LINGARD ACCOUNTING SERVICE Complete all steps in the Accounting Cycle, from the General Journal to the Post-Closing Trial Balance. All of the necessary forms are in Talon under the Working Papers tab. Print what you need. Assets V110 Cash V112 Accounts Receivable V 120 Automobile Chart of Accounts 121 Accumulated Depreciation, Automobile 130 Office Equipment ? 131 Accumulated Depreciation, Office Equipment? 140 Office Supplies 142 Prepaid Insurance 144 Prepaid Rent Liabilities V210 Accounts Payable 212 Salaries Payable Owner's Equity V310 5. Lingard, Capital V 312 5. Lingard, Withdrawals 314 Income Summary The year is 2022. 4/1 4/1 4/2 4/2 4/2 21104 Revenue 410 Accounting Services Rendered Expenses V510 Advertising Expense VS12 Cleaning Expense 514 Conference Expense 516 Depreciation Expense, Automobile 518 Depreciation Expense, Office Equipment V520 Gas Expense 521 Insurance Expense 522 Office Supplies Expense 524 Rent Expense? 526 Repairs Expense 528 Salaries Expense 530 Snow/Landscaping Expense 532 Telephone Expense The owner began her new business with an investment of $25,000 in cash. Paid 6 month's rent in advance for $12,000. 22000 1600 21800 Purchased a company automobile for $22,000, with a down payment of $1,000 and the remainder was financed through the bank. (Hint: I still need to PAY this) Put $40 gas in the company automobile and put on account. 40+ 55+ 25 Purchased three computers and a printer from Best Buy for $2,000. 200+2 Paid the Gazette $200 to place an employment advertisement for an accounting clerk.. Went to Staples and purchased office supplies for $1,200. Half of it was paid with cash and the other half was charged on account. 12.00+300 Paid 6 months Insurance in advance for $1,200. 4/3 J4/3 J4/3 4/5 4/6 J4/8 /Paid employee salaries of $550. Received $1,950 from Emmitt Company for preparing their company tax return. Received $2,950 from Smith Company for preparing their company tax return. 4/9 Paid $250 for an advertisement in the Gazette. "34900+45 6800+ 1 V 4/10 Paid Bill Boyd $150 to plant flowers around the office entrance. V4/11 (Received $4,500 for assisting Darion Company's bookkeeper in setting up their accounting system. A/13 (Paid for repairs to the sink in the company office kitchen that totaled $145. 4/15 Paid the remainder of what was owed on the office supplies purchase on 5/3. V4/15 Paid employee salaries of $850. 850 +850 +550 4/15 (Received $6,800 from Hirem Company for setting up their QuickBooks accounts. 4/16 Purchased an additional computer from Best Buy for $350. V4/17 Paid a cleaning company $250 for one month's cleaning service. V4/22/Paid employee salaries of $850. 4/22 V4/22 Purchased additional office supplies for $300. Prepared a tax return for a walk-in client. Received $250. 4/22 Billed Symens Company $6,800 for auditing their company's financial statements. (4/23 The company auto (only used for company business) was filled with $55 in gas. 4/25 Attended an accounting conference in Des Moines. The conference cost was $350. VA/28/Paid employee salaries of $850 V4/29 company 6800 Received payment from Symens Company for the entire amount owed. V4/30 Reimbursed one of the employees for $25 gas used to run business errands. V4/30 Received $100 from a walk-in client for the preparation of their tax return. Billed Franklin Company $3,800 for preparing their company tax return. Received the company telephone bill for May $64, but will not pay it until June. The owner withdrew $800 cash from the business so she could pay her personal rent. 4/30 V4/31 V4/31 April Adjustments: a. One month's rent has expired. b. One month's insurance has expired. c. A quick inventory of the office supplies shows that $250 is remaining, (hint: not on hand) d. Depreciation on the automobile is $283 per month. e. Depreciation on the office equipment is $190 per month. f. The last day of the month ends on a Sunday. The employees had earned $510 in salaries for April that will not be paid until May. Staple all of the forms in the following order: Statement of Honest Work Ethic-Initialed and Signed General Journal pages Ledger pages Worksheet Financial Statements (in order of preparation) Post-Closing Trial Balance 926