Answered step by step
Verified Expert Solution
Question
1 Approved Answer
January 3 1 . The company paid cash to Lyn Addie for 1 0 days work at $ 2 3 5 per dad. February 1
January The company paid cash to Lyn Addie for days work at $ per dad.
February The company paid $ cash to Hillside Mall for another three months' rent in advance.
February The company paid Kansas Corporation for the balance due, net of the cash discount, less the $ credit from merchandise returned on January
February The company paid $ cash to Facebook for an advertisement to appear on February only.
February The company received the balance due from Alex's Engineering Company for fees billed on January
February The company paid a $ cash dividend.
February The company sold merchandise with a $ cost for $ on credit to Delta Company, invoice dated February
February The company paid cash to Lyn Addie for eight days' work at $ per day.
February The company reimbursed Santana Rey $ cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense."
March The company purchased $ of computer supplies from Harris Office Products on credit with terms of FOB destination, invoice dated March
March The company received the balance due from Delta Company for merchandise sold on February
March The company paid $ cash for minor repairs to the company's computer.
March The company received $ cash from Dream, Incorporated, for computing services provided.
March The company paid the full amount due of $ to Harris Office Products, consisting of amounts created on December of $ and March
March The company billed Easy Leasing for $ of computing services provided.
March The company sold merchandise with a $ cost for $ on credit to Wildcat Services, invoice dated March
March The company sold merchandise with a $ cost for $ on credit to IFM Company, invoice dated March
March The company reimbursed Santana Rey $ cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense."
The following additional facts are available for preparing adjustments on March prior to financial statement preparation.
a The March amount of computer supplies still available totals $
b Prepaid Insurance coverage of $ expired during this threemonth period.
c Lyn Addie has not been paid for seven days of work at the rate of $ per day.
d Prepaid rent of $ expired during this threemonth period.
e Depreciation on the computer equipment for January through March is $
f Depreciation on the office equipment for January through March is $
g The March amount of merchandise inventory still available totals $
Post the journal entries in part to the accounts in the company's general ledger. Note: Begin with the ledger's postclosing adjusted balances as of December
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started