Hello,

I am sorry, I know this is a very long problem, but I would like to check if I am doing my work correctly. I have some trouble with some areas, especially naming accounts and dealing with certain debits and credits. Your assistance and guidance would be appreciated. :) Thank you so much in advance!

Please note, numerical number before each transaction represents the "Source Document Number" documented (as shown in the images).

TRANSACTIONS:

1. Memo 1 initial investment in business by Adrian Martinez
2. South Atlantic Computers invoice 1131 for purchase of personal computer with editing software and hardware upgrade
3. Dannys News Stand issue check 102 for purchase of all local papers
4. Coastal Copy Center invoice 602 for copying of marketing flyers check 103
5. Memo 2 from Danielle Sloane check 104 issued for one months rent on the studio
6. Miami News Service statement check 105 issued for advertising
7. Memo 3 an additional investment in the business by Adrian Martinez
8. Surfside Post Office postage costs for athletic department mailings issued check 106
9. Invoice 101 to Nicolas DeCilla for DeCilla/Boles wedding. Receipt 1 from Nicolas DeCilla deposit for the DeCilla/Boles wedding (first of three payments)
10. Invoice 102 to Glastre Art Gallery for Opening Video Shoot. Receipt 2 from Glastre Art Gallery deposit for opening video shoot (first of two payments)
11. Memo 4 from Danielle Sloane weekly cash check

Journal:

General Ledger:

Adjusted Trial Balance, Trial Balance, Income Statement, Owner's Equity, Balance Sheet:

TRANSACTIONS: 12. Tropical Video invoice 2105 - for purchase of video production equipment. Issue check 107 13. Receipt 3 from the Glastre Gallery for video shoot - unedited DVD's delivered (final payment) 14. Dade Discount Video invoice 1602 - for purchase of DVD's. Issue check 108 15. Memo 5 - check 109 issued for purchase of wireless microphone 16. Invoice 103 to Arthur Stein for DVD of Golden Anniversary 17. Receipt 4 from Arthur Stein deposit for Stein Golden Anniversary 18. Invoice Hallendale High School athletic department - for home game baseball video shoots 19. Florida United Insurance statement - check 110 issued to prepay video and computer equipment insurance for 3 months 20. Receipt 5 from Nicolas DeCilla for DeCilla/Boles wedding - video shoot completed (second of three payments) 21. Receipt 6 - cash sales of DVD duplicates of DeCilla/Boles wedding 22. Memo 6 -checks 111-112 issued to pay wages expense 23. Memo 7 - from Danielle Sloane - weekly cash check 24. Islander Audio Systems invoice 7083 - for purchase of studio audio equipment 25. Miami Daily News statement - check 113 issued for advertising in sports section 26. Receipt 7 from Nicolas DeCilla for DeCilla/Boles wedding - final edited DVD delivered (third of three payments) 27. Coral Reef Video invoice 222 - for multiple duplicate DVD copies of DeCilla/Boles wedding. Issue Check 114. 28. Memo 8 - cash refund for returned supplies 29. Receipt 8 from Arthur Stein for Stein Golden Anniversary - video shoot completed (second of three payments) 30. Receipt 9 - cash sale of DVD duplicates of DeCilla/Boles wedding digital master 31. Surfside Post Office - postage costs for mailing DVD's of DeCilla/Boles wedding. Issue check 115 32. Memo 9 - check 116 issued for SUV maintenance 33. Receipt 10 - cash from Glastre Art Gallery for editing 5-minute marketing video of opening 34. Memo 10 - from Danielle Sloane - weekly cash check 44. Memo 13 - Checks 122-123 issued to pay wages expense 45. Miami Department of Water and Power statement - check 124 issued for utilities expense 46. Invoice 105 for Correa/Wilson Wedding 47. Receipt 14 and check from Gabriel Correa for Correa/Wilson Wedding - deposit (first of three payments) 48. Coral Reef Video invoice - for multiple duplicate DVD copies of Sipowicz Golden Anniversary. Check 125 issued 49. Memo 14 - from Danielle Sloane - weekly cash check 50. Memo 15 - end-of-month activities Week 1, Source Document 1 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 1 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 2, 20- SUBJECT: Business Investment I have invested personal savings of $8,500 in the business by opening a checking account for Action Video Productions at Florida National Bank. Danielle Sloane has entered the $8,500 cash as the beginning balance in the checkbook. Please record the journal entry in the general journal. Week 1, Source Document 2 South Atlantic Computers Received computer package today. INVOICE Pay $2,100.00 today 6/2/20--. 