eraser!!!!!!! PART II. REQUIREMENTS: on the first blank General Journal page and prepare the Adjusting Entries for the month of October based on the information below labeled i. - Vi. Complete the headings of the General Journal pages. Use the account names that are on the General Ledger accounts (General Ledger provided). These adjustments can all be dated October 31. The entity uses straight-line depreciation. Post all adjustments from the General Journal to the General Ledger accounts. So, at this point the adjustments will be posted on the same Ledger pages that you posted the transactions to, just as if it were a real set of books and records. When you post one line of the transaction, write the Account Number in the REF column of the GJ, and write the GJ-page in the REF column of the GL. Each time you post one line, repeat this process, it will help you keep track of what has been posted, and later if you need to check your work you will know where the number in the GL originated. Prepare an Adjusted Trial Balance. Include only accounts that have non-zero balances. The accounts should appear in the same order as in the GL. Make sure that all pages have appropriate headings (look at the examples in the textbook - Chapter 2 and/or other accounting textbooks). DO NOT prepare any closing entries!!! You will lose points on your Adjusted you include closing entries at this point. AC 300 - 01 Spring 2020 The following information is available related to adjusting entries prior to preparing financial statements for the corporation's first month: On Ocotber 31, Jane submitted the number of miles that she drove during the month to visit customers. Jane drove a total of 580 miles and is reimbursed at the rate of $0.50 per mile. Review the insurance policy and make any necessary adjusting entry. in. As of October 31, John Lee has not been paid for four days of work at $240 per day. The company's kitchen equipment is expected to have a five- year life. The entity uses straight-line depreciation. The company's office equipment is expected to have a five-year life. The entity uses straight-line depreciation. Review the Prepaid Rent account and make any necessary adjusting entries. Name Jane Distribution, Inc. Unadjusted Trial Balance 31-Oct-19 DEBIT CREDIT $ Cash Accounts Receivable Inventory_ Prepaid Insurance Prepaid Rent Office Equipment Kitchen Equipment Accounts Payable Common Stock Dividends 172,360 9,300 3,500 3,600 4,400 6,000 60,000 9,000 241,000 200 19,250 Sales Revenue Cost of Goods Sold Wages Expense Advertising Expense Repairs Expense - Computer 6,500 1,050 1,890 450 Totals 269,250 $ 269 250 Name Trial Balance