Inter-Trode Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Inter-Trode Corp. showed the following alphabetized post- closing trial balance at June 30, 2014. Account Balance Accounts payable 40,500 Accounts receivable 93,000 Accumulated depreciation, building. 4,500 Building. 32.500 Cash 189,500 Retained earnings 97,500 Share capital 172,500 Note: There were 14,000 shares issued and outstanding on June 30, 2014. Depreciation on the building is $1,600 per month. Inter-Trode Corp.'s salaries expense is a total of $700 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from July O Deposit slip (July 1) O Invoice 4660 O Invoice 6869 O Receipt 6346 O Inter-Office Memo 1 O Inter-Office Memo 2 O Invoice 6870 O Receipt 6345 0 Purchase Order 3737 0 Receipt from Travis' Diner O Receipt 6415 Customer Statement for Decker Co 0 Receipt 6344 O Invoice 6868 O Schafer Advertising Bill Inter-Office Memo 4 O Receipt from Kevin's Dinero Purchase Order 8354 O Inter-Office Memo 3 O Inter-Office Memo 5 a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Account/Explanation Page Gj1 Debit Credit General Journal Account/Explanation Page GJ2 F Debit Credit Date F Date + - + - + = + - + - + = + - General Journal Account/Explanation Page GJ3 F Debit Credit General Journal Account/Explanation Page GJ4 F Debit Credit Date Date + - + - + - + 1 + -1 + -1 + = b) What is the next step in the accounting cycle? O Post transactions O Prepare adjusting entries O Prepare closing entries O Prepare financial statements This is the last step O Prepare an unadjusted trial balance O Prepare an adjusted trial balance O Prepare a post-closing trial balance Inter-Trode Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Inter-Trode Corp. showed the following alphabetized post- closing trial balance at June 30, 2014. Account Balance Accounts payable 40,500 Accounts receivable 93,000 Accumulated depreciation, building. 4,500 Building. 32.500 Cash 189,500 Retained earnings 97,500 Share capital 172,500 Note: There were 14,000 shares issued and outstanding on June 30, 2014. Depreciation on the building is $1,600 per month. Inter-Trode Corp.'s salaries expense is a total of $700 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from July O Deposit slip (July 1) O Invoice 4660 O Invoice 6869 O Receipt 6346 O Inter-Office Memo 1 O Inter-Office Memo 2 O Invoice 6870 O Receipt 6345 0 Purchase Order 3737 0 Receipt from Travis' Diner O Receipt 6415 Customer Statement for Decker Co 0 Receipt 6344 O Invoice 6868 O Schafer Advertising Bill Inter-Office Memo 4 O Receipt from Kevin's Dinero Purchase Order 8354 O Inter-Office Memo 3 O Inter-Office Memo 5 a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Account/Explanation Page Gj1 Debit Credit General Journal Account/Explanation Page GJ2 F Debit Credit Date F Date + - + - + = + - + - + = + - General Journal Account/Explanation Page GJ3 F Debit Credit General Journal Account/Explanation Page GJ4 F Debit Credit Date Date + - + - + - + 1 + -1 + -1 + = b) What is the next step in the accounting cycle? O Post transactions O Prepare adjusting entries O Prepare closing entries O Prepare financial statements This is the last step O Prepare an unadjusted trial balance O Prepare an adjusted trial balance O Prepare a post-closing trial balance