Hi

Can you please help me with these 3 questions?

1.Journalize the following business transactions in general journal form.Identify each transaction by number.You may omit explanations of the transactions.

1.Received $50,000 from stockholders.

2.Purchased equipment for $75,000, paying $15,000 in cash and giving a note payable for the remainder.

3.Paid $3,000 rent for the month.

4.Recorded $12,500 of services provided on account.

1. Prepare adjusting entries for the following transactions. Omit explanations.

1.Depreciation on equipment is $1,340 for the accounting period.

2.Interest owed on a loan but not paid or recorded is $275.

3.There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand.

4.Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $700 had expired.

5.Accrued salaries at the end of the period amounted to $900.

1.Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided.

TERMS:

A.Prepaid Expenses

B.Unearned Revenues

C.Accrued Revenues

D.Accrued Expenses

STATEMENTS:

____ 1.A revenue not yet recognized; collected in advance.

____ 2.An expense incurred; not yet paid or recorded.

____ 3.A revenue recognized; not yet collected or recorded.

____ 4.An expense not yet incurred; paid in advance.