Question
Hello!! I need some help with this homework The requirements are: 1.Adjust the accounts 2.Adjust trial balance. 3.Close the temporary accounts and do new set
Hello!!
I need some help with this homework
The requirements are:
1.Adjust the accounts
2.Adjust trial balance.
3.Close the temporary accounts and do new set of financials
I started adding in the spreadsheet few transactions
GENERAL JOURNAL
Date Titles and Explanation Debit CREDIT
5/1/2019 OWNER INVESTMENT CASH 10000 0
OWNER CAPITAL 0 10000
5/2/2019 GROCERIES($3/CHILD) CASH 450 0
SUPPLIES 0 450
5/8/2019 EQUIPMENT(CRIBS) EQUIPMENT 1500 0
CASH 0 1500
5/8/2019 EQUIPMENT(TOYS) EQUIPMENT 1000 0
CASH 0 1000
5/8/2019 TUITION WEEK 1 REVENUE 2700 0
CASH 0 2700
5/15/2019 TUITION WEEK 2 REVENUE 2700 0
CASH 0 2700
5/22/2019 TUITION WEEK 3 REVENUE 2700 0
CASH 0 2700
5/28/2019 BILLS(WATER, ELECTRIC) UTILITY EXPENSE 300 0
ACCOUNTS PAYABLE 0 300
5/29/2019 TUITION WEEK 4 REVENUE 2700 0
CASH 0 2700
5/30/2019 SALARY SALARY EXPENSE 2000
CASH 2000
Thank you!
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