Hi, can you please help me with these transactions , I just need the journal entry for this transaction from February 1 to February 27 ,

4 Back to Search 7:48 AM 9 cms.psu.edu B. Depreciation must be recorded on the equipment. C. Interest on the bank loan must be recorded. D. A count of office supplies finds that $750 worth of supplies is still on hand. E. Prepaid insurance must be adjusted for February's portion of the insurance premium. F. Wages due for the period of January 29-31 must be accrued. Gross wages are $600, employee taxes are 3100 and employer taxes are S 100. G. An estimate of bad debts has detemiined that $l,000 is an appropriate balance for the allowance account. 7. Record the adjusting entries on the Adjusting Entry Form as well as in the ledger's. Complete the Trial Balance Worksheet through column 10. 8. Prepare the multi-step Income Statement and Statement of Retained Earnings for February using columns 7 and 8 ofthe Trial Balance. 9. Closing entries for Eagle View for the month of February 2016 must also be recorded on the Entry Form and in the ledgers. H. Close out all income statement accounts to income summary. 1. Close out dividends to income summary. J. Close out the income summary account. IO. Record closing entries and complete the Trial Balance Worksheet. ll. Prepare the Balance Sheet and Statement of Cash Flows using the post-closing trial balance columns. Transactions for Eagle View for the Month of February 2016: 1 8a 9a 10 10a 11 12 13 14 15 16 17 18 19 20 21 22 22a 23 23a 24 25 25a 26 26a 27 February 1, 2016 February 1, 2016 February 1, 2016 February 2, 2016 February 2, 2016 February 3, 2016 February 3, 2016 February 4, 2016 February 4, 2016 February 6, 2016 February 6, 2016 February 8, 2016 February 8, 2016 February 9, 2016 February 10, 2016 February 10, 2105 February 10, 2016 February 12, 2016 February 12, 2016 February 12, 2016 February 15, 2016 February 15, 2016 February 18, 2016 February 19, 2016 February 23, 2016 February 23, 2016 February 25, 2016 February 25, 2016 February 26, 2016 February 28, 2016 February 28, 2016 February 28, 2016 February 28, 2016 February 28, 2016 Eagle View purchases warehouse fixtures on account from Generic Office Supply for $lS,000. The terms are 2-15, net 30. The equipment has a 5-year life with $0 salvage value. You use straight-line depreciation. Giggles, Inc. pays the $l0,000 deposit on the special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for the inventory on the basis defined in Part 2. But note that this is not to be mixed in with the general inventory. You pay the bill to Office Shop from January. You pay the utility bill from January. Eagle View purchases inventory from Shops-n-stuff for $55,000 on account (100 units at $550 each). The terms are 2-10, net 30. It keeps perpetual records for the inventory on the basis defined in Part 2. Eagle View purchases $500 in office supplies on account from Office Shop. The terms are net 30. Eagle View make a sale on account to Happy Times. It sells 10 units for $l,000 each. Sales tax is 5%. The terms are 2-15, net 30. You record the inventory portion of the sale. You record a cash sale of 20 units for $1,000 each to Smiley Shop. Again, sales tax is 5%. You record the inventory portion of the sale. Smiley Shop returns 10 units because they are the wrong color. Eagle View refunds the money. You record the inventory portion of the return. Eagle View receives the utility bill for the month. The total amount due is $500, payable net 20. Scnor Salsa pays its bill in full after the discount period. Cheer Choices pays the $10,000 deposit on its special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for your inventory on the basis defined in part 2. But note that this is not to be mixed in with the general inventory. Eagle View pays its employees for the third two weeks of business (January 29 - February II). The gross pay is $2,000, the employee taxes are $500 and the employer taxes are $500 Part of this has already been accrued in January. You pay the bill to Generic Office Supply within the discount period. You pay the bill to Shops-n-stuff, for the inventory purchased on February 3, within the discount period. Eagle View remits January payroll taxes to appropriate government agencies. Eagle View rcmits January sales taxes to appropriate government agencies. Mr. Rosen spends S l ,000 on advertising on the local news station. Happy Time pays its balance in full within the discount period. You record another sale on account. Wonderful Widgets purchased 25 units at $l,000 each. Tax is included at 5%. You record the inventory portion of the sale. Eagle View makes a sale on account to Giggles, Inc. It sells 25 units at $l,000 each. Because Giggles, Inc. is a distributor with a rcsale license, no sales tax is included. You record the inventory portion of the sale. Eagle View pays its employees for the fourth two weeks of business (February 12- 25). The gross pay is $2,000, the employee taxes are $500 and the employer taxes are $500 Eagle View delivers the 100 units of the special order to Giggles, Inc. Giggles, Inc. pays the $l0,000 due for the order. You record the inventory portion of the sale. Eagle View delivers the first 10 units of the special order to Cheery Choices. Cheery Choices pays the $1 1,000 due for the order. You record the inventory portion of the sale. Ron Rosen declares and pays a dividend of $5,000. 