Im going to use the sweep Inc General journal as my final part the t accounts are not important to me other than to help make sure my account balances are correct

ACR 11-2 Char Tell me what you want to d Be careful -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW H10 1 Clean Sweep Chart of Accounts 2 3 Cash 4 Accounts Receivable 5 Supplies 6 Prepaid Insurance 7 Prepaid Expenses 8 Allowance for Doubtful Accounts 9 Equipment Accumulated Depreciation - Equipment 1 Accounts Payable 12 Notes Payable 3 Salaries and Wages Payable 14 Interest Payable 15 Income Taxes Payable 6 Unearned Service Revenue 17 Common Stock 8 Paid in Capital in Excess of Par Common 19 Dividends 20 Treasury Stock 21 Retained Earnings 22 Income Summary 23 Service Revenue 24 Utilities Expense 25 Salaries and Wages Payable 26 Insurance Expense 7 Depreciation Expense 28 Bad Debt Expense 29 Supplies Expense 30 Interest Expense 1 Loss on Disposal of Plant Assets 32 Income Tax Expense Chart of Accounts Ready O Type here to search Et ts/accounting%20final%20project ACR%2011-2% 2OT Account%24)template.pdf Debit Credit Debit Credit Debit Credit Debit Debit Credit Debit Credt 43% ACR11-2 Template (2) [Protected View) File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing D9 Clean Sweep Inc. GENERAL JOURNAL 3 Date Account Description Debit Credit Part (a) Part (b) Part ( Pat()Part (e) Part ( Part (g) Part (g) cont Part (h) Type here to search Chapter 11, Problem ACR11-2 Karen Noonan opened Clean Sweep Inc on February 1, 2017 During February, the following transactions were completed Feb. 1 Issued 5,000 shares of Clean Sweep common stock for $13,000 Each share has a $1.50 par 1 Borrowed $8,000 on a 2-year, 6% note payable. 1 Paid $9,020 to purchase used floor and window cleaning equipment from a company going out of business ($4,820 was for the floor equipment and $4,200 for the window equipment) 1 Paid $220 for February Intermet and phone services 3 Purchased cleaning supplies for $980 on account 4 Hired 4 employees. Each will be paid $480 per 5-day work week (Monday Friday) Employees will begin working Monday, February 9 5 Obtained insurance coverage for $9 840 per year Coverage runs from February 1, 2017, through January 31, 2018. Karen paid $2,460 cash for the first quarter of coverage 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $3,950 cash 16 Billed customers $3,900 for cleaning services performed through February 13, 2017 17 Received $540 from a customer for 4 weeks of cleaning services to begin February 21, 2017 (By paying in advance, this customer receved 10% off the normal weekly fee of $150 ) 8 Paid $300 on amount owed on cleaning supplies 20 Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares 23 Billed customers $4,300 for cleaning services performed through February 20. 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16 20) 25 Collected $2,500 cash from customers billed on February 16 27 Paid $220 for Intemet and phone services for March. 28 Declared and paid a cash dividend of $0.20 per share ements%20(1) pdf accounting%2final%20project/Example%20Format%20for%20Fin COMPANY NAME Name of Financial Statement Date Assets Current assets Cash Accounts receivable Less: Allowance for doubtful accounts Prepaid expenses Prepaid insurance Supplies Xxx Total current assets Property, plant and equipment Equipment Less: Accumulated depreciation-equipment Total assets SXx,XXX Liabilities and Stockholders' Equity Current liabilities Accounts payable Unearned service revenue Salaries and waged payable Income taxes payable Interest payable x,xxx Total current liabilities s x,xxx Note payable, 6% due 2/1/2019 Total Liabilities Stockholders' equity Common stock, $1.50 par Paid-in capital in excess of par Retained earnings Less: Treasury stock at cost x,xxx X.XXx XX.Xxx Total stockholders' equity s/accounting%20final%20projectExample%20Format%20for%20Financial%20Statements%20(1).pdf COMPANY NAME Namee of Financial Statement For the [Year or Month] ending [Date] sxx,xxx Revenue account