looking for some help on this packet
1. Enter February transactions in the general Journal 2. Post the transactions to the general ledger. 3. Prepare a trial balance 4. Journaline and post adjusting entries. 5. Prepare an adjusted trial balance 6. Prepare an A/P & AR schedule to veris ames and on the trial balance. Similarly, the AP sch schedule to verify ending account balances. (The A/R schedule lists customers es at the end of February. The total of the A/R schedule should equal the A/R balance . Similarly, the AP schedule lists creditors and the amount owed to cach at the end local or the A/P schedule should equal the balance of AP on the trial balance.) of February 7. Prepare the 7. Prepare the financial statements. 8. Prepare the closing entries and post to the general ledger: te sued check 100 for $197 to Mall House for postage and handling on a mass marketing Sam sent out that afternoon. or to 2/2/1X Signed a 1 year lease for office space and maid February's rent of $900 by issuing check Kwant Co. 2/2/1X Issued check # 102 to Soy Co for $8 900 to purchase electronic surveillance equipment to Issued check observe clients' dates and better understand their dating problems. 23/1X Performed a datine consultation for Dinah Toivia and billed Dinah S6,000. 2/3/1X Purchased 6 month's liability insurance Issuing check #103 to Travelers Insurance for $1.200. 2/4/1X Sam's Singles Service received $25.000 and issued shares of common stock to Amanda Friend 2/5/1X Received $3,500 total for services performed the previous month. ($500 from Jim Dudley $2,000 from Paul Gooseman, and $1,000 from Tammy Talk much.) 2/7/1X Hosted Ivy League Speed Dating Night where Ivy League graduates paid $60 each to go on a number of 5 minute "dates." 50 people attended the event and cash was collected from all but five of the participants, who agreed to mail in a check later that week. (The names of the five unpaid participants were: John Good, Brandon Broke, Wendy Jones, Ima Welch, and Skip Townsend.) 2/8/1X Received an invoice for $500 from SF News & Review for an advertisement that ran in last week's newspapers (invoice # 52A7J). 2/8/1X Samantha was approached by Cy Burnette, a successful young internet entrepreneur that can't seem to get a second date. Samantha agreed to observe one of Cy's dates and explain what he's doing wrong. 2/9/1X Paid outstanding invoices to Sun Company $350; Moon Company $500; and Stars Company SL150 issuing checks #104-106. (The expenses for these invoices were accrued last month.) 2/10/1X Received $120 (560 from John Good and $60 from Wendy Jones) for the Ivy League Speed Dating night held 27. at ne con Office Depor (invoice #62309). Onices for l e on account from one 2/11/1X Purchased 5800 fofi Hone Law Offices sou wey Cheatem 2/14/1X Sam's received involge 07389 for $800 from Dewey advice provided Sam's Singles. ner party and me i so OG Night where particinants naid S60 to attend a dec 2/15/IX Sam's hosted Goth Date Night where other Gothic singles 40 neople attended and all paid at policy to require cash at the door of special events.) paid at the door. (Sam's changed shments at the a's Catering Co. to pay for refresheni 2/16/IX Sam's issued check #107 for $1.630 to Same El Ivy League Speed Datine Night and dinner at Gothic Night. 2/17/1X ang consultation services to be Sam's received a $15.000 advance from provided in February and March. a $15.000 advance from Percy Pratt for dating consum 2/18/1X Samantha observed one of Rurnette's dates and met with wrote Sam's a check for $6,000 for the services wth him to discuss her observations 2/23/1X Samantha performed a dating consulta Pangst and billed him $4,000. 2/24/1X Sam's issued check log to nay Ofice Depot 5800 (invoice 64 w pay Dewey, Cheatem & Howe Law Ofices and Invoice 697389 from 2014) ice #62309 from 2/11) and check #109 2/25/1X Sam's issued dividends totaling $1,000 with checks #110-112. 2/27/1X Received invoice #8783ACI5 for $95 from AT&T for February's cell phone service 2/28/1X Received invoice #25351 from PG&E for February's power of S102.00. Information for February's Adjusting Entries: Surveillance equipment purchased 2/2 has a 4-year life and a $500 expected salvage value. Sam's uses the straight line method of depreciation. 2125 On 2/28/1X, Sam's has supplies on hand of $150. As bookkeeper you carn $2,500, and Samantha earns $4,000 a month. Checks will be issued March 5h for February's work. (For simplicity, assume there are no withholdings.) By the end of February, Samantha had performed 30% of her dating consultations for Percy Pratt (Sam's received an advance from Percy on 2/17). By the end of February, one month's insurance had expired (see 2/3 transaction)
