Complete accounting cycle, Part 2 Instructions Chart of Accounts Labels and Amount Descriptions Journal Ledger Income Statement Retained Earnings Statement Instructions For the past several years. Steny Lopez has operated a part-time consulting business from his home. As of July 1, 2018, Stelly decided to move to rented quarters and to operate the business, which was to be no Diamond Consulting, on a full-time bass Diamond Consulting entered to transactions during suy in Part 1 of this problem, the accounting cycle was completed up through the preparation of meadusted trial bal Required A if you completed me end-of-period worksheet in Part , use the adjusted trial balance figures to prepare an income statement for the month ended ly 31, 2018 Be sure to complete me statement heading a ner loss has been incurred, enter that amount as a negative number using a sign Peter to me Accounts, Labels and Amount Descriptions provided for me exact wording of me answer choices for test entries. You will not need to enter colons() on me home statement B if you completed the end of perod worksheet in Part 1, useme adjusted i Dance Aigures to prepare a retained earnings statement for the month ended July 31, 2018 Be sure to complete the statement heading Negative amount should be indicated by the mus sgn Refer to me Accounts, Labels and Amount Descriptions provided for me exact wording of the answer choices for text entries If an amount is zero, enter "0" C. you completed the end of period workshof in Parts, use the adjusted na wance figures to prepare a lance sheet as of sy 31, 2018 Be sure to complete me statement heading Fored assets must be entered in order according to account number Refer to the Account Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries You will need to enter colons() on te balances they wer automatically insert where necessary Negative amount should be indicated by the ws sign 9 A Journal theories on page of the jour Closing entries are recorded on May 31 Refer to me chart of Accounts for exac wording of accounts Be the mainst the same in the traffic Act the point Check My Work ess, which was JOURNAL Score: 42/174 ACCOUNTING EQUATION in of the adjuster DATE POST PER DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Closing Entries 1 Cash 15,500.00 1 Accounts Receivable + 20,800.00 3,200.00 1 Supplies Prepaid Rent 3 4,800.00 1 6 4,500.00 1 1 14,000.00 1 Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Starles Payable Uncamed Fees 1,300.00 13 11 5,500.00 12 45,000.00 1 Common Stock Retained Earnings 11 24.200.00 76,000.00 to come 76,000.00 Use the spreadsheet completed in part of this problem to complete the following steps of us problem your input into the spreadsheet will not be included in your grade in Cengage now on is problem 9 B Post me closing enves to the edge of four-column accounts Complete accounting.cyde Part 2 Instruction Chart of Accounts Label and Amount Descriations Journal Ledger Income Statement Retained Earnings Statement Income Statement WWWWWWWWWWW has been more amour avere un Arterto e Acabo and Amount Descripto provided wording of the choices front will need to enters on the come statement Question et attempted Score 6/88 Dumond Coming Income be Instructions Chart al Accounts Labels and Amount Descriptions Joumal Ledger Income Statement Retained Earnings Statement Income Statement Retained Earnings Statement 3. you completed the end of pened worksheet in Part tuseme austed trial balance figures to prepare a retained earnings statement for me motherxed My 31, 2018 Be sure to complete the state he amount should be noted by the minus sin Fater to the Accounts labels and Amount Descriptions provided for the exact wording of the answer choices for text ermes an amourt is zero, enter Question not attempted Score: 0/52 Durrond Consulting Retained Earnings Statement (Label) Complete accounting cycle, Part 2 Instructions Chart of Accounts Label and Amount Descriptions Jour Ledger Income et automatically most where necessary negative and would be indicated by the minus un Question not attempted Dumond Consulting Score: 165 Balance Sheet (Label) Assets 11 0 Check My Work Instructions Chart of Accounts Labels and Amount Descriptions Journal Ledger Income Statement Reta Lalance Sheet Post-closing Trial Balance Score: 0/51 Diamond Consulting POST CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 1 2 3 Supplies Prepald Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable 3 6 2 . 10 Uneamed Fees 9 11 Common Stock 10 12 Retained Earnings 13 Totals Check My Work Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Adjusted Trial Balance Instructions Adjusted Trial Balance Fo DE How does, grading work? decided to move to rented Diamond Consulting Score: 80/80 ADJUSTED TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 32,450.00 2 Accounts Receivable 16,450.00 1,525.00 2.400.00 4,125.00 14,000.00 3 Supplies Prepaid Rent 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation Accounts Payable Salaries Payable 10 Unearned Fees 750.00 1,300.00 175.00 2,750.00 45,000.00 11 Common Stock 12 Retained Earnings 15 Dividends 12,500.00 Check My Work Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Adjusted Trial Balan nstructions Adjusted Trial Balance vivo decided DE 7 Accumulated Depreciation 750.00 8 Accounts Payable 1,300.00 9 Salaries Payable 175.00 10 Uneamed Fees 2,750.00 11 Common Stock 45,000.00 12 Retained Earnings 13 Dividends 12,500.00 14 Fees Earned 44,350.00 3,675.00 15 Salary Expense 16 Rent Expense 2,400.00 2,275.00 750.00 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 375.00 - 1,400.00 21 Totals 94,325.00 94,325.00 Points 21/21 eck My Work Complete