323 Via Solana Boulevard Subsequent payments are as follows. North Miami Beach, FL 33162 $1,370 due June 28, $1,370 due July 28, balance due August 28. AM Date: June 2, 20 -- To Action Video Productions Invoice No.: 1131 2433 Atlantic Ave., Suite 311 Terms: 90 days Surfside, FL 33154 Shipped By: Pick-Up Quantity Unit Price $ 2,100.00 Total $ 2,100.00 1 2 1 (included) 2,000.00 2,000.00 1 1 1 Item Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) Hard Disk 40GB Drives Matrix capture card for MPEG 2 compression with editing software package Additional color monitor Pair computer speakers AC stabilizer Work table SUBTOTAL Issued check #101 for $2,100. - DS 6% Sales Tax TOTAL 300.00 60.00 150.00 175.00 1 300.00 60.00 150.00 175.00 $ 4,785.00 287.10 $ 5,072.10 CA 2017 M. LAI T. 11 wilt von Week 1, Source Document 3 INVOICE Danny's News Stand 4338 Collins Avenue Surfside, FL 33154 Date: June 2, 20 -- 1250 Invoice No.: BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20 -- and charge to Miscellaneous Expense. AM CHARGES DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers 20 newspapers, per agreement 6% sales tax OTAL DUE: $ 20.00 1.20 $ 21.20 Issued check #102 for $21.20. - DS Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 INVOICE Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @.07 per copy 6% sales tax TOTAL AMOUNT DUE: $ 135.00 35.00 10.20 $ 180,20 Issued check #103. -DS Week 1, Source Document 5 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 2 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 4, 20- SUBJECT: Rent I issued check #104 payable to Highland Realtors for $975.00. This covers the rent on the studio for the month of June. Please make the necessary journal entry. Week 1, Source Document 6 STATEMENT MIAMI NEWS SERVICE 2232 Drexel Drive Miami Beach, FL 33139 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/4/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For placement of 1-inch ads in monthly marriage announcement sections of 10 weekly community newspapers (June issues). TOTAL AMOUNT DUE: $ 450.00 Issued check #105 for $450.00. - DS Week 1, Source Document 7 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 3 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 5, 20- SUBJECT: Additional Investment I have decided to invest my sports utility vehicle in the business. The current market value is $23,540.00. Please record this transaction in the general journal. Week 1, Source Document 8 RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 5, 20 - AMOUNT: $28.00 I paid cash for athletic department mailings. Please reimburse me and enter in the general journal. - AM Issued check #106 for $28.00. -DS THANK YOU Week 1, Source Document 9 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 5, 20 -- Invoice No.: S101 SOLD TO: Nicolas De Cilla 1246 Avenida Via Lido Bal Harbor, FL 33139 DATE 6/5/20 -- DESCRIPTION Videography of DeCilla/Boles Wedding CHARGES $ 1,950.00 Payable in three equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 1 Date: June 5, 20 - $650.00 Received from: Nicolas Decilla Six hundred fifty and no/100--- Dollars For: Deposit for videography of Decilla/Boles wedding Received by: AM Week 1, Source Document 10 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 5, 20 -- Invoice No.: S102 SOLD TO: Glastre Art Gallery 3666 Blanchard Boulevard Coral Gables, FL 33134 CHARGES DATE 6/5/20 -- DESCRIPTION Videography of Glastre Art Gallery grand opening and delivery of unedited digital master DVDs $ 600.00 Payable in two equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 2 Date: June 5, 20 - Received from: Glastre Art Gallery Three hundred and no/100-- $300.00 Dollars For: Deposit for videography of grand opening of gallery Received by: Adrian Martinez Week 1, Source Document 3 INVOICE Danny's News Stand 4338 Collins Avenue Surfside, FL 33154 Date: June 2, 20 -- 1250 Invoice No.: BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20 -- and charge to Miscellaneous Expense. AM CHARGES DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers 20 newspapers, per agreement 6% sales tax OTAL DUE: $ 20.00 1.20 $ 21.20 Issued check #102 for $21.20. - DS Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 INVOICE Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @.07 per copy 6% sales tax TOTAL AMOUNT DUE: $ 135.00 35.00 10.20 $ 180,20 Issued check #103. -DS Week 2, Source Document 13 L ACTION VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20 - Received from: Glastre Art Gallery Three hundred and no/100--- $300.00 Dollars For: Second installment for video shoot of art gallery opening, and delivery of unedited digital master file. Received by: AM Week 2, Source Document 14 INVOICE Dade Discount Video 345 East 45th Street Hialeah, FL 33010 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 9, 20 -- Invoice No.: 1602 Terms: Net 60 days Shipped By: For Pick-Up Item Quantity 10 Unit Price $ 30.00 Total $ 300.00 Blank DVD's SUBTOTAL 6% Sales Tax TOTAL $ 300.00 18.00 $ 318.00 Picked up DVD stock today. Paid with company check #108. AM Week 2, Source Document 15 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 5 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 9, 20- SUBJECT: Purchase Reimbursement I paid $550.00 for a used wireless microphone set with a check from my personal account. Please write a check payable to me for reimbursement. Issued check #109 for $550.00. - DS Week 2, Source Document 16 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 10, 20 Invoice No.: S103 SOLD TO: Arnold Stein 3252 Orange Blossom Lane Miami Beach, FL 33139 DATE 6/10/20 -- DESCRIPTION Videography of Golden Anniversary CHARGES $ 1,500.00 Payable in three equal installments J Week 2, Source Document 17 ACTION VIDEO PRODUCTIONS RECEIPT No. 4 Date: June 10, 20-- Received from: Arnold Stein Five hundred and no/100- $500.00 Dollars For: Deposit for video shoot of the Arnold Stein Golden Anniversary (first of three payments) Received by: AM Week 2, Source Document 18 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 11, 20 -- Invoice No.: S104 SOLD TO: Hallendale