Here are the journalized tranactions for July:PLEASE CHECK TO MAKE SURE THEY ARE CORRECT
PLEASE prepare a trial balance#2 AND ADJUSTMENTS
During July, Rich's Accounting Service completed these transactions: July 1 July 2 July 3 July 5 July 5 July 6 July 9 July 9 July 10 July 12 July 17 July 18 July 19 July 20 Reverse the June 30th adjusting journal entry for Janice's pay. Purchased additional supplies on account from Office Depot, 5825. Paid The Daily Courier bill from June. Check #0010, $1,300. Performed accounting services. Collected cash fee, $3,500. Paid a gasoline bill to Arco. Check #0011 - 594. Made a car payment to Norm's Automotive. Check #0012, $450. Collected payment due from Mindy's Dress Shop, $8,500 Paid $500 to ASCPA, for income tax update. Check #0013 (Miscellaneous Expense) Paid Janice, office secretary, two weeks salary. Check #0014 - $2,000. Paid June 4th bill to Office Depot. Check #0015, $400. Provided tax planning for a new client. Billed $1,200, due in August. Performed accounting services for Dylan Bruno. Collected cash fee, $3,500. Rich withdrew $1,800 from the business to pay personal expenses. Check #0016 - $1,800. Sent check #0017 to Catholic Charities, $40. (Miscellaneous Expense) Pald a gasoline bill to Arco. Check #0018 - $98 Paid Norm's Automotive for automobile repairs. Check #0019 - $700 Pald Janice, office secretary, two weeks salary. Check 80020 - $2,000. Performed accounting services, on account for Ida Sarah Business Consulting. $7,850, due in 30 days. Paid July telephone bill to Verizon. Check #0021 - $535. Received bill from The Daily Courier for July advertising. Bill is in the amount of $1,500 and is due August 4th. Rich withdrew $17,500 from the business. Check #0022 - $17,500. July 23 July 24 July 25 July 26 July 31 July 31 July 31 REQUIRED WORK FOR JULY Journalize transactions and post to General Ledger. Prepare a trial balance in the first two columns of a blank worksheet form. Complete the worksheet based on the following adjustment data: a. One month's rent, $1,500, has expired. b. An Inventory of office supplies shows there is $80 remaining on hand. c. Depreciation on the office equipment is $200. d. Depreciation on the automobile is $750. e. Janice has worked five days after her last pay check. She is owed $1,000 for July 27th through July 31st. Prepare July financial statements. An Income Statement, Statement of Owner's Equity and Balance Sheet. Journalize the adjusting entries and post them to the General Ledger Journalize the necessary closing entries and post them to the General Ledger Prepare a post-closing trial balance. Date 201X Duly 00 Bichs Accounting Service General Journal July 1- Jun 19 Page 5 Account Titles and Description PR Dr. Cr. Salaries Payable - 212 You alacas Emese 512 Reverse Jornal entry for June 30th Janices pay das Supelies 115825 211 825 plies on Acct from Office Depot ayable 2011300 Cash - Paid Daily Courier Bill from June IS Cash 13,500 Accounting Service fees Performed Acot. Services Collected cash Gasoline Expense 513 94 Cash Paid gasoline Bill to Arco - Check #ool1 Talu 6 Accounts Payable 21 450 - Cash I Payment to Norms Automotive - I check #ool2 Sulu 9 cash ULLS. sool Accounts Recrevable 112 Colected payment from Mindys dress shop Miscellaneous 500 524 Expense Paid soo to ASCOA for income tax update 512 2.000 10 Salaries Expense Cash I Paid Janice office secretary 2 week salas - check #voly July 12 Accounts Payable Cash Paid June ifth bill to orice 1112 1 200 17 Accounts Recierable 1.200 Accounting Service Fees Padeda olan Awal L 200 8 ash 3 SCO Accounting Service fees. Performed Add. Seance for Dylan Bruno 312 | SOO Bich dvou Cash lich withdrew 1,800 for personal expenses SC - Bichs. Accosting se General Journal July 20-31 Account Titles and Description Date Page 6 Cr. PR Dr. 201X 524 90 July 23 Gasoline expense 5398 S14 700 2o Miscellaneous Exose Cash Catholic Charities check #oo17 - Cash - Paid gosoline bill to Arco check h 0018 July 9 Repairs Expense Paid Morms Automotive for car repairs - check #0019 July 25 salaries Expense Cash Paid Salary do Jarrice -2 weeks check #0020 Accounts recievable Accounting service fee Performed Services an Acct.. Due in 30 days 52 2000 2000 1122 830 3 SS 535 Ils S161,500 21 1500 I Cash - Paid July telephone bill - check #002 L July (3) Advertising expense - Accounts ayable Daily Connier bill Due Dalys Bich Drawing Rich withdrew 17. Soo from business - check # 4022 - Adjusting Entries a Buat Espuose Prepaid Kent 312 17 SOO prig cash SILISC 14 5/2 IS SISI 1122 Tb. Office Supplies Expense Office Supplies Culpepreciation axpense - office equipment Accumulated clip office equipment D. Depreciation on Automobile uusika led der Autobile Je, Sulanes Expense Salary Payable 250 J S19 250 1241 512000 1212 Rich's Accounting Service - Worksheet June, 20xx Trial Balance Adjustments Adjusted Trial Balance Dr Income Statement Dr Cr Dr Cr Balance Sheet DE CE Account Titles Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accumulated Deprec. - Office Equipment Auromobile Accumulated Deprec. - Auromobile Accounts Payable Salaries Payable Rich, Capital Rich, Drawing Accounting Service Fees Rent Expense Salaries Expense Gasoline Expense Repairs Expense Telephone Expense Advertising Expense Office Supplies Expense Depreciation Expense - Office