accounting cycle, Part 2 Instructions Chart of Accounts Labels and Amount Descriptions Journal Ledger Income Statement Retained Earnings Statement Instructions For the past several years. Steny Lopez has operated a part-time consulting business from his home. As of July 1, 2018, Stelly decided to move to rented quarters and to operate the business, which was to be no Diamond Consulting, on a full-time bass Diamond Consulting entered to transactions during suy in Part 1 of this problem, the accounting cycle was completed up through the preparation of meadusted trial bal Required A if you completed me end-of-period worksheet in Part , use the adjusted trial balance figures to prepare an income statement for the month ended ly 31, 2018 Be sure to complete me statement heading a ner loss has been incurred, enter that amount as a negative number using a sign Peter to me Accounts, Labels and Amount Descriptions provided for me exact wording of me answer choices for test entries. You will not need to enter colons() on me home statement B if you completed the end of perod worksheet in Part 1, useme adjusted i Dance Aigures to prepare a retained earnings statement for the month ended July 31, 2018 Be sure to complete the statement heading Negative amount should be indicated by the mus sgn Refer to me Accounts, Labels and Amount Descriptions provided for me exact wording of the answer choices for text entries If an amount is zero, enter "0" C. you completed the end of period workshof in Parts, use the adjusted na wance figures to prepare a lance sheet as of sy 31, 2018 Be sure to complete me statement heading Fored assets must be entered in order according to account number Refer to the Account Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries You will need to enter colons() on te balances they wer automatically insert where necessary Negative amount should be indicated by the ws sign 9 A Journal theories on page of the jour Closing entries are recorded on May 31 Refer to me chart of Accounts for exac wording of accounts Be the mainst the same in the traffic Act the point Check My Work ess, which was JOURNAL Score: 42/174 ACCOUNTING EQUATION in of the adjuster DATE POST PER DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Closing Entries 1 Cash 15,500.00 1 Accounts Receivable + 20,800.00 3,200.00 1 Supplies Prepaid Rent 3 4,800.00 1 6 4,500.00 1 1 14,000.00 1 Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Starles Payable Uncamed Fees 1,300.00 13 11 5,500.00 12 45,000.00 1 Common Stock Retained Earnings 11 24.200.00 76,000.00 to come 76,000.00 Use the spreadsheet completed in part of this problem to complete the following steps of us problem your input into the spreadsheet will not be included in your grade in Cengage now on is problem 9 B Post me closing enves to the edge of four-column accounts Complete accounting.cyde Part 2 Instruction Chart of Accounts Label and Amount Descriations Journal Ledger Income Statement Retained Earnings Statement Income Statement WWWWWWWWWWW has been more amour avere un Arterto e Acabo and Amount Descripto provided wording of the choices front will need to enters on the come statement Question et attempted Score 6/88 Dumond Coming Income be Instructions Chart al Accounts Labels and Amount Descriptions Joumal Ledger Income Statement Retained Earnings Statement Income Statement Retained Earnings Statement 3. you completed the end of pened worksheet in Part tuseme austed trial balance figures to prepare a retained earnings statement for me motherxed My 31, 2018 Be sure to complete the state he amount should be noted by the minus sin Fater to the Accounts labels and Amount Descriptions provided for the exact wording of the answer choices for text ermes an amourt is zero, enter Question not attempted Score: 0/52 Durrond Consulting Retained Earnings Statement (Label) Complete accounting cycle, Part 2 Instructions Chart of Accounts Label and Amount Descriptions Jour Ledger Income et automatically most where necessary negative and would be indicated by the minus un Question not attempted Dumond Consulting Score: 165 Balance Sheet (Label) Assets 11 0 Check My Work Instructions Chart of Accounts Labels and Amount Descriptions Journal Ledger Income Statement Reta Lalance Sheet Post-closing Trial Balance Score: 0/51 Diamond Consulting POST CLOSING TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 1 2 3 Supplies Prepald Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable 3 6 2 . 10 Uneamed Fees 9 11 Common Stock 10 12 Retained Earnings 13 Totals Check My Work Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Adjusted Trial Balance Instructions Adjusted Trial Balance Fo DE How does, grading work? decided to move to rented Diamond Consulting Score: 80/80 ADJUSTED TRIAL BALANCE July 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 32,450.00 2 Accounts Receivable 16,450.00 1,525.00 2.400.00 4,125.00 14,000.00 3 Supplies Prepaid Rent 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation Accounts Payable Salaries Payable 10 Unearned Fees 750.00 1,300.00 175.00 2,750.00 45,000.00 11 Common Stock 12 Retained Earnings 15 Dividends 12,500.00 Check My Work Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Adjusted Trial Balan nstructions Adjusted Trial Balance vivo decided DE 7 Accumulated Depreciation 750.00 8 Accounts Payable 1,300.00 9 Salaries Payable 175.00 10 Uneamed Fees 2,750.00 11 Common Stock 45,000.00 12 Retained Earnings 13 Dividends 12,500.00 14 Fees Earned 44,350.00 3,675.00 15 Salary Expense 16 Rent Expense 2,400.00 2,275.00 750.00 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 375.00 - 1,400.00 21 Totals 94,325.00 94,325.00 Points 21/21 eck My Work
