JUST NEED THE JOURNAL, ADJUSTING ENTRIES, AND CLOSING ENTRIES

Com/r/takeAssignment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress-false Bock Spreadsheet Print them Complete accounting cycle Instruction Chart of Accounts Labels and Amount Descriptions Work Sheet Journal Ledger 1 Instructions For the past several years, Staty Lopez has operated a part time consulting business from his home. As of July 1, 2012, Stetty decided to move to rented quarters and to operate the business, which was to be known as Diamond Consulting on a time basis. Dumond entered into the following transactions during July 1 The following uses were received from Steny Lopez in exchange for common stock: cash, $13.500: accounts receivable, 520,800; supplies, 53,200, and office equipment, $7,500. There were no liabilities received Paid two monthronion a lease rental contract, 54,800 Paid the premiums on property and county insurance policies, $4,500 Received cash from ciento an an advance payment for services to be provided, and recorded it as neared fees $5.500 6 Murthased additional office equipment on account from Office Station Co. 56.500 . Received cash from lents on account. $15.300 Paid cash for a newspaper advertisement, 5400 Paid Office Station Co. for part of the debt incurred on July 5, 55,200 Recorded services provided on account for the period July 1-12. $13.300 Puld reception for two weary, 51.780. 2 10 12 Recome the follow noon Page 2 of the pumal Jul Recorded cash from cash clients for fees camned during the period July 1-17. 10.450 Paid cash for wool 1000 1 Check My Work Previous eBook Spreadsheet Printem Complete accounting cycle Chart of Accounts Instructions Label and Amount Descriptions Work Sheet Journal Ledger Instructions Jul 17 20 200 Recorded cash from cash clients for fors earned during the period July 1-17, 59,460 18 Paid cash for supplies 5600 Recorded service provided on account for the period July 13-20.56,650 Recorded cash from canh clients for tees earned for the period July 17-24, 54,000. Received cash from clients on account, $12,000 27 Paid receptionist for two weeks'salary$1,750. 29 Paid telephone bill for July $325 31 Paid electrieny bill for July, 5875 Recorded cash from cash clients for fees eamed for the period July 25-31, 55,200. Recorded services provided on account for the remainder of July, 53,000 31 Paid dividends. 512,500 31 Required: 1. Journaltze each transaction in a wo-column journal starting on Page 1. referring to the chart of accounts in selecting the accounts to be dobited and credited. (Do norisert the account numbers in the journal at this time) 2 Post the jouw to a locaw of four column accounts. Add the appropriate posting reference to the journal Prepare an unadjusted trial balance 4. At the end of the following adjustment data were assembled Analyze and use these data to complete requirements (5) and (). A Insurance expired during my $375 8. Supplies on and on 31 are $1.525. 3 Check My Work Prev Complete accounting.cycle Instructions Chart of Accounts Labels and Amount Descriptions Work Sheet Journal Ledger Instructions Depreciation of office equipment for July is $750 D. Accrued receptionist salary on July 31 is $175. E. Rerit expired during Ay is $2,400 F. Uneamed fees on July 31 are $2.750. 6 (Optional) on your own paper or spreadsheet, enter the adjusted til balance on an end-of-period worksheet and complete the work shoot 6. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of accountries. B. Post the adjusting entries, inserting balances in the accounts affected 7. Prepare an adjusted trial balance 8. A Prepare an income statement for the month ended wy 31, 2012. Be sure to complete the statement heading. If not loss has been incurred, enter that amount as a negative number using a minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choles for text entries. You will not need to enter colons() on the income statement a. Prawe a statement of stockholders' equity for the month anded July 31, 2012. Be sure to complete the swemont heading. Negative amount should be indicated by the minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Man amount is zero, entro C Prepare a balance sheet as of My 31, 2012 Be sure to complete the statement heading. Fixed assets must be entered in order according to account number Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to for colons (or the word 'less on the balance sheet they will automatically insert where necessary Negative amount should be indicated by the minus sign Check My Work Instructions sheer. 