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I need help finding the post closing trial balance On January 2 nd , Jerry Andrews, a dentist, opened a dental office. The following transactions
I need help finding the post closing trial balance On January nd Jerry Andrews, a dentist, opened a dental office. The following transactions were completed during the first month of operations. Jan Jerry invested $ cash and $ worth of dental equipment in the business in exchange for common stock in a new corporation called JA Dentist, Inc. Jan Paid four months rent of $ Jan Purchases $ of dental supplies and paid cash. Jan Paid insurance premiums of $ for a year insurance policy. Jan Earned and collected dental fees of $ in cash during the week. Jan Paid secretary a salary of $ Jan Purchased $ of dental supplies on account. Jan Bought an automobile for business use. It cost $ Jerry paid $ cash and signed a note payable for the balance. Jan Received a $ telephone bill that will be paid later. Jan Billed customers $ for dental fees earned during the week. Jan Received a $ electric bill that will be paid later in the month. Jan Paid $ for dental supplies purchased on Jan Jan Earned and collected dental fees of $ in cash during the week. Jan Paid $ for advertising in a local newspaper. Jan Received a $ water bill that will be paid later. Jan Paid $ for advertising in a local newspaper. Jan Received $ from customers on account. Jan Paid a dividend of $ to Jerry Andrew the sole stockholder. Jan Paid the telephone, water, and electricity bills. Jan Billed customers $ for dental fees earned during the week. Jan Received $ from customers on account. Required: Complete these steps in order, do not move on to the next step until you are sure that the previous steps are completed correctly Record the January Transactions in a general journal. Make the appropriate journal entries and you may omit journal entry descriptions. Post the journal entries to the general ledger. Prepare a trial balance for January. Record adjusting entries in the general journal and post the adjusting entries to the general ledger. Dental supplies on hand at the end of the month amount to $ Make adjusting entry for the insurance premiums expired. Accrued $ for salary earned that will be paid in February. Ignore depreciation for this month. No adjustment needed. Do you need an adjustment for Rent Expense? Prepare an adjusted trial balance for January Prepare the income statement, statement of retained earnings and balance sheet as of January Since January is the end of the fiscal year record the closing entries in the general journal and post the closing entries to the general ledger. Prepare a postclosing trial balance as of January
I need help finding the post closing trial balance On January nd Jerry Andrews, a dentist, opened a dental office. The following transactions were completed during the first month of operations.
Jan Jerry invested $ cash and $ worth of dental equipment in the business in exchange for common stock in a new corporation called JA Dentist, Inc.
Jan Paid four months rent of $
Jan Purchases $ of dental supplies and paid cash.
Jan Paid insurance premiums of $ for a year insurance policy.
Jan Earned and collected dental fees of $ in cash during the week.
Jan Paid secretary a salary of $
Jan Purchased $ of dental supplies on account.
Jan Bought an automobile for business use. It cost $ Jerry paid $ cash and signed a note payable for the balance.
Jan Received a $ telephone bill that will be paid later.
Jan Billed customers $ for dental fees earned during the week.
Jan Received a $ electric bill that will be paid later in the month.
Jan Paid $ for dental supplies purchased on Jan
Jan Earned and collected dental fees of $ in cash during the week.
Jan Paid $ for advertising in a local newspaper.
Jan Received a $ water bill that will be paid later.
Jan Paid $ for advertising in a local newspaper.
Jan Received $ from customers on account.
Jan Paid a dividend of $ to Jerry Andrew the sole stockholder.
Jan Paid the telephone, water, and electricity bills.
Jan Billed customers $ for dental fees earned during the week.
Jan Received $ from customers on account.
Required: Complete these steps in order, do not move on to the next step until you are sure that the previous steps are completed correctly
Record the January Transactions in a general journal. Make the appropriate journal entries and you may omit journal entry descriptions.
Post the journal entries to the general ledger.
Prepare a trial balance for January.
Record adjusting entries in the general journal and post the adjusting entries to the general ledger.
Dental supplies on hand at the end of the month amount to $
Make adjusting entry for the insurance premiums expired.
Accrued $ for salary earned that will be paid in February.
Ignore depreciation for this month. No adjustment needed.
Do you need an adjustment for Rent Expense?
Prepare an adjusted trial balance for January Prepare the income statement, statement of retained earnings and balance sheet as of January
Since January is the end of the fiscal year record the closing entries in the general journal and post the closing entries to the general ledger.
Prepare a postclosing trial balance as of January
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