I am sorry if its blurry I cant do much about it, to me they look decent but i can understand why some would say its blurry, if you can please still try and help please i have until midnight
Reg 2A Reg 2 Post the journal entries from requirement 1 to T-accounts, calculate ending balances. Cash Accounts Receivable Beg. Bal. Beg. Bal End, Bal 0 End Bal 0 Equipment Accumulated Depreciation Beg. Bal. Beg Bal End. Bal. 0 End. Bal. 0 Deferred Revenue Salaries and Wages Payable Bog. Bal. Beg Bal End. Bal End Bal 0 Interest Payable Income Tax Payable Beg Bal Beg Bal End. Bal 0 End. Bal 0 Notes Payable (long-term) Common Stock Beg Bal. Beg. Bal End. Bal. 0 End. Bal. 0 Retained Earnings Service Revenue Beg Bal. Beg Bal End Bal Fnd Bal Travel Expense Salaries and Wages Expense Beg Bal Beg Bal End Bal 0 End Bal 0 Interest Expense Depreciation Expense Beg Bal Beg Bal End. Bal. 0 End. Bal. Income Tax Expense Beg. Bal End Bal 0 Complete this question by entering your answers in the tabs below. Reg 3A Req 3B Prepare an income statement for the month ended January 31. RUNHEAVY CORPORATION Income Statement Required information (The following information applies to the questions displayed below. RunHeavy Corporation (RHC) is a corporation that manages a local band. RHC was formed with an investment of $10,800 cash, paid in by the leader of the band on January 3 in exchange for common stock. On January 4, RHC purchased music equipment by paying $1,600 cash and signing an $9,200 promissory note payable in three years. On January 5, RHC booked the band for six concert events, at a price of $2,700 each. Of the six events, four were completed between January 10 and 20. On January 22, cash was collected for three of the four events. The other two bookings were for February concerts, but on January 24, RHC collected half of the $2,700 fee for one of them. On January 27, RHC paid $2.740 cash for the band's travel-related costs. On January 28, RHC paid its band members a total of $2,280 cash for salaries and wages for the first three events. As of January 31, the band members hadn't yet been paid wages for the fourth event completed in January, but they would be paid in February at the same rate as for the first three events. As of January 31, RHC has not yet recorded the $151 of monthly depreciation on the equipment. Also, RHC has not yet paid or recorded the $69 interest owed on the promissory note at January 31. RHC is subject to a 20% tax rate on the company's income before lax. 3-a. Prepare an income statement for the month ended January 31. 3-b. Prepare a classified balance sheet for the month ended January 31, Complete this question by entering your answers in the tabs below. Rey 3A Reg 38 Prepare a classified balance sheet for the month ended January 31. (Amounts to be deducted should be indicated by a minus sign.) RUNHEAVY CORPORATION Balance Sheet Record the entry for the investment of $10,800 cash, paid by the leader of the band. ler of the 2 Record the purchase of music equipment by paying $1,600 cash and signing an $9,200 promissory note payable in three years. 3 Record the entry for the booking of the band for six concert events, at a price of $2,700 each. Credit 4 Record the entry for revenue for the four events completed. 5 Record the receipt of cash for three of the four events at $2,700/event. Note : = journal entry has been entered Record entry Clear entry View general journal Required information (The following information applies to the questions displayed below.) RunHeavy Corporation (RHC) is a corporation that manages a local band. RHC was formed with an investment of $10,800 cash, paid in by the leader of the band on January 3 in exchange for common stock. On January 4, RHC purchased music equipment by paying $1,600 cash and signing an $9,200 promissory note payable in three years. On January 5, RHC booked the band for six concert events, at a price of $2,700 each. Of the six events, four were completed between 10 and 20. On January 22, cash was collected for three of the four events. The other two bookings were for February concerts, but on January 24, RHC collected half of the $2,700 fee for one of them. On January 27, RHC paid $2,740 cash for the band's travel-related costs. On January 28, RHC paid its band members a total of $2,280 cash for salaries and wages for the first three events. As of January 31, the band members hadn't yet been paid wages for the fourth event completed in January, but they would be paid in February at the same rate as for the first three events. As of January 31, RHC has not yet recorded the $151 of monthly depreciation on the equipment. Also, RHC has not yet paid or recorded the $69 interest owed on the promissory note at January 31. RHC is subject to a 20% tax rate on the company's income before tax. January Required: 1. Prepare journal entries to record the transactions and adjustments needed on each of the dates indicated above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 12 > 8 Record the payment of $2,280 cash for wages for three events. ler of the Record the entry for the wages due but not paid for the fourth event. 10 Record the entry for depreciation of $151/month which has not yet been recorded. Credit 11 Record the $69 interest expense not yet recorded and paid. 12 Record the income tax expense at 20% on the company's income before tax. Note : = journal entry has been entered Record entry Clear entry View general journal 2. Post the journal entries from requirement 1 to T-accounts, calculate ending balances, and prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Prepare an adjusted trial balance. RUNHEAVY CORPORATION Adjusted Trial Balance Debit Credit Cash Accounts Receivable Equipment Accumulated Depreciation Deferred Revenue Salaries and Wages Payable Interest Payable Income Tax Payable Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Travel Expense Salaries and Wages Expense Interest Expense Depreciation Expense Income Tax Expense Totals $ 0