High School Athletic Department 442 West 12th Street Fort Lauderdale, FL 33301 DATE DESCRIPTION 6/11/20 -- Videography of two home baseball games: 2 @ $515 CHARGES $ 1,030.00 Payable upon delivery of unedited videos Week 2, Source Document 19 BILLING STATEMENT Florida United Insurance 3131 Nueva Corona Avenue Miami Beach, FL 33140 305-555-2111 Date: June 11, 20 -- Due: Upon Receipt BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE 6/1/20-- to 8/30/20-- DESCRIPTION Business liability coverage for period beginning June 1, 20 -- and ending August 30, 20 -- See attached policy. AMOUNT DUE: $ 756.00 Issued check #110 for $756. -DS Week 2, Source Document 20 ACTION VIDEO PRODUCTIONS RECEIPT No. 5 Date: June 12, 20 -- $650.00 Received from: Nicolas Decilla Six hundred fifty and no/100- Dollars For: On account for Decilla/Boles wedding Received by: AM Week 2, Source Document 21 ACTION VIDEO PRODUCTIONS RECEIPT No. 6 Date: June 12, 20 -- Received from: Cash Sale Four hundred fifty and no/100- $450.00 Dollars For: DVD duplicates of Decilla/Boles wedding Received by: AM Week 2, Source Document 22 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 6 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 15, 20- SUBJECT: Employee Wages Danielle Sloane issued checks 111 and 112 to pay the employee wages for the last two-week period. The total amount of the two checks was $750.00. Please make the necessary journal entry recording this expense and use "Checks 111 and 112" as your source document reference. Week 2, Source Document 13 L ACTION VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20 - Received from: Glastre Art Gallery Three hundred and no/100--- $300.00 Dollars For: Second installment for video shoot of art gallery opening, and delivery of unedited digital master file. Received by: AM Week 2, Source Document 14 INVOICE Dade Discount Video 345 East 45th Street Hialeah, FL 33010 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 9, 20 -- Invoice No.: 1602 Terms: Net 60 days Shipped By: For Pick-Up Item Quantity 10 Unit Price $ 30.00 Total $ 300.00 Blank DVD's SUBTOTAL 6% Sales Tax TOTAL $ 300.00 18.00 $ 318.00 Picked up DVD stock today. Paid with company check #108. AM Week 3, Source Document 25 Miami Daily News 1237 Federal Boulevard Miami Beach, FL 33139 STATEMENT Date: June 16, 20 -- BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/16/20 . AM CHARGES DATE 6/16/20-- DESCRIPTION For advertisement placed in Sunday sports section TOTAL AMOUNT DUE: $ 174.00 Issued check #113 for $154.00. - DS Week 3, Source Document 26 ACTION VIDEO PRODUCTIONS RECEIPT No. 7 Date: June 17, 20 -- Received from: Nicolas Decilla Six hundred fifty and no/100- $650.00 Dollars For: Final payment for edited DVD's of DeCilla/Boles wedding Received by: AM Week 3, Source Document 27 Coral Reef Video 6288 Bridger Boulevard Fort Lauderdale, FL 33301 INVOICE Please write a check today, 6/18 for $44.52. AM Date: June 17, 20 -- Invoice No.: 222 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity 14 Unit Price $ 3.00 Total $ 42.00 Item Duplicate DVD's from digital master With labels reading: "Nicolas and Angela Decilla, Wedding Day June 12, 20" SUBTOTAL 6% Sales Tax TOTAL $ 42.00 2.52 $ 44.52 Issued check #114 for $44.52. - DS Week 3, Source Document 28 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 8 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 18, 20 SUBJECT: Cash Refund I received and deposited $46.64 in cash from Dade Discount Video for a returned defective DVD. Please make the necessary general journal entry. Week 3, Source Document 29 ACTION VIDEO PRODUCTIONS RECEIPT No. 8 Date: June 19, 20 -- Received from: Arnold Stein Five hundred and no/100-- $500.00 Dollars For: Payment on account for Stein Golden Anniversary Received by: AM Week 3, Source Document 30 ACTION VIDEO PRODUCTIONS RECEIPT No. 9 Date: June 19, 20 -- Received from: Nicolas Decilla Three hundred fifty and no/100- $350.00 Dollars For: $350.00 (14 @ $25) DVD duplicates of Decilla wedding digital master Received by: AM Week 3, Source Document 31 RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 19, 20 - AMOUNT: $24.60 Paid cash for Decilla/Boles wedding DVD mailing. Please reimburse me and enter in general journal. - AM Issued check #115 for $24.60. DS THANK YOU Week 3, Source Document 32 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 9 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 19, 20 SUBJECT: SUV maintenance reimbursement I paid $42.50 for an oil change for the sports utility vehicle. Please make a check payable to me for reimbursement. Issued check #116 for $42.50. --DS Week 3, Source Document 33 ACTION VIDEO PRODUCTIONS RECEIPT No. 10 Date: June 19, 20 -- Received from: Cash Sales Two hundred and no/100-- $200.00 Dollars For: Editing 5-minute marketing video of the Glastre Art Gallery opening. Cash received from Jamal N'Komo. Received by: AM Week 3, Source Document 34 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 10 TO: Accounting Clerk FROM: Danielle Sloan DATE: June 22, 20 SUBJECT: Cash Balance The checkbook cash balance is $5,682.62. Please verify this balance with the balance in the general ledger Cash account as of 6/22/20 --. Week 4, Source Document 35 ACTION VIDEO PRODUCTIONS RECEIPT No. 11 Date: June 23, 20 -- Received from: Hallendale High