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helpe to answer this sheet. first page contains the information to answer the next 4 pages. thanks. Chapters 1 & 2 Hanna Knox, an architect,
helpe to answer this sheet. first page contains the information to answer the next 4 pages. thanks.
Chapters 1 & 2 Hanna Knox, an architect, opened an office on July 1. During the month, she completed the following transactions connected with her professional practice Follow step by step instructions for the transactions below Instructions 1. Complete the Journal Entries for each transaction below. 2. Enter the account titles in the General Ledger "T" accounts and post JE amounts for each. 3. Net each G/L account 4.Write account titlen(if not already entered in the Adjusted Trial Balance spreadsheet and enter amounts in the "Trial Balance" column(also known the "Unadjusted Trial Balance" column. Transactions a. 7/1: Hanna Knox purchased stock in Hanna Knox, Inc for $25,000 b. 7/1: Pald July rent for office and workroom $2,000 c. 7/1: Purchased used automobile for $16,500, paying a down payment of $1,500 cash; signed promissory note for balance d. 7/1: Purchased office and computer equipment on account $6,500 e. 7/1. Paid cash for office supplies $975 f. 7/1: Paid premium on annual insurance policy $1,200 g. 7/15: Received payment from client for plans delivered-$3,750 h 7/15: Paid cash for miscellaneous expenses-$240 7/15: Made a payment to creditors on account $2,500 7/25: Paid installment due on Notes Payable-$450 k 7/25: Incurred expense for blueprint printing $750. Payment due in August 17/25: Completed and delivered new plans to client $3,150. Client to pay in August m. 7/25, Paid assistant's salary $1,500 n. 7/25: Paid maintenance costs on automobile for July $280. JOURNAL Hannano General de Hanna Knox Adjusted Trial Balance Spreadsheet Unadliunted Trial Balance Income Statem Adiunt menteAdlustas Toall Balance Sheet . Account Tues Dr Accounts Receivable Supplies Prald Insurance Automobiles Coulement Notes Payable Accounts Payable Common Stocle-Knox Professional Fees Rent Expenses Salary Expense Automobile Expense Bluepring Expense Misc. Expense Totais: Gain Loss: 25,000 SHAREHOLDERS EQUI: STOCKHOLDERS EQUITY Common Stock Beginning Retained Earnings Add Profit Deduct Loss Sub-total Less Dividends Ending Retained Earnings Total stockholders' equity Hans Knoxid INCOME STATEMENT REVENU EXPENSES Total eden ET PROFIT OR LOSS BALANCE SHEET ASSETS 25.000 SHAREHOLDERS EQUITY: STOCKHOLDERS EQUITY Common Stock Beginning Retained Earnings Add Profit Deduct Loss Sub-total less Dividends Ending Retained Eamings Total stockholders' equity Total ties and stockholders AssetsStep by Step Solution
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