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jouralize the following transactions The fohn Msrthall Company, tnc, which provides consulting services to major utility companies, was formed on lanary 2 of thir ytar.
jouralize the following transactions
The fohn Msrthall Company, tnc, which provides consulting services to major utility companies, was formed on lanary 2 of thir ytar. Trimactions completed diriag the finil year of operation were. is follows: Nebrary i Mect 23 - Billed 57.570 .000 for servicet rendernd co accouin Nonzmber 20 -Furchaied supplies for 360000 ced accouint: F. Accesability Investigate Search wokbook (Teroplate pronided): 1. Jourmalize the tranaction for the year. 2. Pot the josndel entrits to a T accobat. 3. Prepare an unsdiested trial belacec as of Docetmber 31. informasion: b. Deprociation for equigment is ealculatod uning double decliaing balence with Bucember is. e. Interent har accrend ca the oole by sie end of the year. d. There are $520,000 of supplies on hand at the end of the year. e. Interest has accrued on the note by the end of the year. f. Wilson accrued wages of $210,000 at the end of the year. All wages would be in. excess of unemployment wage base and FICA wage base. g. John Marshall's attorney informed the company that it was probable they would be liable for an injury claim by a customer of somewhere between $5,000 and $10,000. 5. Prepare an adjusted trial balance as of December 31 . 6. Prepare a single-step income statement and statement of stock holders equity for the year ended December 31 and a classified balance sheet as of December 31 . 7. Journalize and post the closing entries 8. Prepare a post-closing trial balance as of December 31 . The fohn Msrthall Company, tnc, which provides consulting services to major utility companies, was formed on lanary 2 of thir ytar. Trimactions completed diriag the finil year of operation were. is follows: Nebrary i Mect 23 - Billed 57.570 .000 for servicet rendernd co accouin Nonzmber 20 -Furchaied supplies for 360000 ced accouint: F. Accesability Investigate Search wokbook (Teroplate pronided): 1. Jourmalize the tranaction for the year. 2. Pot the josndel entrits to a T accobat. 3. Prepare an unsdiested trial belacec as of Docetmber 31. informasion: b. Deprociation for equigment is ealculatod uning double decliaing balence with Bucember is. e. Interent har accrend ca the oole by sie end of the year. d. There are $520,000 of supplies on hand at the end of the year. e. Interest has accrued on the note by the end of the year. f. Wilson accrued wages of $210,000 at the end of the year. All wages would be in. excess of unemployment wage base and FICA wage base. g. John Marshall's attorney informed the company that it was probable they would be liable for an injury claim by a customer of somewhere between $5,000 and $10,000. 5. Prepare an adjusted trial balance as of December 31 . 6. Prepare a single-step income statement and statement of stock holders equity for the year ended December 31 and a classified balance sheet as of December 31 . 7. Journalize and post the closing entries 8. Prepare a post-closing trial balance as of December 31 Step by Step Solution
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