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I need the journal posted to General Journal using the account names listed on this excel file. Depreciation times, etc are posted. Use the following
I need the journal posted to General Journal using the account names listed on this excel file. Depreciation times, etc are posted.
Use the following balance sheet information from The Health and Fitness Centers' month- end financial statements dated August 31, 2018 and open t-accounts for each balance sheet line item. Then use the enclosed TRANSACTIONS AND ADDITIONAL INFORMATIO to complete the General Journal, Ledger, Worksheet and Financial Statements for the second month of operations during fiscal year 2018. Use the Perpetual Inventory method a discussed in class for all sales of merchandise. The Heath and Fitness Center Balance Sheet As of August 31, 2018 Assets: Cash Accounts Receivable Inventory- Concessions Supplies Prepaid Insurance Total Current Assets Land Building Equipment Furniture and Fixtures Accumulated Depreciation Total Assets $19,600 2,400 1,800 350 4.000 28,150 80,000 420,000 54,000 27,840 (2.490) $607,500 Accounts Payable Salaries Payable Interest Payable Unearned Revenue Note Payable Total Current Liabilities $4,800 2,900 1,300 400 399,400 Stockholder's Equity Common Stock 200,000 Total Liab. and SHE $607,500Step by Step Solution
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