0' >g 100% it4 Back to Search 7:47 AM 9 cms.psu.edu IN. Prepaid rent paid in January must be amortized. B. Depreciation must be recorded on the equipment. C. Interest on the bank loan must be recorded. D. A count of office supplies finds that $750 worth of supplies is still on hand. E. Prepaid insurance must be adjusted for February's portion of the insurance premium. F. Wages due for the period of January 29-31 must be accrued. Gross wages are $600, employee taxes are 3100 and employer taxes are S 100. G. An estimate of bad debts has detemtined that $l,000 is an appropriate balance for the allowance account. 7. Record the adjusting entries on the Adjusting Entry Form as well as in the ledgers. Complete the Trial Balance Worksheet through column 10. 8. Prepare the multi-step Income Statement and Statement of Retained Earnings for February using columns 7 and 8 ofthe Trial Balance. 9. Closing entries for Eagle View for the month of February 2016 must also be recorded on the Entry Form and in the ledgers. H. Close out all income statement accounts to income summary. 1. Close out dividends to income summary. J. Close out the income summary account. IO. Record closing entries and complete the Trial Balance Worksheet. ll. Prepare the Balance Sheet and Statement of Cash Flows using the post-closing trial balance columns. Transactions for Eagle View for the Month of February 2016: 1 8a 9a 10 10a 11 12 13 14 15 16 17 18 19 20 21 22 22a 23 23a 24 25 25a 26 26a 27 February 1, 2016 February 1, 2016 February 1, 2016 February 2, 2016 February 2, 2016 February 3, 2016 February 3, 2016 February 4, 2016 February 4, 2016 February 6, 2016 February 6, 2016 February 8, 2016 February 8, 2016 February 9, 2016 February 10, 2016 February 10, 2105 February 10, 2016 February 12, 2016 February 12, 2016 February 12, 2016 February 15, 2016 February 15, 2016 February 18, 2016 February 19, 2016 February 23, 2016 February 23, 2016 February 25, 2016 February 25, 2016 February 26, 2016 February 28, 2016 February 28, 2016 February 28, 2016 February 28, 2016 February 28, 2016 Eagle View purchases warehouse fixtures on account from Generic Office Supply for $lS,000. The terms are 2-15, net 30. The equipment has a 5-year life with $0 salvage value. You use straight-line depreciation. Giggles, Inc. pays the $l0,000 deposit on the special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for the inventory on the basis defined in Part 2. But note that this is not to be mixed in with the general inventory. You pay the bill to Office Shop from January. You pay the utility bill from January. Eagle View purchases inventory from Shops-n-stuff for $55,000 on account (100 units at $550 each). The terms are 2-10, net 30. It keeps perpetual records for the inventory on the basis defined in Part 2. Eagle View purchases $500 in office supplies on account from Office Shop. The terms are net 30. Eagle View make a sale on account to Happy Times. It sells 10 units for $l,000 each. Sales tax is 5%. The terms are 2-15, net 30. You record the inventory portion of the sale. You record a cash sale of 20 units for $1,000 each to Smiley Shop. Again, sales tax is 5%. You record the inventory portion of the sale. Smiley Shop returns 10 units because they are the wrong color. Eagle View refunds the money. You record the inventory portion of the return. Eagle View receives the utility bill for the month. The total amount due is $500, payable net 20. Scnor Salsa pays its bill in full after the discount period. Cheer Choices pays the $10,000 deposit on its special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for your inventory on the basis defined in part 2. But note that this is not to be mixed in with the general inventory. Eagle View pays its employees for the third two weeks of business (January 29 - February II). The gross pay is $2,000, the employee taxes are $500 and the employer taxes are $500 Part of this has already been accrued in January. You pay the bill to Generic Office Supply within the discount period. You pay the bill to Shops-n-stuff, for the inventory purchased on February 3, within the discount period. Eagle View remits January payroll taxes to appropriate government agencies. Eagle View rcmits January sales taxes to appropriate government agencies. Mr. Rosen spends S l ,000 on advertising on the local news station. Happy Time pays its balance in full within the discount period. You record another sale on account. Wonderful Widgets purchased 25 units at $l,000 each. Tax is included at 5%. You record the inventory portion of the sale. Eagle View makes a sale on account to Giggles, Inc. It sells 25 units at $l,000 each. Because Giggles, Inc. is a distributor with a resale license, no sales tax is included. You record the inventory portion of the sale. Eagle View pays its employees for the fourth two weeks of business (February 12- 25). The gross pay is $2,000, the employee taxes are $500 and the employer taxes are $500 Eagle View delivers the 100 units of the special order to Giggles, Inc. Giggles, Inc. pays the $l0,000 due for the order. You record the inventory portion of the sale. Eagle View delivers the first 10 units of the special order to Cheery Choices. Cheery Choices pays the $1 1,000 due for the order. You record the inventory portion of the sale. Ron Rosen declares and pays a dividend of $5,000. 