School Athletic Dept. One thousand thirty and no/100---- $1,030.00 Dollars For: Delivery of unedited DVD's of two baseball games. Received by: AM Week 4, Source Document 36 Southern Florida Telephone STATEMENT 2211 Federal Boulevard Miami Beach, FL 33139 Please write a check today 6/24 for utilities. AM BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 23, 20 -- Due: Upon Receipt DESCRIPTION CHARGES DATE 6/1/20- to 6/15/20-- Local business service Long distance service $ 32.20 9.86 AMOUNT DUE: $ 42.06 Issued check #117 for $42.06. -DS Week 4, Source Document 37 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 11 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 25, 20- SUBJECT: Cash Withdrawal Please write a check for $400.00 payable to me for personal use. Issued check #118 for $400.00 - DS Week 4, Source Document 38 STATEMENT South Atlantic Computers 343 Via Solana Boulevard North Miami Beach, FL 33162 Date: June 26, 20 -- BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE 6/26/20- DESCRIPTION For computer package, hard drives, software package, additional color monitor, speakers, AC stabilizer, and work table Subsequent payments, per agreement TOTAL DUE: $ 1,370.00 $ 1,370.00 Issued check #119 for $1,370.00-DS Week 4, Source Document 39 ACTION VIDEO PRODUCTIONS RECEIPT No. 12 Date: June 26, 20 -- Received from: Arnold Stein Five hundred and no/100- $500.00 Dollars For: Final payment and delivery of edited DVD of the Arnold Stein Golden Anniversary Received by: AM Week 4, Source Document 40 INVOICE Universal Music Library 12334 Ventura Boulevard Studio City, CA 91604 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 27, 20 -- Invoice No.: 2108 Terms: COD Shipped By: UPS CHARGES DATE 6/27/20-- DESCRIPTION For CD library of royalty free music (10 CDs) TOTAL AMOUNT DUE: $ 600.00 Issued check #120 for $600.00-DS Week 4, Source Document 41 L INVOICE Al's Video Repair 6946 Andrews Avenue North Miami Beach, FL 33162 Date: June 27, 20 -- Invoice No.: 8237 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE DESCRIPTION 6/27/20-- For cleaning sand from video camera TOTAL AMOUNT DUE: $ 55.00 Issued check #121 for $55.00-DS Week 4, Source Document 42 ACTION VIDEO PRODUCTIONS RECEIPT No. 13 Date: June 27, 20 -- Received from: Cash Sale Two hundred forty-five and no/100- $245.00 Dollars For: Edit of 15-minute flubbed-play gag reel for Drexel Jackson, coach of Hallendale High varsity basketball. Received by: AM Week 4, Source Document 43 L ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 12 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 28, 20 SUBJECT: Cash Balance The checkbook cash balance is $4,990.56 Please verify this balance with the balance in the general ledger Cash account as of 6/28/20--. Week 5, Source Document 44 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 13 TO: Accounting clerk FROM: Adrian Martinez DATE: June 29, 20 SUBJECT: Employee Wages Danielle Sloane issued checks #122 and 123 to pay the employee wages for the last 2-week period. The total amount of the two checks was $690.00. Please make the necessary journal entry recording this expense and use "Checks 122 and 123" as your source document reference. Week 5, Source Document 45 STATEMENT Miami Department of Water and Power 334 Saxon Street North Miami Beach, FL 33162 Date: June 29, 20 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 DESCRIPTION CHARGES DATE 6/29/20 For utilities expense TOTAL DUE: $ 143.80 Issued check #124. 6/29/20--. - DS Week 5, Source Document 46 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 29, 20 -- Invoice No.: S105 Gabriel Correa SOLD TO: 5230 Wallace Place Hollywood, FL 33320 DATE DESCRIPTION 6/29/20 -- Videography of Correa/Wilson Wedding CHARGES $ $1,800.00 Payable in three installments Week 5, Source Document 47 ACTION VIDEO PRODUCTIONS RECEIPT No. 14 Date: June 29, 20 -- Received from: Gabriel Correa Six hundred and no/100- $600.00 Dollars For: Deposit for videography of Correa/Wilson wedding Received by: AM Week 5, Source Document 48 INVOICE Coral Reef Video 6288 Bridger Boulevard Fort Lauderdale, FL 33301 Please write a check today. 6/29 for $48.23 AM To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity 13 Unit Price $ 3.50 Total $ 45.50 Item Duplicate DVD's from digital master With labels reading: "Stein, Golden Anniversary June 29, 20" SUBTOTAL 6% Sales Tax TOTAL $ 45.50 2.73 $ 48.23 Week 5, Source Document 49 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 14 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 30, 20 SUBJECT: Cash Balance The checkbook cash balance is $4,708.53. Please verify this balance with the balance in the general ledger Cash account as of 6/30/20--. Week 5, Source Document 50 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 15 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 30, 20 SUBJECT: End of Month Activities 1) Complete a ten-column worksheet. Use the following information to complete the adjustments section: a. Supplies on hand $156.00 b. Unexpired Insurance $504.00 c. Depreciation is computed using the straight-line method. * i. Computer equipment has an estimated life of 3 years (36 months) with no salvage value. ii. The SUV has an estimated life of 5 years (60 months) with a $1,700 salvage value. iii. Equipment has an estimated life of 3 years (36 months) with no salvage value. Note: Ignore equipment purchased after the 10th of the month. These are not depreciated until the following month. 