I'm struggling please help
For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 20Y9, Samantha decided to move to rented quarters and to operate the business, which was to be known as Arborvite Consulting, on a full-time basis. Arborvite Consulling entered into the following transactions during July: Jul. 1 The following assets were received from Samantha Hogan: cash, $25,700; accounts receivable, $30,200; supplies, $5,100; and offce equipment, $12,100. There were no liabilities received. 1 Paid three months' rent on a lease rental contract, $8,100. 2 Paid the premiums on property and casualty insurance policies, $6,100. 3 Received cash from clients as an advance payment for services to be provided and recorded it as uneamed fees, $10,800. 5 Purchased additional office equipment on account from Otfice Necessities Co, $6,900. 6 Recelved cash from clients on account, $17,300. 10 Paid cash for a newspaper advertisement, $680. 12. Paid Omice Necessities Co. for part of the debt incurred on July 5,$4,100. 12 Provided services on account for the period July 112,$19,200. 14 Paid receptionist for two weeks' salary, $2,000. Jul. 17 Recelved cash from cash clients for fees earned during the period July 117,$14,100. 18 Paid cash for supplies, $1,400. 20 Provided services on account for the period July 1320,$12,200. 24 Recelved cash from cash clients for fees earned for the period July 1724,$11,500. 26 Recelved cash from clients on account, $16,300. 27 Paid receptionist for two weeks' salary, $2,000. 29 Paid telephone bill for July, $440. 31 Paid electricity bill for July, \$910. 31 Received cash from cash clients for fees earned for the period July 2531,$9,600. 31 Provided services on account for the remainder of July, $7,400. 31 Samantha withdrew $27,100 for personal use. Required: 1. Journalize each transaction in a two-column joumal starting on Page 1, referning to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. Post the July transactions. A. Downioad the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the July transactions from the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to. complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet Wili not be included in your grade in CengageNOW on this problem. A. Downioad the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the July transactions from the joumal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreedsheet Will not be included in your grade in CengageNOW on this problem. B. Add the appropriate posting reference to the joumal in CengageNOW. 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. 4. At the end of July, the following adjustment date were assembled. Analyze and use these data to complete requirements (5) and (6). - Insurance expired during July is $510. - Supplies on hand on July 31 are \$3,900. - Depreclation of office equipment for July is $540. - Accrued receptionist salary on July 31 is $190. - Rent expired during July is $2,700. - Unearned fees on July 31 are \$4,100. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-peniod work sheet and complete the spreadsheet. Find a blank end-of-period work sheet in the Excel spreadsheet you previously downioaded. 6. A Journalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on July 31 . B. Use the attached spreadsheet in the Ledger panel to post the adjusting entries to the ledger of four-column accounts, inserting balances is the accounts affected. Add the appropriate posting reference to the adjusting entries in the journal in Cengagenow. 7. Prepare an adjusted trial balance. CHART OF ACCOUNTS Arborvite Consulting General Ledger 1. Journalize each transaction in a two-column joumal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. B. Add the appropriate posting reference to the journal in CengageNOW. 6. A. Joumalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on July 31 . 6. B. Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW. Refer to the chart of accounts for the exact wording of the account tites. CNOW journais do not use lines for joumat explanations. Even on a journal pege is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is ente 1. Joumalize each transaction in a two-column joumal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. B. Add the appropriate posting reference to the jourmal in CengageNOW. 6. A. Journalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on Juty 31 . 6. B. Add the appropriate posting reference to the adjusting entries in the journal in CengagenOW. Refer to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for joumal explanations. Every on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is enter Note: Scroll down to access page 2 through 3 of the journal. 