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Jonah's Grooming Services provides pet grooming to multiple kinds of pets. The business completed the following transactions during April 2 0 2 4 : Apr.
Jonah's Grooming Services provides pet grooming to multiple kinds of pets. The business
completed the following transactions during April :
Apr. Jonah's Grooming Services was able to open its doors when the owner, Jonah,
contributed $ cash and an office suite that was worth $ The business
issued Jonah capital in exchange for this contribution. Please show as a compound
journal entry and record the office suite as Building.
Paid $ for an fourmonth insurance policy. The policy begins when the policy
has been paid for.
Groomed German Shepherds for Nina on account for $
Collected $ cash from Circle R Stables to provide horse grooming for the next
months, but Jonah has not yet provided the services.
Paid $ for brushes and clippers. Record these items as Supplies.
Paid the employee wages of $
Purchased a pet bathing station, paying $ on account. Record the station as
Equipment
Collected $ cash from Nina on account.
Received $ for performing various grooming jobs.
Provided additional grooming services on account for $
Paid $ on account.
Paid the light and water bill utilities of $ for the month of December.
Collected the remaining cash from Nina's account.
Jonah withdrew cash of $
Requirements
Record each transaction in the journal using the following chart of accounts.
Explanations are not required.
Post the transactions in the Taccounts.
Prepare an unadjusted trial balance as of April
Journalize the adjusting entries using the following adjustment data and also by
reviewing the journal entries prepared in Requirement Post adjusting entries to the T
accounts.
Adjustment data:
a Depreciation was recorded on the equipment and building using the straightline
method. For the equipment, depreciation expense equals $ For the building,
depreciation expense is $
b Unearned Revenue earned during the month, $
c Accrued Wages Expense, $
d Prepaid Insurance for the month has expired.
e Supplies on hand, $
f Accrued Service Revenue for grooming services provided to Lane, $
Prepare an adjusted trial balance as of April
Prepare Jonah's Grooming Services income statement and statement of owner's equity
for the month ended April and the classified balance sheet on that date.
Journalize the closing entries, and post to the Taccounts.
Prepare a postclosing trial balance as of April
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