I've already done #1 (journalizing each transaction) ,but any help with the other entries would
Be so helpful, thanks!
he adjusting entries, inserting balances in the accounts affected Record the adjusti ng entries on Page 26 journal The following additional accounts 22 counts from Supplies Expense, Freight Co.'s chart of should be used: Wages Payable, 52, Depreciation Expense Equipment, 55; Depreciation Expense Trucks, 56; Insurance Expense, 57 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a retained earnings statement, and a balance sheet. 6. Journalize and post the closing entries. Record the closing entries on Page 27 of the journal. ncome Summary i account in the chart of accounts.) Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry 7. Prepare a post-closing trial balance. PR 4-5A Complete accounting cycle OBJ. 4,5 For the past several years, Steffy Lopez has operated a part-time consulting business from his home. As of July 1, 2016, Steffy decided to move to rented quarters and to operate the business, which was to be known as Diamond Consulting, on a full-time basis. Diamond Consulting entered into the following transactions during July: July 1. The following assets were received from steffy Lopez in exchange for common stock: cash, $13,500, accounts receivable, $20 800: supplies, $3,200; and office equipment, $7,500. There were no liabilities received. 1. Paid two months' rent on a lease rental contract, $4,800. 2. Paid the premiums on property and casualty insurance policies, $4,500. A. Received cash from clients as an advance payment for services to be provided, and recorded it as unearned fees, $5,500 5. Purchased additional office equipment on account from Office Station Co., $6,500. 6. Received cash from clients on account, $15,300. 10. Paid cash for a newspaper ad 12. Paid Office Station Co. for part of the debt incurred on July 5, $5,200 for the period July 1-12, $13300 12. Recorded services provided on accoun 14. Paid receptionist for two weeks' salary, $1,750 Record the following transactions on Page 2 of the journals 17. Recorded cash from cash clients for fees earned during the period July 1-17, $9,450. 18. Paid cash for supplies, $600. 20. Recorded services provided on account for the period July 13-20, s6,650. 24. Recorded cash from cash clients for fees earned for the period July 17-24, $4,000 26. Received cash from clients on account, $12,000. 27. Paid receptionist for two weeks' salary, $1,750. 29. Paid telephone bill for July, s325 31. Paid electricity bill for July, $675 25-31, s5,200. 31. Recorded cash from cash clients for fees earned for the period July Recorded services provided on account for the remainder of July, $3,000. 31 31. Paid dividends, $12,500. (Continued)