2) Prepare an income statement, statement of owner's equity, and balance sheet. 3) Journalize and post the adjusting entries. 4) Journalize and post the closing entries. 5) Prepare a peststesing trial balance. *Round answers to the nearest dollar. DATE DESCRIPTION DEBIT CREDIT POST. REF. 110 1 8 5 0 0 00 2017 | 2 Cash June Martinez, Capital 2 310 8 50 2 10: 3 Memo 1 Beginning Investment wl 4 4 5 5 6 6 ACCOUNT Cash DATE DESCRIPTION POST REF. DEBIT ACCOUNT NO-110 BALANCE CREDIT DEBIT CREDIT B 5 b b bo 12 Cash U1 B 5 lolo 100 2017 June ACCOUNT NAME DEBIT CREDIT TRANSACTIONS: 12. Tropical Video invoice 2105 - for purchase of video production equipment. Issue check 107 13. Receipt 3 from the Glastre Gallery for video shoot - unedited DVD's delivered (final payment) 14. Dade Discount Video invoice 1602 - for purchase of DVD's. Issue check 108 15. Memo 5 - check 109 issued for purchase of wireless microphone 16. Invoice 103 to Arthur Stein for DVD of Golden Anniversary 17. Receipt 4 from Arthur Stein deposit for Stein Golden Anniversary 18. Invoice Hallendale High School athletic department - for home game baseball video shoots 19. Florida United Insurance statement - check 110 issued to prepay video and computer equipment insurance for 3 months 20. Receipt 5 from Nicolas DeCilla for DeCilla/Boles wedding - video shoot completed (second of three payments) 21. Receipt 6 - cash sales of DVD duplicates of DeCilla/Boles wedding 22. Memo 6 -checks 111-112 issued to pay wages expense 23. Memo 7 - from Danielle Sloane - weekly cash check 24. Islander Audio Systems invoice 7083 - for purchase of studio audio equipment 25. Miami Daily News statement - check 113 issued for advertising in sports section 26. Receipt 7 from Nicolas DeCilla for DeCilla/Boles wedding - final edited DVD delivered (third of three payments) 27. Coral Reef Video invoice 222 - for multiple duplicate DVD copies of DeCilla/Boles wedding. Issue Check 114. 28. Memo 8 - cash refund for returned supplies 29. Receipt 8 from Arthur Stein for Stein Golden Anniversary - video shoot completed (second of three payments) 30. Receipt 9 - cash sale of DVD duplicates of DeCilla/Boles wedding digital master 31. Surfside Post Office - postage costs for mailing DVD's of DeCilla/Boles wedding. Issue check 115 32. Memo 9 - check 116 issued for SUV maintenance 33. Receipt 10 - cash from Glastre Art Gallery for editing 5-minute marketing video of opening 34. Memo 10 - from Danielle Sloane - weekly cash check 44. Memo 13 - Checks 122-123 issued to pay wages expense 45. Miami Department of Water and Power statement - check 124 issued for utilities expense 46. Invoice 105 for Correa/Wilson Wedding 47. Receipt 14 and check from Gabriel Correa for Correa/Wilson Wedding - deposit (first of three payments) 48. Coral Reef Video invoice - for multiple duplicate DVD copies of Sipowicz Golden Anniversary. Check 125 issued 49. Memo 14 - from Danielle Sloane - weekly cash check 50. Memo 15 - end-of-month activities Week 1, Source Document 1 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 1 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 2, 20- SUBJECT: Business Investment I have invested personal savings of $8,500 in the business by opening a checking account for Action Video Productions at Florida National Bank. Danielle Sloane has entered the $8,500 cash as the beginning balance in the checkbook. Please record the journal entry in the general journal. Week 1, Source Document 2 South Atlantic Computers Received computer package today. INVOICE Pay $2,100.00 today 6/2/20--. 323 Via Solana Boulevard Subsequent payments are as follows. North Miami Beach, FL 33162 $1,370 due June 28, $1,370 due July 28, balance due August 28. AM Date: June 2, 20 -- To Action Video Productions Invoice No.: 1131 2433 Atlantic Ave., Suite 311 Terms: 90 days Surfside, FL 33154 Shipped By: Pick-Up Quantity Unit Price $ 2,100.00 Total $ 2,100.00 1 2 1 (included) 2,000.00 2,000.00 1 1 1 Item Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) Hard Disk 40GB Drives Matrix capture card for MPEG 2 compression with editing software package Additional color monitor Pair computer speakers AC stabilizer Work table SUBTOTAL Issued check #101 for $2,100. - DS 6% Sales Tax TOTAL 300.00 60.00 150.00 175.00 1 300.00 60.00 150.00 175.00 $ 4,785.00 287.10 $ 5,072.10 CA 2017 M. LAI T. 11 wilt von Week 1, Source Document 3 INVOICE Danny's News Stand 4338 Collins Avenue Surfside, FL 33154 Date: June 2, 20 -- 1250 Invoice No.: BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20 -- and charge to Miscellaneous Expense. AM CHARGES DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers 20 newspapers, per agreement 6% sales tax OTAL DUE: $ 20.00 1.20 $ 21.20 Issued check #102 for $21.20. - DS Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 INVOICE Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @.07 per copy 6% sales tax TOTAL AMOUNT DUE: $ 135.00 35.00 10.20 $ 180,20 Issued check #103. -DS Week 1, Source Document 5 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 2 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 4, 20- SUBJECT: Rent I issued check #104 payable to Highland Realtors for $975.00. This