10 more Check My Work uses remaining. 10 more Check My Work uses remaining: Check My Work 10 more Check My Work uses remaining. Next Downioad the attached SPREADSHEET and save the Excel file to your computer. Use the spreadsheet to post the July transactions trom the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in Cengagenow on this problem. 2. A. Post the July transactions from the journal to a ledger of four-column accounts. 6. B. Post the adjusting entries to the ledger of four-column accounts, inserting balances is the accounts affected. Unadjusted Trial Balance 3. Prepare an unadjusted trial balance. Accounts with zero balances can be loff blank: 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. inment/takeAssignmentMain.do?invokert QtakeAssignmentSessionLocator = Qinprogress=false - Frepaio kent 3. Prepaid Insurance 5. Office Equipment 1. Accumulated Depreciation-Office Equipment 1 Accounts Payable 9. Salaries Payable 10. Uneamed Fees 11 Samantha Hogan, Capital 12 Samantha Hogan, Drawing 15 Fees Earned. 14 Salary Expense is Rent Expense: I6 Supplies Expense 17 Depreciation Expense 18 Insurance Expense 17 Miscelianeous Expense 20 : Totals Check My Work 10 more Check My Work uses remaining. 7. Propare an adjusted trial balance. 10 more Check My Work uses remaining. m/ilm/takeAssignment/takeAssignmentMain do?invoker= \&takeAssignmentsessionLocator = \&inprogress=false 2. Accounts Recelvable 3 Supplies 4. Prepaid Rent s. Prepaid irsurance 6. Office Equipment 7. Accumulated Depreciation-Office Equipment 1 Accounts Payable 5. Salaries Payable 20. Unearred Fees 14. Samantha Hogan, Gapital 12 Samantha Hogan, Drawing 13 Fees Earned 14 Salary Expense 15. Rent Expense 45 Supplies Expense 1) Depreciation Expense 11) Insurance Expense 19. Miscellaneous Expense Check My Work 10 more Check My Work uses remaining. 1ilm/takeAssignment/takeAssignmentMain do?invoker=8takeAssignmentSessionLocator=gkinprogress false \& Office Equipment 1. Accumulated Depreciation-Office Equipment 1 Accourts Payable 1. Salaries Payable to Unearned Fees I1 Samantha Hogan, Capital 17 Samantha Hogan, Drawing 13 Fees Farned 14 Salary Expense 15 Rent Expense to Supplies Expense 1) Depreciation Expense 4) Irsurance Expense 19 Miscellaneous Expense 20 Totals Ghock My Work 10 more Check My Work uses remaining. For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 20Y9, Samantha decided to move to rented quarters and to operate the business, which was to be known as Arborvite Consulting, on a full-time basis. Arborvite Consulling entered into the following transactions during July: Jul. 1 The following assets were received from Samantha Hogan: cash, $25,700; accounts receivable, $30,200; supplies, $5,100; and offce equipment, $12,100. There were no liabilities received. 1 Paid three months' rent on a lease rental contract, $8,100. 2 Paid the premiums on property and casualty insurance policies, $6,100. 3 Received cash from clients as an advance payment for services to be provided and recorded it as uneamed fees, $10,800. 5 Purchased additional office equipment on account from Otfice Necessities Co, $6,900. 6 Recelved cash from clients on account, $17,300. 10 Paid cash for a newspaper advertisement, $680. 12. Paid Omice Necessities Co. for part of the debt incurred on July 5,$4,100. 12 Provided services on account for the period July 112,$19,200. 14 Paid receptionist for two weeks' salary, $2,000. Jul. 17 Recelved cash from cash clients for fees earned during the period July 117,$14,100. 18 Paid cash for supplies, $1,400. 20 Provided services on account for the period July 1320,$12,200. 24 Recelved cash from cash clients for fees earned for the period July 1724,$11,500. 26 Recelved cash from clients on account, $16,300. 27 Paid receptionist for two weeks' salary, $2,000. 29 Paid telephone bill for July, $440. 31 Paid electricity bill for July, \$910. 31 Received cash from cash clients for fees earned for the period July 2531,$9,600. 31 Provided services on account for the remainder of July, $7,400. 31 Samantha withdrew $27,100 for personal use. Required: 1. Journalize each transaction in a two-column joumal starting on Page 1, referning to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. Post the July transactions. A. Downioad the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the July transactions from the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to. complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet Wili not be included in your grade in CengageNOW on this problem. A. Downioad the spreadsheet in the Ledger panel and save the Excel file to your computer. Use the spreadsheet to post the July transactions from the joumal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreedsheet Will not be included in your grade in CengageNOW on this problem. B. Add the appropriate posting reference to the joumal in CengageNOW. 