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I need help with journal, adjauting entries, income statement, OE And balance sheet i need help with closing entries, adjusting entries, income statement, owners equity
I need help with journal, adjauting entries, income statement, OE And balance sheet
i need help with closing entries, adjusting entries, income statement, owners equity and balance sheet. complete the accounting cycle for septmber based of "everything delivered" from august.
September September Information Everything Delivered Post Closing Trial Balance For the Month Ended August 31, 2020 \begin{tabular}{|l|r|r|} \hline Account & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline Cash & $32,450 & \\ \hline Accounts Receivable & $66,450 & \\ \hline Supplies & $1,525 & \\ \hline Equipment & $14,000 & \\ \hline Accumulated Depreciation - Equip & \\ \hline Prepaid Rent & $2,400 & \\ \hline Prepaid Insurance & $4,125 & \\ \hline Accounts Payable & & $750 \\ \hline Salaries Payable & & \\ \hline Unearned Revenue & & $1,300 \\ \hline Capital & & $175 \\ \hline & & $15,975 \\ \hline Total & & \\ \hline & & \\ \hline \end{tabular} August Joumal Enthies for Evergthing Drivered Assets: \begin{tabular}{|r|r|} \hline \multicolumn{2}{|c|}{ Cash } \\ \hline$13,500 & $4,800 \\ \hline & $4,500 \\ \hline$5,500 & \\ \hline$15,300 & \\ \hline & $400 \\ \hline & $5,200 \\ \hline & $1,750 \\ \hline$9,450 & \\ \hline & $600 \\ \hline$4,000 & \\ \hline$12,000 & \\ \hline & $1,750 \\ \hline & $325 \\ \hline & $675 \\ \hline$5,200 & $12,500 \\ \hline$32,450 & \\ \hline \end{tabular} Liabilities: \begin{tabular}{|r|r|} \hline \multicolumn{2}{|c|}{ Accounts Payable } \\ \hline$5,200 & $6,500 \\ \hline & \\ \hline & \\ \hline & $1,300 \\ \hline & \\ \hline & Unearned Revenue \\ \hline & $5,500 \\ \hline & \\ \hline & $5,500 \\ \hline \end{tabular} Owner's Equity: Harry Warren, Capitai Accounts Recelvable \begin{tabular}{|r|r|} \hline$70,800 & $15.300 \\ \hline$13,300 & \\ \hline$6,650 & \\ \hline & $12,000 \\ \hline$3,000 & \\ \hline$66,450 & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline & $95,000 \\ \hline & \\ \hline & $95,000 \\ \hline & \\ \hline \end{tabular} Drawing \begin{tabular}{|l|l|} \hline & $12,500 \\ \hline & $12,500 \\ \hline \end{tabular} Supplies \begin{tabular}{|r|r|} \hline$3,200 & \\ \hline$600 & \\ \hline & \\ \hline$3,800 & \\ \hline \end{tabular} Revenue: Fees Eamed \begin{tabular}{|r|r|} \hline & $13,300 \\ \hline & $9,450 \\ \hline & $6,650 \\ \hline \end{tabular} Expenses: \begin{tabular}{|r|r|} \hline \multicolumn{2}{|c|}{ Salaries Expense } \\ \hline$1,750 & \\ \hline$1.750 & \\ \hline & \\ \hline$3,500 & \\ \hline \end{tabular} Advertising Expense. \begin{tabular}{|r|r|} \hline$400 & \\ \hline & \\ \hline & \\ \hline$400 & \\ \hline \end{tabular} Everything Delivered Unadjusted Trial Balance For the Month Ended August 31, 2021 80 Everything Delivered Adjusted Trial Balance For the Month Ended August 31, 2021 30 Everything Delivered Income Statement For the Month Ended August 31, 2020 Rerenue: Everything Delivered Statement of Owner's Equity For the Month Ended August 31, 2020 \begin{tabular}{|c|r|r|r|} \hline Beginning Balance, Owner's Equily, Augunt 1, 2020 & $50 \\ \hline Investment by Owner & & $95,000 & \\ \hline Net Income & $33,475 & \\ \hline Lessi Drawing & & (12,500,00) & \\ \hline Increase to Owner's Equity & & $115,975 \\ \hline Ending Balance, Owner's Equity, & & $115,975 \\ \hline \end{tabular} Everything Delivered Balance Sheet As of August 31, 2020 Everything Delivered Post Closing Trial Balance For the Month Ended August 31, 2020 \begin{tabular}{|l|r|r|} \hline Account & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline Cash & $32,450 & \\ \hline Accounts Recelvable & $66,450 & \\ \hline Supplies & $1,525 & \\ \hline Equipment & $14,000 & \\ \hline Accumulated Depreciation - Equip & \\ \hline Prepaid Rent & $2,400 & \\ \hline Prepaid Insurance & $4,125 & \\ \hline Accounts Payable & & $750 \\ \hline Salaries Payable & & $1,300 \\ \hline Unearned Revenue & & $2,750 \\ \hline Capital & & $115,975 \\ \hline & & \\ \hline Tolal & & $120,950 \\ \hline & & \\ \hline \end{tabular} Accounting 100 Project: Complete the Accounting Cycle for September September Information 98y K Beerliower as adapted from openstax.0rg/books/piciples - financial-acrounting/pages/5 - appentix et al Step by Step Solution
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