Operating expenses $X,XXX Xxx XxX Expense account Expense account Expense account Expense account Income from operations Loss on disposal of plant assets Interest expense Income before income taxes XxX Income tax expense (20%) Net income COMPANY NAME Name of Financial Statement For the [Year or Month] ending [Date] Retained earnings, 2/1/17 Add: Net income Less: Dividends Retained earnings, 2128/17 en Check Figures: Total debits and credits for Trial Balance $30.420 Total debits and credits for Adjusted Trial Balance Total net income $3,117 Total Assets- $26,101 $37,328 28 Declared and paid a cash dividend of $0 20 per share Instructions: (a) Journalize the February transactions. (You do not need to include an explanation for each jourmal entry) (b) Post to the ledger accounts (Use T-accounts) (c) Prepare a trial balance at February 28, 2017 (d) Joumalize the following adjustments (Round all amounts to whole dollars) 1. Services performed for customers through February 27, 2017, but unbilled and uncollected were $3,800 Received notice that a customer who was billed $200 for services performed February 10 has filed for bankruptcy Clean Sweep does not expect to collect any portion of this outstanding receivable. 3. Clean Sweep uses the allowance method to estimate bad debts Clean Sweep estimates that 3% of its month-end receivables will not be collected Record 1 month of depreciation for the floor equipment Use the straight-line method, an estimated life of 4 years, and $500 salvage value. 5. Record 1 month of insurance expense 6. An inventory count shows $400 of supplies on hand at February 28. 7. One week of services were performed for the customer who paid in advance on February 17 8. Accrue for wages owed through February 28, 2017 9. Accrue for interest expense for 1 month 10 Karen estimates a 20% income tax rate. (e) Post adjusting entries to the T accounts. (f) Prepare an adjusted trial balance (G) Prepare a multiple-step income statement, a retained earnings statement, and a properly classified balance sheet as of February 28, 2017 th) Journalize closing entries ACR 11-2 Char Tell me what you want to d Be careful -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW H10 1 Clean Sweep Chart of Accounts 2 3 Cash 4 Accounts Receivable 5 Supplies 6 Prepaid Insurance 7 Prepaid Expenses 8 Allowance for Doubtful Accounts 9 Equipment Accumulated Depreciation - Equipment 1 Accounts Payable 12 Notes Payable 3 Salaries and Wages Payable 14 Interest Payable 15 Income Taxes Payable 6 Unearned Service Revenue 17 Common Stock 8 Paid in Capital in Excess of Par Common 19 Dividends 20 Treasury Stock 21 Retained Earnings 22 Income Summary 23 Service Revenue 24 Utilities Expense 25 Salaries and Wages Payable 26 Insurance Expense 7 Depreciation Expense 28 Bad Debt Expense 29 Supplies Expense 30 Interest Expense 1 Loss on Disposal of Plant Assets 32 Income Tax Expense Chart of Accounts Ready O Type here to search Et ts/accounting%20final%20project ACR%2011-2% 2OT Account%24)template.pdf Debit Credit Debit Credit Debit Credit Debit Debit Credit Debit Credt 43% ACR11-2 Template (2) [Protected View) File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing D9 Clean Sweep Inc. GENERAL JOURNAL 3 Date Account Description Debit Credit Part (a) Part (b) Part ( Pat()Part (e) Part ( Part (g) Part (g) cont Part (h) Type here to search Chapter 11, Problem ACR11-2 Karen Noonan opened Clean Sweep Inc on February 1, 2017 During February, the following transactions were completed Feb. 1 Issued 5,000 shares of Clean Sweep common stock for $13,000 Each share has a $1.50 par 1 Borrowed $8,000 on a 2-year, 6% note payable. 