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. 4. At the end of July, the following adjustment date were assembled. Analyze and use these data to complete requirements (5) and (6). - Insurance expired during July is $510. - Supplies on hand on July 31 are \$3,900. - Depreclation of office equipment for July is $540. - Accrued receptionist salary on July 31 is $190. - Rent expired during July is $2,700. - Unearned fees on July 31 are \$4,100. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-peniod work sheet and complete the spreadsheet. Find a blank end-of-period work sheet in the Excel spreadsheet you previously downioaded. 6. A Journalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on July 31 . B. Use the attached spreadsheet in the Ledger panel to post the adjusting entries to the ledger of four-column accounts, inserting balances is the accounts affected. Add the appropriate posting reference to the adjusting entries in the journal in Cengagenow. 7. Prepare an adjusted trial balance. CHART OF ACCOUNTS Arborvite Consulting General Ledger 1. Journalize each transaction in a two-column joumal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. B. Add the appropriate posting reference to the journal in CengageNOW. 6. A. Joumalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on July 31 . 6. B. Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW. Refer to the chart of accounts for the exact wording of the account tites. CNOW journais do not use lines for joumat explanations. Even on a journal pege is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is ente 1. Joumalize each transaction in a two-column joumal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. B. Add the appropriate posting reference to the jourmal in CengageNOW. 6. A. Journalize the adjusting entries on page 3 of the joumal. Adjusting entries are recorded on Juty 31 . 6. B. Add the appropriate posting reference to the adjusting entries in the journal in CengagenOW. Refer to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for joumal explanations. Every on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is enter Note: Scroll down to access page 2 through 3 of the journal. 10 more Check My Work uses remaining. 10 more Check My Work uses remaining: Check My Work 10 more Check My Work uses remaining. Next Downioad the attached SPREADSHEET and save the Excel file to your computer. Use the spreadsheet to post the July transactions trom the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in Cengagenow on this problem. 2. A. Post the July transactions from the journal to a ledger of four-column accounts. 6. B. Post the adjusting entries to the ledger of four-column accounts, inserting balances is the accounts affected. Unadjusted Trial Balance 3. Prepare an unadjusted trial balance. Accounts with zero balances can be loff blank: 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. inment/takeAssignmentMain.do?invokert QtakeAssignmentSessionLocator = Qinprogress=false - Frepaio kent 3. Prepaid Insurance 5. Office Equipment 1. Accumulated Depreciation-Office Equipment 1 Accounts Payable 9. Salaries Payable 10. Uneamed Fees 11 Samantha Hogan, Capital 12 Samantha Hogan, Drawing 15 Fees Earned. 14 Salary Expense is Rent Expense: I6 Supplies Expense 17 Depreciation Expense 18 Insurance Expense 17 Miscelianeous Expense 20 : Totals Check My Work 10 more Check My Work uses remaining. 7. Propare an adjusted trial balance. 10 more Check My Work uses remaining. m/ilm/takeAssignment/takeAssignmentMain do?invoker= \&takeAssignmentsessionLocator = \&inprogress=false 2. Accounts Recelvable 3 Supplies 4. Prepaid Rent s. Prepaid irsurance 6. Office Equipment 7. Accumulated Depreciation-Office Equipment 1 Accounts Payable 5. Salaries Payable 20. Unearred Fees 14. Samantha Hogan, Gapital 12 Samantha Hogan, Drawing 13 Fees Earned 14 Salary Expense 15. Rent Expense 45 Supplies Expense 1) Depreciation Expense 11) Insurance Expense 19. Miscellaneous Expense Check My Work 10 more Check My Work uses remaining. 1ilm/takeAssignment/takeAssignmentMain do?invoker=8takeAssignmentSessionLocator=gkinprogress false \& Office Equipment 1. Accumulated Depreciation-Office Equipment 1 Accourts Payable 1. Salaries Payable to Unearned Fees I1 Samantha Hogan, Capital 17 Samantha Hogan, Drawing 13 Fees Farned 14 Salary Expense 15 Rent Expense to Supplies Expense 1) Depreciation Expense 4) Irsurance Expense 19 Miscellaneous Expense 20 Totals Ghock My Work 10 more Check My Work uses remaining
