Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I just need the general journal, the income statement, the balance sheet and especially the impact on income please Unadjusted ECO BUILD Trial Balance December

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

I just need the general journal, the income statement, the balance sheet and especially the impact on income please

Unadjusted ECO BUILD Trial Balance December 31, 2021 Account Title Credit Cash $ Debit 31,580 15,200 2,940 2,960 5,900 12,000 26,400 79,500 Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment N. Miller, Capital N. Miller, Withdrawals Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 5,700 32,100 5,040 1,810 820 380 870 $ 111,600 $ 111,600 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted ECO BUILD Statement of Owner's Equity For Three Months Ended December 31, 2021 N. Miller, Capital, October 1, 2021 Add: Investments by owner 79,500 $ 0 79,500 79,500 T Less: Withdrawals by owner 5,700 (5,700) 73,800 N. Miller, Capital, December 31, 2021 $ Unadjusted General Ledger Account Cash Accounts receivable No. Date Debit Credit No. Date Debit Credit Balance 31,580 Balance 15,200 Nov 30 Nov 30 Computer supplies Prepaid insurance No. Date Debit Credit Balance No. Date Debit Credit Balance 2,960 Nov 30 2,940 Nov 30 Prepaid rent Office equipment No. Date Debit Credit No. Debit Credit Balance 5,900 Date Nov 30 Balance 12,000 Nov 30 Computer equipment N. Miller, Capital No. Date Debit Credit No. Debit Credit Balance 26,400 Date Nov 30 Balance 79,500 Nov 30 N. Miller, Withdrawals Computer services revenue No. Debit Credit No. Date Debit Credit Date Nov 30 Balance 5,700 Balance 32,100 Nov 30 Advertising expense Wages expense Debit Credit No. Date No. Debit Credit Balance 5,040 Date Nov 30 Balance 1,810 Nov 30 Nov 30 26,400 Nov 30 79,500 N. Miller, Withdrawals Computer services revenue No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 5,700 Nov 30 32,100 Wages expense Advertising expense No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 5,040 Nov 30 1,810 Mileage expense cellanous expenses No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 820 Nov 30 380 Repairs expense - Computer No. Date Debit Credit Balance Nov 30 870 General Journal Trial Balance > Eco Build began operations on October 1, 2021. The November 30, 2021 unadjusted trial balance is included on the trial balance tab. Record the following transactions and events for December, 2021. December 2 Paid $1,090 cash to Creekside Mall for Eco Build' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $6,100 cash from Marshall Engineering Company for the receivable from November. December 10 Paid cash to John Miller for six days of work at the rate of $240 per day. December 14 Notified by Marshall Engineering Company that Eco Build' bid of $7,200 on a proposed project has been accepted. Marshall paid a $1,600 cash advance to Eco Build. December 15 Purchased $1,750 of omputer supplies on credit from Byrnes Office Products. December 16 Sent a reminder to Arnold Company to pay the fee for services recorded on November 8. December 20 Completed a project for Sanchez Corporation and received $6,900 cash. December 28 Received $4,000 cash from Arnold Company on its receivable. December 29 Reimbursed N. Miller for business automobile mileage (750 miles at $0.32 per mile). December 31 N. Miller withdrew $1,900 cash from the company for personal use. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of computer supplies shows $1,100 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, John Miller has not been paid for four days of work at $240 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income Prepare journal entries for each of the December transactions. If no journal entry is required, select "No journal entry required" in the first account field. Then, using the 3-step adjusting entry process, and the information given for adjustments, 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 balance for accuracy. Show less A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

12th edition

978-0131495388

Students also viewed these Accounting questions