1 Paid $9,020 to purchase used floor and window cleaning equipment from a company going out of business ($4,820 was for the floor equipment and $4,200 for the window equipment) 1 Paid $220 for February Intermet and phone services 3 Purchased cleaning supplies for $980 on account 4 Hired 4 employees. Each will be paid $480 per 5-day work week (Monday Friday) Employees will begin working Monday, February 9 5 Obtained insurance coverage for $9 840 per year Coverage runs from February 1, 2017, through January 31, 2018. Karen paid $2,460 cash for the first quarter of coverage 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $3,950 cash 16 Billed customers $3,900 for cleaning services performed through February 13, 2017 17 Received $540 from a customer for 4 weeks of cleaning services to begin February 21, 2017 (By paying in advance, this customer receved 10% off the normal weekly fee of $150 ) 8 Paid $300 on amount owed on cleaning supplies 20 Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares 23 Billed customers $4,300 for cleaning services performed through February 20. 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16 20) 25 Collected $2,500 cash from customers billed on February 16 27 Paid $220 for Intemet and phone services for March. 28 Declared and paid a cash dividend of $0.20 per share ements%20(1) pdf accounting%2final%20project/Example%20Format%20for%20Fin COMPANY NAME Name of Financial Statement Date Assets Current assets Cash Accounts receivable Less: Allowance for doubtful accounts Prepaid expenses Prepaid insurance Supplies Xxx Total current assets Property, plant and equipment Equipment Less: Accumulated depreciation-equipment Total assets SXx,XXX Liabilities and Stockholders' Equity Current liabilities Accounts payable Unearned service revenue Salaries and waged payable Income taxes payable Interest payable x,xxx Total current liabilities s x,xxx Note payable, 6% due 2/1/2019 Total Liabilities Stockholders' equity Common stock, $1.50 par Paid-in capital in excess of par Retained earnings Less: Treasury stock at cost x,xxx X.XXx XX.Xxx Total stockholders' equity s/accounting%20final%20projectExample%20Format%20for%20Financial%20Statements%20(1).pdf COMPANY NAME Namee of Financial Statement For the [Year or Month] ending [Date] sxx,xxx Revenue account Operating expenses $X,XXX Xxx XxX Expense account Expense account Expense account Expense account Income from operations Loss on disposal of plant assets Interest expense Income before income taxes XxX Income tax expense (20%) Net income COMPANY NAME Name of Financial Statement For the [Year or Month] ending [Date] Retained earnings, 2/1/17 Add: Net income Less: Dividends Retained earnings, 2128/17 en Check Figures: Total debits and credits for Trial Balance $30.420 Total debits and credits for Adjusted Trial Balance Total net income $3,117 Total Assets- $26,101 $37,328 28 Declared and paid a cash dividend of $0 20 per share Instructions: (a) Journalize the February transactions. (You do not need to include an explanation for each jourmal entry) (b) Post to the ledger accounts (Use T-accounts) (c) Prepare a trial balance at February 28, 2017 (d) Joumalize the following adjustments (Round all amounts to whole dollars) 1. Services performed for customers through February 27, 2017, but unbilled and uncollected were $3,800 Received notice that a customer who was billed $200 for services performed February 10 has filed for bankruptcy Clean Sweep does not expect to collect any portion of this outstanding receivable. 3. Clean Sweep uses the allowance method to estimate bad debts Clean Sweep estimates that 3% of its month-end receivables will not be collected Record 1 month of depreciation for the floor equipment Use the straight-line method, an estimated life of 4 years, and $500 salvage value. 5. Record 1 month of insurance expense 6. An inventory count shows $400 of supplies on hand at February 28. 7. One week of services were performed for the customer who paid in advance on February 17 8. Accrue for wages owed through February 28, 2017 9. Accrue for interest expense for 1 month 10 Karen estimates a 20% income tax rate. (e) Post adjusting entries to the T accounts. (f) Prepare an adjusted trial balance (G) Prepare a multiple-step income statement, a retained earnings statement, and a properly classified balance sheet as of February 28, 2017 th) Journalize closing entries