Journal entry , general ledger, unadjustment Adjusted entries , unadjusted trial balance, financial statements

Closing account journal, balance sheet , cash flow

Expert Q&A Done How to do posting to the Ledger and Unadjusted Trial Balance ESSAV. Write your I) Complete the Accounting Csle uning the following transactions of Dainy King Conpany If an entry is not requirod, state "No Entry (perpetual syem) Aug. 1 Started business by issuing 15,000 shares of common sock for 2. Signed a franchise agrosmentto 3. Leased a building for three years at So50 per moadly and paid si moent in da 1. Paid Insurance for the entire year, $1.206 10% 4 Pucha ed equipment for S3,400, paying $1,000 down and siping a two? the balance. Five years useful life 5. Purchased $1,200 of supplies on account 5. Purchased inventory 53,000 on account 6. Recorded cash sales of $1.200 for the first week, 5600 cost. 10. Paid weekly salanies and wages, 554 per day every saturday of the weck(August has our weeks) 14. Paid for supplies purchased in item (5) 17. Recorded sales of $1,200, recieved 1000 cash, $200 on account 1/15, n/30, 5600 cost 20 Received advertising invoice, $200 24. Cash Sales of $1,800 for, $700 cost. 25. Received $550 for inventory that is on backorder,cost $250 30. Paid utilities $860. 31 Cash sales recorded $2,000, $800 cost. 31. Paid royalties due on for each week's sales Adjustments for the end of the month a. Leased expense for the end of the month. b. Recorded depreciation on equipment. c. Supplies on hand at the end of the month 200 d. Salaries and wages for the last woek of august will be paid on September 1 e. Received cash from customer . Inventory on backordered was delivered to customer g Insurance expense for the month