Help View Review Data Formulas Page Layout Insert Home 29 Wrap Text X Cut hCopy AA 10 Arial $ -% Merge & Center I A BIL Format Painter Number Alignment Font Clipboard 95 Account nam worded EXAC You invest $14,000 of your own money to open the corporation's bank acccount 1/1 Correct Debit Account Credit Date cash 14,000 1/1 14.000 common stock The trial balance calcula Ch 1/1 You purchase equipment for $4,800 for the business and pay cash Cash Correct Accounts Res Date Account Debit Credit Supplies 4 800 equipment 1/1 Prepaid Insura cash 4.800 Equipment Accumulated Accounts Pay Uneaned Fees Wages Payabl You prepay Risk-Free Insurance Company $1.920 to cover your liability 1/1 Common Stock Ontsinad Eamis PRB Type here to search esc ? % Problem8 (1) - Excel Search Help View Review Data Formulas Page Layout Insert Home Fle Wrap Test A A X Cut Arial $-9% Merge & Center h Copy Paste 2A 8IU Number Format Painter Alignment Font Clipboard N195 Wages Paya Common Sto 1/1 You prepay Risk-Free Insurance Company $1,920 to cover your liability Retained Ear insurance for one vear Cash Dividene Fees Eamed Correct Credit Debit Date Account Insurance Exm 1/1 prepaid insurance 1,920 Supplies Expe Wages Expens Utilities Expem cash 1,920 Depreciation E TOTAL 1/3 You purchase supplies for $1 340 from Buford. Inc on account These supplies will last more than one month Conect The ledger balances below Date Account Debit Credit supplies accounts payable 1/3 1,340 Account: Cash 1.340 Date Item PRI tan Type here to search hp esc Help View Review Data Formulas Page Layout Insert Home Wrap Text AA E X Cut 10 Arial $-% Copy Merge & Center A. BIU fomat Painter Number Alignment Font Cipboard 1/4 A client, Oakwood Company, prepays you $2,950 for work you will perform over next two months Corect Date cash uneamed fees Account Deblt Credit 1/4 2,950 2.950 1/5 It is Friday You pay your receptionist's wages of $450 Corect Date Account Debit Credit 1/5 wages expense cash 450 450 1/8 You do $1.890 of work for Gainesvile Corporation and send them an inmvoice PR anoct Type here to search esc Problem8 (1) Excel Search Help View Review Data Formulas Page Layout Insert Home File 2 Wrap Tet 10 A A Arial $ .%9 % hCopy E E Merge&Center A BIU Paste Format Painter Number Alignment Font Clipboard N195 1/8 You do $1,890 of work for Gainesville Corporation and send them an invoice. Correct Credit Debit Date Account Account: Ae accounts recevable 1/8 1,890 1,890 Date Item fees earned 1/9 You purchase supplies for $730 from Cleveland Industriess on account supplies will last more than one month These Correct Date Account Debit Credit supplies accounts payable 1/9 730 730 Account: Supp Date Item 1/12 t is Frday You pay your receptionist's wages of $450 Coect Dete Apsount PRI Credit Type here to search hp Problem8 (1) - Excel Search Help View Data Review Formulas Page Layout Insert Home 2 Wrap Text 10 X Cut A A Arial $.% 9 5849 Copy 3 Format Painter Merge & Center E A BIU Number Alignment Font Clipboard 5 1/12 It is Friday You pay your receptionist's wages of $450 Correct Account Credit Date Debit wages expense cash 450 1/12 450 1/14 You pay Buford, Inc. $1,340 for the supplies you purchased on 1/3 Account: Prepaid Corect Date Item Date Account Debit Credit accounts payable 1/14 1.340 cash 1.340 1/16 You begin a 54.300 job for Sugar Hill Company that will take you three months to complete At the end of March you will invoice the client for the full amount Account: Equipmen Coect Date Dete Item Apsowot Debl Credis PRE Type here to seach hp Problem8 (1) Excel Search Help View Review Data Formulas Page Layout Insert Home 2 Wrap Text AA X Cut 10 Arial $.% Copy 6Merge & Center A I U Format Painter Number Alignment Font Clipboard 1/16 You begin a $4,300 job for Sugar Hill Company that will take you three months to complete. At the end of March you will invoice the client for the full amount. Account: Date It Correct Debit Date Account Credit Blank 1/16 1/18 You pay your utilities bil with a check for $395 Correct Date Account: Account Debit Credit utilities expense Date 1/18 Iter 395 cash 395 1/19 t is Friday You pay your receptionist's wages of $450 Dete Caract Acsount PRA Debit Crodit Annnsn A Type here to search Problem8 (1) OSearch Help View Review Data Formulas Page Layout Insert Home File 2 Wrap Text A A X Cut 10 Arial $.% Copy Paste Merge & Center -A BIU Format Painter Num Alignment Font Cipboard X N195 1/19 t is Friday. You pay your receptionist's wages of $450. Correct Date Account Debit Credit Acce 1/19 wages expense cash 450 Date 450 1/21 You do work for Clermont Ltd and they pay you $2.720 with a credit card Comect Date Account Debit Credit 1/21 cash fees eamed 2.720 2.720 Accoun 125 t is Friday You pay your receptionists wages of $450 Date Date Account Correct Debit Credit PRI ALD Type here to search bp i Help View Review Data Formulas Page Layout Insert Home File 2 Wrap Text A A 10 cut Arial Copy Paste Merge & Center E A BIU Format Painter Alignment Font Clipboard N195 1/26 It is Friday. You pay your receptionist's wages of $450 Correct Date Account Debit Credit 1/26 wages expense cash 450 450 1/31 t is now January 31, the last day of the month. Note the following facts a You have $460 of supplies on hand at the end of January b You performed $1.630 of the work for Oakwood Company by January 31 transaction on 1/4) You performed $1 350 of the wiork for Sugar Hill Company by January 31 transaction on 1/16) d The equpment will depreciate at a rate of S1 200 per year PRI Da Type here to search Pr Help View Review Data Formulas Page Layout Insert Home File 2Wrap Text A A 10 X Cut Arial Copy Paste Merge & Center IU Format Painter Alignment Font Clipboard fr N195 1/31 It is now January 31, the last day of the month. Note the following facts: a. You have $460 of supplies on hand at the end of January. b. You performed $1,630 of the work for Oakwood'Company by January 31 (transaction on 1/4). c. You performed $1,350 of the work for Sugar Hill Company by January 31 (transaction on 1/16) d The equipment will depreciate at a rate of $1.200 per year Da 1/31 You journalize one of the six necessary adjusting entries for January Date Account Debit Credit 1/31 Date 1/31 You journalize one of the six necessary adjusting entries for January Date Account Debit Credit PRA Type here to search Problem8 (1) E Search Help View Review Data Formulas Page Layout Insert e Home Wrap Text X Cut A A E 10 Arial Copy $-% EMerge & Center aste I V Format Painter Numbe Alignment Font Clipboard N195 Date 1/31 You journalize one of the six necessary adjusting ntries for January Date Account Debit Credit 1/31 1/31 You journalize one of the six necessary adjusting entries for January Date Account Debit Credit 1/31 101 You punalize one of the six necessary adjusting entries for January Account: C Date PRA Item Type here to search P