Equipment Depreciation Expense - Automobile Miscellaneous Totals Totals During July, Rich's Accounting Service completed these transactions: July 1 July 2 July 3 July 5 July 5 July 6 July 9 July 9 July 10 July 12 July 17 July 18 July 19 July 20 Reverse the June 30th adjusting journal entry for Janice's pay. Purchased additional supplies on account from Office Depot, 5825. Paid The Daily Courier bill from June. Check #0010, $1,300. Performed accounting services. Collected cash fee, $3,500. Paid a gasoline bill to Arco. Check #0011 - 594. Made a car payment to Norm's Automotive. Check #0012, $450. Collected payment due from Mindy's Dress Shop, $8,500 Paid $500 to ASCPA, for income tax update. Check #0013 (Miscellaneous Expense) Paid Janice, office secretary, two weeks salary. Check #0014 - $2,000. Paid June 4th bill to Office Depot. Check #0015, $400. Provided tax planning for a new client. Billed $1,200, due in August. Performed accounting services for Dylan Bruno. Collected cash fee, $3,500. Rich withdrew $1,800 from the business to pay personal expenses. Check #0016 - $1,800. Sent check #0017 to Catholic Charities, $40. (Miscellaneous Expense) Pald a gasoline bill to Arco. Check #0018 - $98 Paid Norm's Automotive for automobile repairs. Check #0019 - $700 Pald Janice, office secretary, two weeks salary. Check 80020 - $2,000. Performed accounting services, on account for Ida Sarah Business Consulting. $7,850, due in 30 days. Paid July telephone bill to Verizon. Check #0021 - $535. Received bill from The Daily Courier for July advertising. Bill is in the amount of $1,500 and is due August 4th. Rich withdrew $17,500 from the business. Check #0022 - $17,500. July 23 July 24 July 25 July 26 July 31 July 31 July 31 REQUIRED WORK FOR JULY Journalize transactions and post to General Ledger. Prepare a trial balance in the first two columns of a blank worksheet form. Complete the worksheet based on the following adjustment data: a. One month's rent, $1,500, has expired. b. An Inventory of office supplies shows there is $80 remaining on hand. c. Depreciation on the office equipment is $200. d. Depreciation on the automobile is $750. e. Janice has worked five days after her last pay check. She is owed $1,000 for July 27th through July 31st. Prepare July financial statements. An Income Statement, Statement of Owner's Equity and Balance Sheet. Journalize the adjusting entries and post them to the General Ledger Journalize the necessary closing entries and post them to the General Ledger Prepare a post-closing trial balance. Date 201X Duly 00 Bichs Accounting Service General Journal July 1- Jun 19 Page 5 Account Titles and Description PR Dr. Cr. Salaries Payable - 212 You alacas Emese 512 Reverse Jornal entry for June 30th Janices pay das Supelies 115825 211 825 plies on Acct from Office Depot ayable 2011300 Cash - Paid Daily Courier Bill from June IS Cash 13,500 Accounting Service fees Performed Acot. Services Collected cash Gasoline Expense 513 94 Cash Paid gasoline Bill to Arco - Check #ool1 Talu 6 Accounts Payable 21 450 - Cash I Payment to Norms Automotive - I check #ool2 Sulu 9 cash ULLS. sool Accounts Recrevable 112 Colected payment from Mindys dress shop Miscellaneous 500 524 Expense Paid soo to ASCOA for income tax update 512 2.000 10 Salaries Expense Cash I Paid Janice office secretary 2 week salas - check #voly July 12 Accounts Payable Cash Paid June ifth bill to orice 1112 1 200 17 Accounts Recierable 1.200 Accounting Service Fees Padeda olan Awal L 200 8 ash 3 SCO Accounting Service fees. Performed Add. Seance for Dylan Bruno 312 | SOO Bich dvou Cash lich withdrew 1,800 for personal expenses SC - Bichs. Accosting se General Journal July 20-31 Account Titles and Description Date Page 6 Cr. PR Dr. 201X 524 90 July 23 Gasoline expense 5398 S14 700 2o Miscellaneous Exose Cash Catholic Charities check #oo17 - Cash - Paid gosoline bill to Arco check h 0018 July 9 Repairs Expense Paid Morms Automotive for car repairs - check #0019 July 25 salaries Expense Cash Paid Salary do Jarrice -2 weeks check #0020 Accounts recievable Accounting service fee Performed Services an Acct.. Due in 30 days 52 2000 2000 1122 830 3 SS 535 Ils S161,500 21 1500 I Cash - Paid July telephone bill - check #002 L July (3) Advertising expense - Accounts ayable Daily Connier bill Due Dalys Bich Drawing Rich withdrew 17. Soo from business - check # 4022 - Adjusting Entries a Buat Espuose Prepaid Kent 312 17 SOO prig cash SILISC 14 5/2 IS SISI 1122 Tb. Office Supplies Expense Office Supplies Culpepreciation axpense - office equipment Accumulated clip office equipment D. Depreciation on Automobile uusika led der Autobile Je, Sulanes Expense Salary Payable 250 J S19 250 1241 512000 1212 Rich's Accounting Service - Worksheet June, 20xx Trial Balance Adjustments Adjusted Trial Balance Dr Income Statement Dr Cr Dr Cr Balance Sheet DE CE Account Titles Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accumulated Deprec. - Office Equipment Auromobile Accumulated Deprec. - Auromobile Accounts Payable Salaries Payable Rich, Capital Rich, Drawing Accounting Service Fees Rent Expense Salaries Expense Gasoline Expense Repairs Expense Telephone Expense Advertising Expense Office Supplies Expense Depreciation Expense - Office Equipment Depreciation Expense - Automobile Miscellaneous Totals Totals
