23 _888 2. Post the above December transactions Into the General Ledger accounts. 24 3. Prepare an unadjusted trial balance 4. Journalize the following adjusting entries: 26 a. Unpaid wages were $610 as of December 31 b. The December 31 office supplies Inventory was $180 28 . The moving supplies Inventory was $4,530 on December 31 d. The unexpired portion of the prepaid insurance was $9,475 as of Dec. 31 e. Depreciation for the year on the trucks was $50,350 31 f. Depreciation for the year on the building was $7,400 32 g. Unearned storage revenue balance at Dec. 31 was $650 33 h. Interest expense on the notes payable was $24,700 34 35 5. Post the adjusting entries 36 6. Prepare an adjusted trial balance 37 7. Prepare an income statement 38 8. Prepare a statement of owner's equity 39 9. Prepare a balance sheet 40 10. Journalize the closing entries 41 11. Post the closing entries 42 12. Prepare a post-closing trial balance 43 44 CHECK FIGURES: 45 Unadjusted trial balance 798,935 -46 Adjusted trial balance 881,995 47 Net Income 30,050 48 49 50 61 A B D E F Principles of Accounting I Comprehensive Problem 1. Journalize the following December transactions. Dec. 2 Recelved $180 as advance payments on storage rental Dec. 5 Paid accounts payable of $720 Dec. 6 Paid Insurance premiums of $8,100 in advance Dec. 7 Deposited $8,700 from completed moving jobs. Dec. 10 Purchased $1,560 of moving supplie on credit Dec. 12 Acquired additional truck worth $56,000 by paying $6000 cash and signing a long-term note payable for the balance Dec. 14 Paid wages of $2,700 for the period Dec. 1-14 Dec. 17 Purchased $130 of office supplies on credit Dec. 21 Deposited $6,260 from completed moving jobs and $1,600 of storage revenue receipts Dec. 24 Paid $860 for repairs to truck for damages sustained in an accident. Dec. 28 Paid wages of $2,850 for the period Dec. 15-28. Dec. 30 Paid $900 to a magazine for advertisements that appeared in December Dec. 30 George Sanders (owner) withdrew $1,600 cash for personal use. Dec. 31 Deposited $4,700 from completed moving jobs and $800 of storage revenue receipts 2. Post the above December transactions into the General Ledger accounts. 3. Prepare an unadjusted trial balance 4. Journalize the following adjusting entries: Unpaid wages were $610 as of December 31 b. The December 31 office supplies inventory was $180+ The moving supplies inventory was $4,530 on December 31 The unexpired portion of the prepaid insurance was $9,475 as of Dec. 31 Depreciation for the year on the trucks was $50,350 Deprecation for the year on the building was $7.100 Utoare 12
