Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listen listen listen, this is the 100th time I send this question and I get one answer which has already been solved in chegg, I

Listen listen listen, this is the 100th time I send this question and I get one answer which has already been solved in chegg, I don't want that answer because it doesn't belong to me, I just want the answer to the question I just asked you, do you understand? If you want something, you have to tell me and I will answer you!!
image text in transcribed
image text in transcribed
This question consists of 3 paragraphs (A-B-C).
Paragraph No. (C) was solved previously in chegg so I don't want it, I just want to solve paragraph A-B Do you understand what I mean?
(((This is the solution of paragraph C))
I have a solution, I just want an A-B solution
image text in transcribed
Exercise A) 1. March 3, 2018, issues $50,000 shares of common stock for cash. 2. March 5, 2018, purchases equipment on account for $4,500. 3. March 7, Provided service for a client for 7000$ on account 4. March 12, 2018, pays a $500 utility bill with cash. 5. March 14, 2018, distributed $150 cash in dividends to stockholders. 6. March 18, 2018, paid with cash, for the equipment purchase on March 5. 7. March 20, 2018, paid $4,600 cash in salaries expense to employees. 1- Journalize transaction 2- Post to ledger 3- Prepare trial balance B) Adjusting Entries 1. January 1, an amount of $30000 was paid as advance rent for three months Entry on January 1 Entry on January 31, 2- March 1, purchased office supplies costing $15,400 on account. End of the month 10,000 of the equipment still on hand Entry on March 1 Entry on March 31, 3- August 1, received $3,000 as an advance payment from customers for service will be completed after 3 months. By end of the month earned 2000 of the service. Entry on August 1 Entry on August 31, C) The adjusted trial balance of Yahoo Company as of December 31, 2020 is as below: Yahoo Company Account Names Adjusted Trial Balance Debit Credit Cash 130,000 Accounts Receivable 15,250 Office supplies 700 Prepaid rent 3700 Furniture 35,000 Accumulated Depreciation - 2,300 Furniture Building 148,000 Accumulated Depreciation - 1500 Building Land 120,000 Accounts Payable 4,400 Utilities payable 440 Salaries payable 5,720 Interest Payable 300 Unearned revenue 980 Notes payable 35,000 Common stock 274,800 Dividends 40,000 Service revenue 250,000 Rent Expense 40,280 Salaries Expense 20,300 Supplies Expense 500 Utilities Expense 19,000 Depreciation expense - Furniture 1300 Depreciation expense - Building 980 Interest expense 430 Total 575,440 575,440 1) Preparing Income Statement, Retained Earnings, and Balance Sheet. 2) Closing Entries 3) Post- closing trial balance Answer 1 of 1 Done Solution, the company Partie AA Service Less Experie Salarin po Depec S. Nam Sten Statement of the ring Parten Leiden Riteised legending home Balance Sheet 2020 ASASI Current Art Cerrar Cul Movie Seve Total Care FA Meie pe Store Please note totes payable system: here donde Todowe w POR 2 Spise In my Tudo como Dw Tudod

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

Students also viewed these Accounting questions