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of account bles B. Post the adjusting entries, inserting balances in the counts affected 7. Prepare an adjusted a balance 8. A. Prepare an income statement for the month ended Jwy 31, 2012. Be sure to complete the statement heading. Ita net loss has been incurred, enter that amount as a negative number using a minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choice for latentries. You will not need to enter colons() on the income talen B. Prepare a statement of stockholder'equily for the month ended July 31, 2012. Be sure to complete the statement heading. Negative amount should be indicated by the minus sign. Roer to the Accounts, Labels and Amount Descriptions provided for the exact wonding of the answer choice for text entries, an amount is zero, entero C. Prepare a balance sheet as of July 31, 2012. Be sure to complete the statement heading Fored assets must be entered in order according to account number. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to enter colons (or the word "Less on the balance sheet they will automaticaly insert where necessary. Negative amount should be indicated by the minus sign 9. A. Journaize the closing entries on page 4 of the journal Refer to the Chart of Accounts for exact wording of account titles. B. Post the closing entries, inserting balances in the accounts affected. Leave the ITEM column BLANK for each row. If the account balance is zero (0) after closing entries are posted, enter a zero (0) in the account's normal balance column 10. Prepare a post.closing trial balance CHART OF ACCOUNTS Diamond Consulting General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 14 Supplies 15 Prepaid Rent 51 Salary Expense 16 Prepaid Insurance 52 Rent Expense 53 Supplies Expense 18 Office Equipment 19 Accumulated Depreciation 54 Depreciation Expense 55 Insurance Expense LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable 23 Uneamed Fees EQUITY hart of Accounts 12 ACCOUnis Receivable EXPENSES 14 Supplies 51 Salary Expense 15 Prepaid Rent 52 Rent Expense 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Month Ended July 31, 20Y2 July 31, 20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1, 20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Labels and Amount Descriptions For the Month Ended July 31, 20Y2 July 31, 20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1, 20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Com/r/takeAssignment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress-false Bock Spreadsheet Print them Complete accounting cycle Instruction Chart of Accounts Labels and Amount Descriptions Work Sheet Journal Ledger 1 Instructions For the past several years, Staty Lopez has operated a part time consulting business from his home. As of July 1, 2012, Stetty decided to move to rented quarters and to operate the business, which was to be known as Diamond Consulting on a time basis. Dumond entered into the following transactions during July 1 The following uses were received from Steny Lopez in exchange for common stock: cash, $13.500: accounts receivable, 520,800; supplies, 53,200, and office equipment, $7,500. There were no liabilities received Paid two monthronion a lease rental contract, 54,800 Paid the premiums on property and county insurance policies, $4,500 Received cash from ciento an an advance payment for services to be provided, and recorded it as neared fees $5.500 6 Murthased additional office equipment on account from Office Station Co. 56.500 . Received cash from lents on account. $15.300 Paid cash for a newspaper advertisement, 5400 Paid Office Station Co. for part of the debt incurred on July 5, 55,200 Recorded services provided on account for the period July 1-12. $13.300 Puld reception for two weary, 51.780. 2 10 12 Recome the follow noon Page 2 of the pumal Jul Recorded cash from cash clients for fees camned during the period July 1-17. 10.450 Paid cash for wool 1000 1 Check My Work Previous eBook Spreadsheet Printem Complete accounting cycle Chart of Accounts Instructions Label and Amount Descriptions Work Sheet Journal Ledger Instructions Jul 17 20 200 Recorded cash from cash clients for fors earned during the period July 1-17, 59,460 18 Paid cash for supplies 5600 Recorded service provided on account for the period July 13-20.56,650 Recorded cash from canh clients for tees earned for the period July 17-24, 54,000. Received cash from clients on account, $12,000 27 Paid receptionist for two weeks'salary$1,750. 29 Paid telephone bill for July $325 31 Paid electrieny bill for July, 5875 Recorded cash from cash clients for fees eamed for the period July 25-31, 55,200. Recorded services provided on account for the remainder of July, 53,000 31 Paid dividends. 