covers the rent on the studio for the month of June. Please make the necessary journal entry. Week 1, Source Document 6 STATEMENT MIAMI NEWS SERVICE 2232 Drexel Drive Miami Beach, FL 33139 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/4/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For placement of 1-inch ads in monthly marriage announcement sections of 10 weekly community newspapers (June issues). TOTAL AMOUNT DUE: $ 450.00 Issued check #105 for $450.00. - DS Week 1, Source Document 7 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 3 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 5, 20- SUBJECT: Additional Investment I have decided to invest my sports utility vehicle in the business. The current market value is $23,540.00. Please record this transaction in the general journal. Week 1, Source Document 8 RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 5, 20 - AMOUNT: $28.00 I paid cash for athletic department mailings. Please reimburse me and enter in the general journal. - AM Issued check #106 for $28.00. -DS THANK YOU Week 1, Source Document 9 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 5, 20 -- Invoice No.: S101 SOLD TO: Nicolas De Cilla 1246 Avenida Via Lido Bal Harbor, FL 33139 DATE 6/5/20 -- DESCRIPTION Videography of DeCilla/Boles Wedding CHARGES $ 1,950.00 Payable in three equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 1 Date: June 5, 20 - $650.00 Received from: Nicolas Decilla Six hundred fifty and no/100--- Dollars For: Deposit for videography of Decilla/Boles wedding Received by: AM Week 1, Source Document 10 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 5, 20 -- Invoice No.: S102 SOLD TO: Glastre Art Gallery 3666 Blanchard Boulevard Coral Gables, FL 33134 CHARGES DATE 6/5/20 -- DESCRIPTION Videography of Glastre Art Gallery grand opening and delivery of unedited digital master DVDs $ 600.00 Payable in two equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 2 Date: June 5, 20 - Received from: Glastre Art Gallery Three hundred and no/100-- $300.00 Dollars For: Deposit for videography of grand opening of gallery Received by: Adrian Martinez Week 1, Source Document 3 INVOICE Danny's News Stand 4338 Collins Avenue Surfside, FL 33154 Date: June 2, 20 -- 1250 Invoice No.: BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20 -- and charge to Miscellaneous Expense. AM CHARGES DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers 20 newspapers, per agreement 6% sales tax OTAL DUE: $ 20.00 1.20 $ 21.20 Issued check #102 for $21.20. - DS Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 INVOICE Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20--, -AM CHARGES DATE 6/3/20 -- DESCRIPTION For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @.07 per copy 6% sales tax TOTAL AMOUNT DUE: $ 135.00 35.00 10.20 $ 180,20 Issued check #103. -DS Week 2, Source Document 13 L ACTION VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20 - Received from: Glastre Art Gallery Three hundred and no/100--- $300.00 Dollars For: Second installment for video shoot of art gallery opening, and delivery of unedited digital master file. Received by: AM Week 2, Source Document 14 INVOICE Dade Discount Video 345 East 45th Street Hialeah, FL 33010 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 9, 20 -- Invoice No.: 1602 Terms: Net 60 days Shipped By: For Pick-Up Item Quantity 10 Unit Price $ 30.00 Total $ 300.00 Blank DVD's SUBTOTAL 6% Sales Tax TOTAL $ 300.00 18.00 $ 318.00 Picked up DVD stock today. Paid with company check #108. AM Week 2, Source Document 15 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 5 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 9, 20- SUBJECT: Purchase Reimbursement I paid $550.00 for a used wireless microphone set with a check from my personal account. Please write a check payable to me for reimbursement. Issued check #109 for $550.00. - DS Week 2, Source Document 16 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 10, 20 Invoice No.: S103 SOLD TO: Arnold Stein 3252 Orange Blossom Lane Miami Beach, FL 33139 DATE 6/10/20 -- DESCRIPTION Videography of Golden Anniversary CHARGES $ 1,500.00 Payable in three equal installments J Week 2, Source Document 17 ACTION VIDEO PRODUCTIONS RECEIPT No. 4 Date: June 10, 20-- Received from: Arnold Stein Five hundred and no/100- $500.00 Dollars For: Deposit for video shoot of the Arnold Stein Golden Anniversary (first of three payments) Received by: AM Week 2, Source Document 18 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 11, 20 -- Invoice No.: S104 SOLD TO: Hallendale High School Athletic Department 442 West 12th Street Fort Lauderdale, FL 33301 DATE DESCRIPTION 6/11/20 -- Videography of two home baseball games: 2 @ $515 CHARGES $ 1,030.00 Payable upon delivery of unedited videos Week 2, Source Document 19 BILLING STATEMENT Florida United Insurance 3131 Nueva Corona Avenue Miami Beach, FL 33140 305-555-2111 Date: June 11, 20 -- Due: Upon Receipt BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE 6/1/20-- to 8/30/20-- DESCRIPTION Business liability coverage for period beginning June 1, 20 -- and ending August 30, 20 -- See attached policy. AMOUNT DUE: $ 756.00 Issued check #110 for $756. -DS Week 2, Source Document 20 ACTION VIDEO PRODUCTIONS RECEIPT No. 5 Date: June 12, 20 -- $650.00 Received from: