I dont mind posting it in a second question, i just need to know where to start it (its all one question for me). Its all connected and Im honestly not sure how this problem works, its a different format than the rest Ive had.
Apr. 1 Tanner invests 380,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Apr. 2 The company prepaid $9,000 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. Apr. 6 The company completed services for a client and immediately received $4,900 cash. Apr. 9 The company completed a $6,000 project for a client, who must pay within 30 days. Apr. 13 The company paid $11,600 cash to settle the account payable created on April 3. Apr. 19 The company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received $4,400 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $2,890 on credit. Apr. 28 The company paid $5,500 cash in dividends. Apr. 29 The company purchased $600 of additional office supplies on credit. Apr. 30 The company paid $435 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $9,000 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April 1 c) Office supplies on hand as of April 30 total $1.200. d) Straight line depreciation of office equipment, based on a 5-year life and a $4.000 salvage value, is $500 per month e) The company has completed work for a client, but has not yet billed the $1,800 fee. 1) Wages due to employees, but not yet paid, as of April 30 total $2,600. General General Income St Retained Impact on Requirement Journal Ledger Trial Balance Statement Earnings Balance Sheet Income General Journal tab -For each transaction, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the general ledger and trial General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances, Trial Balance tab - You may view either the unadjusted or adjusted trial balance by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Statement of Retained earnings tab - The unadjusted or adjusted balances will appear for each account, based on your selection, Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection Impact on Income tab -For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctly report earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as sc "record entry". View transaction list Journal entry worksheet 1 2 3 4 5 6 On April 2, the company prepaid $9,000 cash for twelve months' rent for office space. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Unadjusted ho General Ledger Account Cash Accounts receivable No. Date Debit Credit No. Date Debit Balance 59.465 Credit Apr 30 Apr 30 Balance 4,490 Office supplies Debit Credit Prepaid insurance No. Date No. Balance 4,200 Debit Credit Apr 30 Date Apr 30 Balance 2,400 Prepaid rent Debit No. Date Credit Office equipment Debit Credit No. Date Apr 30 Balance 9,000 Apr 30 Balance 34,000 Accounts payable Debit Credit Common stock No. No. Date Apr 30 Date Debit Balance 600 Credit Apr 30 Balance 106,000 Dividends No. Debit Services revenue Debit Credit Credit Date Apr 30 No. Balance 5,500 Date Apr 30 Balance 12,890 Utilities expense Debit Credit No. Date Apr 30 Balance 435 Income You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted ped Unadjusted Adjusted LINKWORKS Trial Balance April 30, 2017 Account Title bok Credit $ int Cash Accounts receivable Office supplies Prepaid Insurance Prepaid rent Office equipment Accounts payable Common stock Dividends Services revenue Utilities expense Total Debit 59.465 4,490 4 200 2.400 9,000 34,000 600 106,000 5,500 12,890 S 435 119,490 5 119,490 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted LINKWORKS Income Statement For Month Ended April 30, 2019 Revenues $ 0 Expenses 0 0 0 0 0 0 0 Net Income $ Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted LINKWORKS Statement of Retained Earnings For Month Ended April 30, 2019 Retained earnings, April 1, 2019 Add: Net Income Less: Dividends Retained earnings, April 30, 2019 $ (5.500) Show less Unadjuste Unadjusted Adjusted LINKWORKS Balance Sheet April 30, 2019 ASSETS Current assets $ 0 0 0 0 0 0 $ 0 Plant assets 0 0 $ LIABILITIES AND EQUITY Liabilities $ 0 0 0 0 Equity 0 0 $ 0