Instructions

QuickBooks Consulting Co. (QBCC) started operations on September 1, 2017. You have been hired as an accountant to complete the following:

Post QBCC's first monthly transactions in the general diary (disclosures not required).

Post each journal entry recorded in the general journal to the general ledger.

Prepare an unadjusted trial balance on September 30, 2017 (check Figure $103,210)

Log and submit correction log entries based on the adjustment data provided.

Prepare a set trial balance on September 30, 2017 (check the $108,660)

Prepare financial statements for QBCC for September 2017. (Control Figure Total Assets $101.820)

Journaling and post-closing entries for September.

Prepare a post-closing trial balance on September 30, 2017 (Check $102,070)

Here are the transactions for QBCC in September (first month of operations).

1.	September 2	Friends and family bought a private stake in QuickBooks Consulting Co., contributing $60,000 to the business.
2.	September 4	He bought an annual insurance policy for $3,600. QBCC immediately paid $1,000 with the balance within 30 days.
3.	September 5	He bought a car to be used to visit customers for $15,500 on the account.
4.	September 7	Consumables purchased for $520 cash.
5.	September 10	He gave a check for $1,700 to pay his September rent.
6.	14 September	He provided consultancy services for $17,750 in cash.
7.	September 20	An advance of $7,000 was received from a client for consulting services to be performed during the remainder of September, October, and November. [Hint: The amount should be proportionately accounted for over 21-3 months.]
8.	September 27	Received a $360 electricity bill for September, payable within 30 days.
9.	September 29	$2,000 was withdrawn as dividends.

Save adjustment entries for September only.

Record the expiring insurance expense for September.

The car's depreciation is $250. Record the depreciation expense.

Consumables remaining at the end of the month, $340. Record the materials used.

Income from cash advance received from customer on September 20. Register for 10 days only.

Services done in September, $3,400, but cash not yet received. Record amount due from customers.

Accrued salaries for September, $1,800.