Nicolas Decilla Six hundred fifty and no/100- Dollars For: On account for Decilla/Boles wedding Received by: AM Week 2, Source Document 21 ACTION VIDEO PRODUCTIONS RECEIPT No. 6 Date: June 12, 20 -- Received from: Cash Sale Four hundred fifty and no/100- $450.00 Dollars For: DVD duplicates of Decilla/Boles wedding Received by: AM Week 2, Source Document 22 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 6 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 15, 20- SUBJECT: Employee Wages Danielle Sloane issued checks 111 and 112 to pay the employee wages for the last two-week period. The total amount of the two checks was $750.00. Please make the necessary journal entry recording this expense and use "Checks 111 and 112" as your source document reference. Week 2, Source Document 13 L ACTION VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20 - Received from: Glastre Art Gallery Three hundred and no/100--- $300.00 Dollars For: Second installment for video shoot of art gallery opening, and delivery of unedited digital master file. Received by: AM Week 2, Source Document 14 INVOICE Dade Discount Video 345 East 45th Street Hialeah, FL 33010 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 9, 20 -- Invoice No.: 1602 Terms: Net 60 days Shipped By: For Pick-Up Item Quantity 10 Unit Price $ 30.00 Total $ 300.00 Blank DVD's SUBTOTAL 6% Sales Tax TOTAL $ 300.00 18.00 $ 318.00 Picked up DVD stock today. Paid with company check #108. AM Week 3, Source Document 25 Miami Daily News 1237 Federal Boulevard Miami Beach, FL 33139 STATEMENT Date: June 16, 20 -- BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/16/20 . AM CHARGES DATE 6/16/20-- DESCRIPTION For advertisement placed in Sunday sports section TOTAL AMOUNT DUE: $ 174.00 Issued check #113 for $154.00. - DS Week 3, Source Document 26 ACTION VIDEO PRODUCTIONS RECEIPT No. 7 Date: June 17, 20 -- Received from: Nicolas Decilla Six hundred fifty and no/100- $650.00 Dollars For: Final payment for edited DVD's of DeCilla/Boles wedding Received by: AM Week 3, Source Document 27 Coral Reef Video 6288 Bridger Boulevard Fort Lauderdale, FL 33301 INVOICE Please write a check today, 6/18 for $44.52. AM Date: June 17, 20 -- Invoice No.: 222 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity 14 Unit Price $ 3.00 Total $ 42.00 Item Duplicate DVD's from digital master With labels reading: "Nicolas and Angela Decilla, Wedding Day June 12, 20" SUBTOTAL 6% Sales Tax TOTAL $ 42.00 2.52 $ 44.52 Issued check #114 for $44.52. - DS Week 3, Source Document 28 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 8 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 18, 20 SUBJECT: Cash Refund I received and deposited $46.64 in cash from Dade Discount Video for a returned defective DVD. Please make the necessary general journal entry. Week 3, Source Document 29 ACTION VIDEO PRODUCTIONS RECEIPT No. 8 Date: June 19, 20 -- Received from: Arnold Stein Five hundred and no/100-- $500.00 Dollars For: Payment on account for Stein Golden Anniversary Received by: AM Week 3, Source Document 30 ACTION VIDEO PRODUCTIONS RECEIPT No. 9 Date: June 19, 20 -- Received from: Nicolas Decilla Three hundred fifty and no/100- $350.00 Dollars For: $350.00 (14 @ $25) DVD duplicates of Decilla wedding digital master Received by: AM Week 3, Source Document 31 RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 19, 20 - AMOUNT: $24.60 Paid cash for Decilla/Boles wedding DVD mailing. Please reimburse me and enter in general journal. - AM Issued check #115 for $24.60. DS THANK YOU Week 3, Source Document 32 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 9 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 19, 20 SUBJECT: SUV maintenance reimbursement I paid $42.50 for an oil change for the sports utility vehicle. Please make a check payable to me for reimbursement. Issued check #116 for $42.50. --DS Week 3, Source Document 33 ACTION VIDEO PRODUCTIONS RECEIPT No. 10 Date: June 19, 20 -- Received from: Cash Sales Two hundred and no/100-- $200.00 Dollars For: Editing 5-minute marketing video of the Glastre Art Gallery opening. Cash received from Jamal N'Komo. Received by: AM Week 3, Source Document 34 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 10 TO: Accounting Clerk FROM: Danielle Sloan DATE: June 22, 20 SUBJECT: Cash Balance The checkbook cash balance is $5,682.62. Please verify this balance with the balance in the general ledger Cash account as of 6/22/20 --. Week 4, Source Document 35 ACTION VIDEO PRODUCTIONS RECEIPT No. 11 Date: June 23, 20 -- Received from: Hallendale High School Athletic Dept. One thousand thirty and no/100---- $1,030.00 Dollars For: Delivery of unedited DVD's of two baseball games. Received by: AM Week 4, Source Document 36 Southern Florida Telephone STATEMENT 2211 Federal Boulevard Miami Beach, FL 33139 Please write a check today 6/24 for utilities. AM BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 23, 20 -- Due: Upon Receipt DESCRIPTION CHARGES DATE 6/1/20- to 6/15/20-- Local business service Long distance service $ 32.20 9.86 AMOUNT DUE: $ 42.06 Issued check #117 for $42.06. -DS Week 4, Source Document 37 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 11 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 25, 20- SUBJECT: Cash Withdrawal Please write a check for $400.00 payable