512,500 31 Required: 1. Journaltze each transaction in a wo-column journal starting on Page 1. referring to the chart of accounts in selecting the accounts to be dobited and credited. (Do norisert the account numbers in the journal at this time) 2 Post the jouw to a locaw of four column accounts. Add the appropriate posting reference to the journal Prepare an unadjusted trial balance 4. At the end of the following adjustment data were assembled Analyze and use these data to complete requirements (5) and (). A Insurance expired during my $375 8. Supplies on and on 31 are $1.525. 3 Check My Work Prev Complete accounting.cycle Instructions Chart of Accounts Labels and Amount Descriptions Work Sheet Journal Ledger Instructions Depreciation of office equipment for July is $750 D. Accrued receptionist salary on July 31 is $175. E. Rerit expired during Ay is $2,400 F. Uneamed fees on July 31 are $2.750. 6 (Optional) on your own paper or spreadsheet, enter the adjusted til balance on an end-of-period worksheet and complete the work shoot 6. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of accountries. B. Post the adjusting entries, inserting balances in the accounts affected 7. Prepare an adjusted trial balance 8. A Prepare an income statement for the month ended wy 31, 2012. Be sure to complete the statement heading. If not loss has been incurred, enter that amount as a negative number using a minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choles for text entries. You will not need to enter colons() on the income statement a. Prawe a statement of stockholders' equity for the month anded July 31, 2012. Be sure to complete the swemont heading. Negative amount should be indicated by the minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Man amount is zero, entro C Prepare a balance sheet as of My 31, 2012 Be sure to complete the statement heading. Fixed assets must be entered in order according to account number Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to for colons (or the word 'less on the balance sheet they will automatically insert where necessary Negative amount should be indicated by the minus sign Check My Work Instructions sheer. 6. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of account bles B. Post the adjusting entries, inserting balances in the counts affected 7. Prepare an adjusted a balance 8. A. Prepare an income statement for the month ended Jwy 31, 2012. Be sure to complete the statement heading. Ita net loss has been incurred, enter that amount as a negative number using a minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choice for latentries. You will not need to enter colons() on the income talen B. Prepare a statement of stockholder'equily for the month ended July 31, 2012. Be sure to complete the statement heading. Negative amount should be indicated by the minus sign. Roer to the Accounts, Labels and Amount Descriptions provided for the exact wonding of the answer choice for text entries, an amount is zero, entero C. Prepare a balance sheet as of July 31, 2012. Be sure to complete the statement heading Fored assets must be entered in order according to account number. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to enter colons (or the word "Less on the balance sheet they will automaticaly insert where necessary. Negative amount should be indicated by the minus sign 9. A. Journaize the closing entries on page 4 of the journal Refer to the Chart of Accounts for exact wording of account titles. B. Post the closing entries, inserting balances in the accounts affected. Leave the ITEM column BLANK for each row. If the account balance is zero (0) after closing entries are posted, enter a zero (0) in the account's normal balance column 10. Prepare a post.closing trial balance CHART OF ACCOUNTS Diamond Consulting General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 14 Supplies 15 Prepaid Rent 51 Salary Expense 16 Prepaid Insurance 52 Rent Expense 53 Supplies Expense 18 Office Equipment 19 Accumulated Depreciation 54 Depreciation Expense 55 Insurance Expense LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable 22 Salaries Payable 23 Uneamed Fees EQUITY hart of Accounts 12 ACCOUnis Receivable EXPENSES 14 Supplies 51 Salary Expense 15 Prepaid Rent 52 Rent Expense 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Month Ended July 31, 20Y2 July 31, 20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1, 20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Labels and Amount Descriptions For the Month Ended July 31, 20Y2 July 31, 20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1, 20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity