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I just finished this bit i am not sure if it is correct since the numbers in REQ 3 don't equal each other. i am

I just finished this bit i am not sure if it is correct since the numbers in REQ 3 don't equal each other. i am not sure about the others either! Please help!!

Jessica Pothier opened FunFlatables on June 1. The company rents out moon walks and inflatable slides for parties and corporate events. The company also has obtained the use of an abandoned ice rink located in a local shopping mall, where its rental products are displayed and available for casual hourly rental by mall patrons. The following transactions occurred during the first month of operations.

  1. Jessica contributed $45,000 cash to the company on June 1 in exchange for its common stock.
  2. Purchased inflatable rides and inflation equipment on June 2, paying $25,200 cash.
  3. Received $7,450 cash from casual hourly rentals at the mall on June 3.
  4. Rented rides and equipment to customers for $13,550. Received cash of $2,500 on June 4 and the rest is due from customers.
  5. Received $3,350 from a large corporate customer on June 5 as a deposit on a party booking for July 4.
  6. Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $1,170.
  7. On June 7, paid $8,900 in cash for renting the mall space this month.
  8. On June 8, prepaid next months mall space rental charge of $8,900.
  9. Received $2,650 on June 9 from customers on accounts receivable.
  10. Paid $1,650 for running a television ad on June 10.
  11. Paid $4,700 in wages to employees on June 30 for work done during the month.

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Jessica Pothier opened FunFlatables on June 1. The company rents out moon walks and inflatable slides for parties and corporate events. The company also has obtained the use of an abandoned ice rink located in a local shopping mall, where its rental products are displayed and available for casual hourly rental by mall patrons. The following transactions occurred during the first month of operations. 22 points eBook a. Jessica contributed $45,000 cash to the company on June 1 in exchange for its common stock. b. Purchased inflatable rides and inflation equipment on June 2, paying $25,200 cash. c. Received $7,450 cash from casual hourly rentals at the mall on June 3. d. Rented rides and equipment to customers for $13,550. Received cash of $2,500 on June 4 and the rest is due from customers. e. Received $3,350 from a large corporate customer on June 5 as a deposit on a party booking for July 4. f. Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $1,170. g. On June 7, paid $8,900 in cash for renting the mall space this month. h. On June 8, prepaid next month's mall space rental charge of $8,900. Received $2,650 on June 9 from customers on accounts receivable. j. Paid $1,650 for running a television ad on June 10. k. Paid $4,700 in wages to employees on June 30 for work done during the month. Print References Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance for the end of June. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net profit margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req3 Req 4A Req 4B Prepare an unadjusted trial balance for the end of June. Credit 1,480 FUNFLATABLES Unadjusted Trial Balance At June 30 Account Name Debit Cash $ 8,250 Accounts Receivable Supplies 1.170 Prepaid Rent 8,900 Equipment 25,200 Accounts Payable Deferred Revenue Common Stock Service Revenue Rent Expense 8,900 Salaries and Wages Expense 4,700 Advertising Expense 1,650 Total $ 58,770 2,500 3,350 45,000 21,000 $ 73,330 Mc Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4A Req 4B Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net profit margin. (Round "Net Profit Margin" to 1 decimal place.) $ Preliminary Net Income Net Profit Margin 14,560 28.6 % Complete this question by entering your answers in the tabs below. Req 1 Req 1 Req 2 Req2 Req3 Req3 Req 4A Reg 44 Reg 4B Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor. O Better Worse

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