0' >g 100% it{ Back to Search STEP 3 7:48 AM 9 cms.psu.edu February 2016 Transaction Processing 1. Label and bring forward the balances onto the ledgers. That is. take the balance as of January 31, 2016 and tnake that the starting balance in the February ledgers. 2. Record the following transactions on the appropriate February Journal Entry Forms and post to the ledgers. 5. Prepare an Unadjusted Trial Balance as of February 28, 2016. Use lhefirst two columns of the trial balance worksheet. 6. Adjusting entries for Eagle View for the month of February 2016: A. Prepaid rent paid in January must be amortized. B. Depreciation must be recorded on the equipment. C. Interest on the bank loan must be recorded. D. A count of office supplies finds that $750 worth of supplies is still on hand. E. Prepaid insurance must be adjusted for February's portion of the insurance premium. F. Wages due for the period of January 29-31 must be accrued. Gross wages are $600, employee taxes are 3100 and employer taxes are S 100. G. An estimate of bad debts has detemiined that $l,000 is an appropriate balance for the allowance account. 7. Record the adjusting entries on the Adjusting Entry Form as well as in the ledgers. Complete the Trial Balance Worksheet through column 10. 8. Prepare the multi-step Income Statement and Statement of Retained Earnings for February using columns 7 and 8 of the Trial Balance. 9. Closing entries for Eagle View for the month of February 2016 must also be recorded on the Entry Form and in the ledgers. H. Close out all income statement accounts to income summary. 1. Close out dividends to income summary. J. Close out the income summary account. to. Record closing entries and complete the Trial Balance Worksheet. ll. Prepare the Balance Sheet and Statement of Cash Flows using the post-closing trial balance columns. Transactions for Eagle View for the Month of February 2016: 1 8a 9a 10 10a 11 12 13 14 15 16 17 18 19 20 2] 22 22a 23 233 February 1, 2016 February 1, 2016 February 1, 2016 February 2, 20l6 February 2, 2016 February 3, 2016 February 3, 2016 February 4, 2016 February 4, 2016 February 6, 2016 February 6, 2016 February 8, 2016 February 8, 2016 February 9, 2016 February 10, 2016 February 10, 2105 February 10, 2016 February 12, 2016 February 12, 2016 February 12, 2016 February 15, 2016 February 15, 2016 February 18, 2016 February 19, 2016 February 23, 2016 February 23, 2016 February 25, 2016 Fchrnarv 25. 2016 Eagle View purchases warehouse fixtures on account from Generic Office Supply for $lS,000. The terms are 2-15, net 30. The equipment has a 5-year life with $0 salvage value. You use straight-line depreciation. Giggles, Inc. pays the $l0,000 deposit on the special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for the inventory on the basis defined in Part 2. But note that this is not to be mixed in with the general inventory. You pay the bill to Office Shop from January. You pay the utility bill from January. Eagle View purchases inventory from Shops-n-stuff for $55,000 on account (100 units at $550 each). The terms are 2-l0, net 30. It keeps perpetual records for the inventory on the basis defined in Part 2. Eagle View purchases $500 in office supplies on account from Office Shop. The terms are net 30. Eagle View make a sale on account to Happy Times. It sells 10 units for $l,000 each. Sales tax is 5%. The terms are 2-15, net 30. You record the inventory portion of the sale. You record a cash sale of 20 units for $1,000 each to Smiley Shop. Again, sales tax is 5%. You record the inventory portion of the sale. Smiley Shop returns 10 units because they are the wrong color. Eagle View refunds the money. You record the inventory portion of the return. Eagle View receives the utility bill for the month. The total amount due is $500, payable net 20. Scnor Salsa pays its bill in full after the discount period. Cheer Choices pays the $10,000 deposit on its special order. Mr. Rosen puts in the purchase order for the special order inventory with Shops-n- stuff for $60,000. The terms are 2-10, net 30 from the special order date. Eagle View keeps perpetual records for your inventory on the basis defined in part 2. But note that this is not to be mixed in with the general inventory. Eagle View pays its employees for the third two weeks of business (January 29 - February II). The gross pay is $2,000, the employee taxes are $500 and the employer taxes are $500 Part of this has already been accrued in January. You pay the bill to Generic Office Supply within the discount period. You pay the bill to Shops-n-stuff, for the inventory purchased on February 3, within the discount period. Eagle View remits January payroll taxes to appropriate government agencies. Eagle View remits January sales taxes to appropriate government agencies. Mr. Rosen spends S l ,000 on advertising on the local news station. Happy Time pays its balance in full within the discount period. You record another sale on account. Wonderful Widgets purchased 25 units at $l,000 each. Tax is included at 5%. You record the inventory portion of the sale. Eagle View makes a sale on account to Giggles, Inc. It sells 25 units at $l,000 each. Because Giggles, Inc. is a distributor with a resale license, no sales tax is included. You record the inventorv nortion ofthe sale. 9' >B 100% Si