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i need help with this whole problem because i think i did it wrong Packet Exercise 4.2 Zeus Inc. is a landscaping company that prepares

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Packet Exercise 4.2 Zeus Inc. is a landscaping company that prepares annual financial statements on September 30th of each year. Using the information below prepare the requested journal or adjusting entries, Indicate the effect that each entry has on the company's net income. How does this entry affect Net Income? (cicle one) Information On 7/1/2018 Zeus Inc. received a check for $10,000 from a customer for lawn service for the 6 month period July-December. What entry was made on 7/1/2018 What entry is needed on 9/30/2018 ncreas Decrease None As of 9/30/2018 various investments owned by Zeus earned $200 in How does this entry affect interest income, but the cash has not yet been received by Zeus. Net Income? (circle one) What entry is needed on 9/30 2018 What entry is made when the interest is received in October On 9/1/2018 Zeus purchased supplies on account costing $800. How does this entry affect Decrease None Increase Decrease Sone Supplies were capitalized when purchased. As of 9/30/2018 the unused Net Income? (circle one) supplies totaled $320. What entry was made on 9/1/2018 Increase Decrease What entry is needed on 9/302018? What entries are needed if Zeus expensed the supplies when they were purchased on 9/1 What entry was made on 9/1/2018 es Erpense Increase Decrease None What entry is needed on 9/30/20182 Increase Decrease None 56 On 6/1/2018 Zeus paid $36,000 for a 12-month office space lease. How docs this entry afect What entry was made on 6 12018 Net Income? (circle one) Increase Decrease None What entry is needed on 9/302018 Increase Decrease None On 10/1/2011 Zeus paid $72.000 for specialized machinery with a 10 How does this catry afci year useful life and no residual value. Zeus uses the straight line Net Income depreciation method and prepares financial statements annually every year on September 30 What entry was made on 10/1/2011 when machinery was purchased? does this entry affect (circle one) Increase Decrease None What entry is needed on 9/302013 Increase Decrease None What ope of accownt is Accumnlated Depreciarion? What is the 9/30/2018 balance in the Accumulated Depreciation accounr? On 9/30/2018Zeus's employees had carned $8,100 that will be paid How does this entry affect on 10/1/2018. What entry is needed on 930/20187 Net Income? (circle one) Increase Decrease None What entry is made on 101/20187 Increase Decrease None On 12/1/2017 Zeus borrowed $150,000 signing a Note Payable with a How does this entry affect simple (no compounding) annual interest rate of 6%. The principal Net Income? (circle one) and interest on the N/P is due at maturity on 10/1/2018. What entry was made on 12/1/2017 when note payable was signed Increase Decrease None What entry is needed on 9/302018 Increase Decrease None What entry is made on 10/1/2018 Increase Decrease None

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