Journal Chart of Accounts CHART OF ACCOUNTS Epicenter Laundry General Ledger ASSETS REVENUE 41 Laundry Revenue 11 Cash Q EXPENSES 13 Laundry Supplies 14 Prepaid Insurance 16 Laundry Equipment 17 Accumulated Depreciation 51 Wages Expense 52 Rent Expense 53 Utilities Expense I 54 Laundry Supplies Expense 55 Depreciation Expense 56 Insurance Expense 59 Miscellaneous Expense 2 LIABILITIES Accounts Payable 22 Wages Payable 3 Check My Work Journal Chart of Accounts 13 Laundry Supplies 14 Prepaid Insurance 16 Laundry Equipment 17 Accumulated Depreciation EXPENSES 51 Wages Expense 52 Rent Expense LIABILITIES 21 Accounts Payable 22 Wages Payable 53 Utilities Expense 54 Laundry Supplies Expense 55 Depreciation Expense 56 Insurance Expense 59 Miscellaneous Expense EQUITY 31 Sophie Perez, Capital 1 32 Sophie Perez, Drawing 33 Income Summary 3 Chart of Accounts Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended June 30, 20Y3 Q June 30, 20Y3 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Net income 2 Net loss Sophie Perez, capital, June 30, 20Y3 Chart of Accounts Labels and Amount Descriptions X Decrease in owner's equity Increase in owner's equity Net income Net loss Sophie Perez, capital, June 30, 20Y3 Sophie Perez, capital, July 1, 20Y2 Q CD Total assets Total current assets Total expenses Total liabilities Total liabilities and owner's equity 2 Total property, plant, and equipment Withdrawals Taccounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet Instruction Chart of Accounts Labels and Amount Descriptions Accounts Work Sheet Journal Journal Shaded colls have feedback 3.a. Journalize the adjusting entries on page 10 of the journal. Adjusting entries are recorded on June 30. 6a Journalize the closing entries on page 11 of the journal. (Note: Complete the adjusted trial balance, the income statement, the statement of owner's equity, and the balance sheet BEFORE completing part 6 a.) Refer to the chart of accounts for the exact wording of the account olles. CNOW journals do not use ones for journal explanations. Every time on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is onteved Question not attempted. PAGE 10 PAGE TI JOURNAL Score: 0/260 ACCOUNTING EQUATION DATE POST. REY DERT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Adjusting Entries 1 3 Previous UN Journal Shaded cells have feedback DATE DESCRIPTION POST RET DERIT CREDIT ASSETS LABILITIES EQUITY Adjusting Entries Points 0780 Edit instructions Chart of Accounts Labels and Amount Descriptions IT Accounts 0 Work Shut Journal HI Journal Shaded cells have feedback 3.0. Journalize the adjusting entries on page 10 of the journal. Adjusting entries are recorded on June 30. 6.2. Journalice the closing entries on page 11 of the fouma. (Note: Complete the adjusted trial balance, the income statement, the statement of owner's equity, and the balance sheet BEFORE completing part 6. a.) Refer to the chart of accounts for the exact wording of the account thes. CNOW Journals do nor use ines for journal explanations. Every in on a journal page is used for debit or credit entries CNOW Journals will automatically indent a credit entry when a credit amount is entered Question not attempted PAGE to PAGE 11 JOURNAL Score: 0/260 ACCOUNTING EQUATION DATE POSTRE DEBIT CREDIT ALLETS LIABLES TOUT DESCRIPTION Closing Entries 1 Check My Work
