- Journalize the transactions for the month of May beginning on page GJ 1. Be sure and list the Debit Account(s) first; Credit Account(s) next. Be sure and write a brief explanation for each transaction and skip a line between entries. - Post the journal entries to the general ledger accounts. Be sure and use the Post Reference \#s for each posting. Prepare the Trial Balance section of the worksheet. - Prepare the Adjustments section of the worksheet. o Compute and record the adjustment for supplies used during the month. An inventory showed supplies on hand of $136. o Record the adjustment for depreciation of Office Equipment of $85 for the month. o Record the adjustment for depreciation of Office Furniture of $34 for the month. Complete the worksheet. Using the worksheet, prepare an Income Statement for the month. Fill-in the correct date. Using the worksheet, prepare a Statement of Owner's Equity. Fill-in the correct date. Using the worksheet, prepare a Balance Sheet using the report form. Fill-in the date. Journalize and post the Adjusting entries in the appropriate tab. Journalize and post the Closing entries in the appropriate tab. Prepare a Post-Closing Trial Balance in the appropriate tab. Submit the Excel file titled "Project Workbook - Veterinary Clinic" in Canvas. GOOD DOG VETERINARY CLINIC CHART OF ACCOUNTS Assets Revenue 111 Cash 411 Professional Fees 112 Accounts Receivable 412 Boarding Fees 113 Supplies 115 Office Equipment Expenses 116 Accum. Depr., Office Equip. 511 Salary Expense 117 Office Furniture 512 Rent Expense 118 Accum. Depr., Office Furrn. 513 Utilities Expense 514 Miscellaneous Expense Liabilities 515 Supplies Expense 211 Accounts Payable 516 Depr. Exp., Office Equip. Owner's Equity 518 Depr. Exp., Office Furn. 311 Mike Bowser, Capital 519 Telephone Expense 312 Mike Bowser, Drawing 330 Income Summary The following transactions were completed by Good Dog Veterinary Clinic during the month of May: May 1 You deposited $26,375 into a bank account in the name of the business, and also, your personal computer, printer, and scanner (Office Equipment) in the business with a fair market value of $2,427. 2 Bought filing cabinets on account from ABC Office Supply, \$976, Inv. \#1654. (Office Furniture) 5 Paid cash for office supplies purchased at XYZ Office Supply, \$552, Inv. \#1713. Ck\# 1000. 6 Paid cash for chairs and carpets from Ducky's Office Furniture for reception area, $990, Ck. \#1001. 8 Bought a photocopier from JZ's Office Equipment, \$670, paying $143 down, placing the balance on account, Ck\# 1002. 10 Received and paid the telephone bill, which included installation charges, $134, Ck. \#1003. 11 Performed professional services on account, $2,875. 17 Received and paid the bill for the State Veterinary Convention, \$386, Ck. \#1004, (Miscellaneous Expense). 18 Received and paid the utility bill, $89,CK. \#1005. 20 Received cash on account from credit customers, $833. 23 Paid on account to ABC Office Supply, Inv. \#1654, \$164, Ck. \#1006. 24 Paid the office rent for the current month, $718, Ck. \#1007. 28 Received $597 cash for boarding fees. 30 Paid the receptionist's salary, $755, Ck. \#1008. 31 Withdrew cash for personal use, \$1,135, Ck. \#1009. GOOD DOG VETERINARY CLINIC GENERAL JOURNAL GJ 1 GENERAL JOURNAL GENERAL LEDGER ACCIIMII ATFN DFPRFCIATINM OFFICF FIIRITIRF ACCMINT NO 118 Mue ankeca nowinua Merell ANERUE CYDCNOR nEDRErIATINM EYPEM EE AEEIrE EM MPAEMT arrnikT Mn 51 E Teu emsanaie eveneater ampnisir ain can GOOD DOG VETERINARY CLINIC WORK SHEET FOR MONTH ENDING May 31, 2018 GENERAL JOURNAL GOOD DOG VETERINARY CLINIC INCOME STATENENT GOOD DOG VETERINARY CLINIC STATEMENT OF OWNERS EQUITY GOOD DOG VETERINARY CLINIC BALANCE SHEET GENERAL JOURNAL GOOD DOG VETERINARY CLINIC POST-CLOSING TRIAL BALANCE - Journalize the transactions for the month of May beginning on page GJ 1. Be sure and list the Debit Account(s) first; Credit Account(s) next. Be sure and write a brief explanation for each transaction and skip a line between entries. - Post the journal entries to the general ledger accounts. Be sure and use the Post Reference \#s for each posting. Prepare the Trial Balance section of the worksheet. - Prepare the Adjustments section of the worksheet. o Compute and record the adjustment for supplies used during the month. An inventory showed supplies on hand of $136. o Record the adjustment for depreciation of Office Equipment of $85 for the month. o Record the adjustment for depreciation of Office Furniture of $34 for the month. Complete the worksheet. Using the worksheet, prepare an Income Statement for the month. Fill-in the correct date. Using the worksheet, prepare a Statement of Owner's Equity. Fill-in the correct date. Using the worksheet, prepare a Balance Sheet using the report form. Fill-in the date. Journalize and post the Adjusting entries in the appropriate tab. Journalize and post the Closing entries in the appropriate tab. Prepare a Post-Closing Trial Balance in the appropriate tab. Submit the Excel file titled "Project Workbook - Veterinary Clinic" in Canvas. GOOD DOG VETERINARY CLINIC CHART OF ACCOUNTS Assets Revenue 111 Cash 411 Professional Fees 112 Accounts Receivable 412 Boarding Fees 113 Supplies 115 Office Equipment Expenses 116 Accum. Depr., Office Equip. 511 Salary Expense 117 Office Furniture 512 Rent Expense 118 Accum. Depr., Office Furrn. 513 Utilities Expense 514 Miscellaneous Expense Liabilities 515 Supplies Expense 211 Accounts Payable 516 Depr. Exp., Office Equip. Owner's Equity 518 Depr. Exp., Office Furn. 311 Mike Bowser, Capital 519 Telephone Expense 312 Mike Bowser, Drawing 330 Income Summary The following transactions were completed by Good Dog Veterinary Clinic during the month of May: May 1 You deposited $26,375 into a bank account in the name of the business, and also, your personal computer, printer, and scanner (Office Equipment) in the business with a fair market value of $2,427. 2 Bought filing cabinets on account from ABC Office Supply, \$976, Inv. \#1654. (Office Furniture) 5 Paid cash for office supplies purchased at XYZ Office Supply, \$552, Inv. \#1713. Ck\# 1000. 6 Paid cash for chairs and carpets from Ducky's Office Furniture for reception area, $990, Ck. \#1001. 8 Bought a photocopier from JZ's Office Equipment, \$670, paying $143 down, placing the balance on account, Ck\# 1002. 10 Received and paid the telephone bill, which included installation charges, $134, Ck. \#1003. 11 Performed professional services on account, $2,875. 17 Received and paid the bill for the State Veterinary Convention, \$386, Ck. \#1004, (Miscellaneous Expense). 18 Received and paid the utility bill, $89,CK. \#1005. 20 Received cash on account from credit customers, $833. 23 Paid on account to ABC Office Supply, Inv. \#1654, \$164, Ck. \#1006. 24 Paid the office rent for the current month, $718, Ck. \#1007. 28 Received $597 cash for boarding fees. 30 Paid the receptionist's salary, $755, Ck. \#1008. 31 Withdrew cash for personal use, \$1,135, Ck. \#1009. GOOD DOG VETERINARY CLINIC GENERAL JOURNAL GJ 1 GENERAL JOURNAL GENERAL LEDGER ACCIIMII ATFN DFPRFCIATINM OFFICF FIIRITIRF ACCMINT NO 118 Mue ankeca nowinua Merell ANERUE CYDCNOR nEDRErIATINM EYPEM EE AEEIrE EM MPAEMT arrnikT Mn 51 E Teu emsanaie eveneater ampnisir ain can GOOD DOG VETERINARY CLINIC WORK SHEET FOR MONTH ENDING May 31, 2018 GENERAL JOURNAL GOOD DOG VETERINARY CLINIC INCOME STATENENT GOOD DOG VETERINARY CLINIC STATEMENT OF OWNERS EQUITY GOOD DOG VETERINARY CLINIC BALANCE SHEET GENERAL JOURNAL GOOD DOG VETERINARY CLINIC POST-CLOSING TRIAL BALANCE
