Question
Hello! I would really appreciate if you can help me with this problem below. Thank you so much! Please make an Adjusted Trial Balance for
Hello! I would really appreciate if you can help me with this problem below. Thank you so much!
Please make an Adjusted Trial Balance for the month ended July for the company "Nikea", using the adjusting entries below:
July 1 Owner's Investment of $ 310,000
2 Purchased $6,000 worth of Computers with economical lifespan of 5 year, residual value of $1,500
3 Nikea paid $1,500 for electricity
4 Purchased on Account $30,000 worth of Inventory
5 Paid Transport worth of $2,500
7 Received $11,300 from sales across all the Nikea stores
10 Performed services on account $1100
13 Sold shoe care products to another business, supplies worth of $1,500
14 Paid $750 to a cleaning company for disinfection for all our stores
17 Received cash for services performed on July 10th
22 Withdrew cash worth $1200 for personal use
25 Received Cash worth of $8000 for goods sold.
26 Paid Salaries for the month of July $15000
28 Received Cash $13,000 for goods sold.
30 Made a partial payment worth of $15,000 for the supplies purchased on account on July 4th
30 Received cash worth of $6,000 from goods sold across all Nikea stores.
31 Recorded Monthly depreciation of $75 for 15 computers bought at the beginning of the month
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