to me for personal use. Issued check #118 for $400.00 - DS Week 4, Source Document 38 STATEMENT South Atlantic Computers 343 Via Solana Boulevard North Miami Beach, FL 33162 Date: June 26, 20 -- BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE 6/26/20- DESCRIPTION For computer package, hard drives, software package, additional color monitor, speakers, AC stabilizer, and work table Subsequent payments, per agreement TOTAL DUE: $ 1,370.00 $ 1,370.00 Issued check #119 for $1,370.00-DS Week 4, Source Document 39 ACTION VIDEO PRODUCTIONS RECEIPT No. 12 Date: June 26, 20 -- Received from: Arnold Stein Five hundred and no/100- $500.00 Dollars For: Final payment and delivery of edited DVD of the Arnold Stein Golden Anniversary Received by: AM Week 4, Source Document 40 INVOICE Universal Music Library 12334 Ventura Boulevard Studio City, CA 91604 To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 27, 20 -- Invoice No.: 2108 Terms: COD Shipped By: UPS CHARGES DATE 6/27/20-- DESCRIPTION For CD library of royalty free music (10 CDs) TOTAL AMOUNT DUE: $ 600.00 Issued check #120 for $600.00-DS Week 4, Source Document 41 L INVOICE Al's Video Repair 6946 Andrews Avenue North Miami Beach, FL 33162 Date: June 27, 20 -- Invoice No.: 8237 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 CHARGES DATE DESCRIPTION 6/27/20-- For cleaning sand from video camera TOTAL AMOUNT DUE: $ 55.00 Issued check #121 for $55.00-DS Week 4, Source Document 42 ACTION VIDEO PRODUCTIONS RECEIPT No. 13 Date: June 27, 20 -- Received from: Cash Sale Two hundred forty-five and no/100- $245.00 Dollars For: Edit of 15-minute flubbed-play gag reel for Drexel Jackson, coach of Hallendale High varsity basketball. Received by: AM Week 4, Source Document 43 L ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 12 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 28, 20 SUBJECT: Cash Balance The checkbook cash balance is $4,990.56 Please verify this balance with the balance in the general ledger Cash account as of 6/28/20--. Week 5, Source Document 44 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 13 TO: Accounting clerk FROM: Adrian Martinez DATE: June 29, 20 SUBJECT: Employee Wages Danielle Sloane issued checks #122 and 123 to pay the employee wages for the last 2-week period. The total amount of the two checks was $690.00. Please make the necessary journal entry recording this expense and use "Checks 122 and 123" as your source document reference. Week 5, Source Document 45 STATEMENT Miami Department of Water and Power 334 Saxon Street North Miami Beach, FL 33162 Date: June 29, 20 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 DESCRIPTION CHARGES DATE 6/29/20 For utilities expense TOTAL DUE: $ 143.80 Issued check #124. 6/29/20--. - DS Week 5, Source Document 46 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 INVOICE Date: June 29, 20 -- Invoice No.: S105 Gabriel Correa SOLD TO: 5230 Wallace Place Hollywood, FL 33320 DATE DESCRIPTION 6/29/20 -- Videography of Correa/Wilson Wedding CHARGES $ $1,800.00 Payable in three installments Week 5, Source Document 47 ACTION VIDEO PRODUCTIONS RECEIPT No. 14 Date: June 29, 20 -- Received from: Gabriel Correa Six hundred and no/100- $600.00 Dollars For: Deposit for videography of Correa/Wilson wedding Received by: AM Week 5, Source Document 48 INVOICE Coral Reef Video 6288 Bridger Boulevard Fort Lauderdale, FL 33301 Please write a check today. 6/29 for $48.23 AM To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity 13 Unit Price $ 3.50 Total $ 45.50 Item Duplicate DVD's from digital master With labels reading: "Stein, Golden Anniversary June 29, 20" SUBTOTAL 6% Sales Tax TOTAL $ 45.50 2.73 $ 48.23 Week 5, Source Document 49 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 14 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 30, 20 SUBJECT: Cash Balance The checkbook cash balance is $4,708.53. Please verify this balance with the balance in the general ledger Cash account as of 6/30/20--. Week 5, Source Document 50 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Memorandum No. 15 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 30, 20 SUBJECT: End of Month Activities 1) Complete a ten-column worksheet. Use the following information to complete the adjustments section: a. Supplies on hand $156.00 b. Unexpired Insurance $504.00 c. Depreciation is computed using the straight-line method. * i. Computer equipment has an estimated life of 3 years (36 months) with no salvage value. ii. The SUV has an estimated life of 5 years (60 months) with a $1,700 salvage value. iii. Equipment has an estimated life of 3 years (36 months) with no salvage value. Note: Ignore equipment purchased after the 10th of the month. These are not depreciated until the following month. 2) Prepare an income statement, statement of owner's equity, and balance sheet. 3) Journalize and post the adjusting entries. 4) Journalize and post the closing entries. 5) Prepare a peststesing trial balance. *Round answers to the nearest dollar. DATE DESCRIPTION DEBIT CREDIT POST. REF. 110 1 8 5 0 0 00 2017 | 2 Cash June Martinez, Capital 2 310 8 50 2 10: 3 Memo 1 Beginning Investment wl 4 4 5 5 6 6 ACCOUNT Cash DATE DESCRIPTION POST REF. DEBIT ACCOUNT NO-110 BALANCE CREDIT DEBIT CREDIT B 5 b b bo 12 Cash U1 B 5 lolo 100 2017 June ACCOUNT NAME DEBIT CREDIT