I was wondering if you could help figure out the General Ledger for Chapter 3 problem 3-9A of fundamental accounting principle.
b. An analysis of th March 1,a17 t 1, 217 and the Prepaid Insu have been made to No lusting entries harre a tot th five-day wo aid salaries for five fuli da id in full at the purchase date, a uius accout was debited for the full cast. Approprate a 30, 2016 or every working rieseek ending on the The total premunm for each policy was paid in fu all 15 employees work ees worked eThe company has 16 enployees who earn a total of $4,800 in day They are paid cach Monday for their work in the five-da December 1,2017 d. The company purchased a building on July 1, 2017. The building 06,000 and is preceding Priday, November 30, 2017, fals on a Sunday, and November 24 to 28 f its predicted 30-year life it arranged to rent 017. The rent was paid expected to have a 5,00resitual value at the end of fts predicted 30 ctober 1, 2 e. Because the company is not large enough to occupy the entire buildi However the enant hus not paid the November rent. The company has agreement with the tenant, who has promised to pay both November's and D space to a tenant at $3,100 per month, starting on October 1,20 worked out an L.and the amount received was credited to the Rent Reu some on time on October L, and the amount r in full on December 15 ace to another tenant for $3,650 per m t. On October L, the company abo rented space to another tenant for $ tenant paid five months' rent in advance on that date. The credit to the Unearned Rent account. t. Use the information to prepare the annual adjusting entries as of November 30, 2017. 2 Prepare journal entriesto record the subsequent cash transactions in December 2017 described im parts (c) and (e). Problem 3-9A Adjusting entries (annual) L04 unadjusted trial balance at October 31, 2017, follows: on October 3L, 2017. Rainnaker Eavironmental Consultansis just finishing its second year of operations. The companys Rainmaker prepares adjusments each October 31. The following additional information is available a. It wnas determined that $1200 of the unearned consulting revenue had not yet be Require Probler CHECK Require 1. Set earned It was discovered that $4,00 of the balance in the Consulting Revenu services to be perforned in November c. The balance in the Prepaid Rent account represents three months ot t of the balance in the Consulting Revenue account was September 1,2017 d. Accrued wages at October 31l totalled $6,800. anc 2. Pos 3. Pre 208 a ba CHAPTER 3 Adjusting Accounts for Financial Statements e. The office furniture was purchased on March 1,2016, and has an estimated useful life of two gears. After two years of use, it is expected that the furniture will be worthless f. Accrued consulting revenue at year-end totalled $4,200 Rainmaker Environmental Consultants Unadjusted Trial Balance October 31, 2017 Credit Acct. No. 101 106 10q Account Debit Cash Accounts receivable. Interest receivable Notes receivable Supplies Prepaid Insurance. Prepaid rent Office fumiture. Accumulated depreciation, 61,000 50,000 5,300 3,400 27,000 84,000 126 128 131 161 162 office furniture.. Accounts payable.... Wages payable 18,000 201 210 233 Unearned consulting revenue.. 301 Jeff Moore, capital 302 Jeff Moore, withdraw.s. 401 40 Interest Income.... 601 Depreciation expense, office furniture 622 Wages expense 637 640 650 Supplies expense... 26,000 223,000 .. .. 28,000 232,020 480 Consulting revenue.. 192,0o0 Insurance expense . Rent expense 44,000 6,800 lotals.. . . $527.500 $527,500 g. Interest of 885 had accrued on the note receivable for the month of October h. The balance in the Prepaid Insurance account represents the remaining balance of a two- year policy purchased on April 1, 2016. A count of the supplies on October 31 revealed a balance remaining of $620. i. Required Prepare the annual adjusting journal entries for October 31, 2017, based on the above Problem 3-10A Posting, adjusted trial balance, and preparing financial statements Lo6,7 CHECK FIGURES: 3. Adjusted trial balance, debits $580,585 4. Loss-$79,845 Required Using the information in Problem 3-9A, complete the following 1. Set up balance column le accounts for Rainmaker Environmental Consultants and enter the bal- ances listed in the unadjusted trial balance 2 Post the adjusting entries prepared in Problem 3-9A to the accounts 3. Prepare an adjusted trial balance. 4. Use the adjusted trial balance to prepar e an income statement, a statement of changes in equity, and a balance sheet. Assum e that the owner, Jeff Moore, made no owner investments during the year 209 b. An analysis of th March 1,a17 t 1, 217 and the Prepaid Insu have been made to No lusting entries harre a tot th five-day wo aid salaries for five fuli da id in full at the purchase date, a uius accout was debited for the full cast. Approprate a 30, 2016 or every working rieseek ending on the The total premunm for each policy was paid in fu all 15 employees work ees worked eThe company has 16 enployees who earn a total of $4,800 in day They are paid cach Monday for their work in the five-da December 1,2017 d. The company purchased a building on July 1, 2017. The building 06,000 and is preceding Priday, November 30, 2017, fals on a Sunday, and November 24 to 28 f its predicted 30-year life it arranged to rent 017. The rent was paid expected to have a 5,00resitual value at the end of fts predicted 30 ctober 1, 2 e. Because the company is not large enough to occupy the entire buildi However the enant hus not paid the November rent. The company has agreement with the tenant, who has promised to pay both November's and D space to a tenant at $3,100 per month, starting on October 1,20 worked out an L.and the amount received was credited to the Rent Reu some on time on October L, and the amount r in full on December 15 ace to another tenant for $3,650 per m t. On October L, the company abo rented space to another tenant for $ tenant paid five months' rent in advance on that date. The credit to the Unearned Rent account. t. Use the information to prepare the annual adjusting entries as of November 30, 2017. 2 Prepare journal entriesto record the subsequent cash transactions in December 2017 described im parts (c) and (e). Problem 3-9A Adjusting entries (annual) L04 unadjusted trial balance at October 31, 2017, follows: on October 3L, 2017. Rainnaker Eavironmental Consultansis just finishing its second year of operations. The companys Rainmaker prepares adjusments each October 31. The following additional information is available a. It wnas determined that $1200 of the unearned consulting revenue had not yet be Require Probler CHECK Require 1. Set earned It was discovered that $4,00 of the balance in the Consulting Revenu services to be perforned in November c. The balance in the Prepaid Rent account represents three months ot t of the balance in the Consulting Revenue account was September 1,2017 d. Accrued wages at October 31l totalled $6,800. anc 2. Pos 3. Pre 208 a ba
