Mailings Review View Help ses Unless you need to edit it's safer to in Protected Inable Editing Problem 1 Test 1-"Recovery" points assignments Journalize the following business transactions in general journal form identify each transaction by imber. You may omit explanations of the transactions 1.The owner, Athena, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship 2.Purchased $400 of supplies on credit 3.Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day 56,000, note Real estate commissions billed to clients amount to 54,000 5.Paid $700 in cash for the cast month's rest 6.Paid $200 cash on account for supplies purchased in transaction 2. 7.Received a bill for S600 for advertising for the sent month 8.Paid $2,200 cash for office salaries and was 9. withdrew $1,500 from the business for Swing expenses 10. Received a check for $3,000 from a et in payment on account for commissions billed in transaction 4 T 6 Y 9 H 27 9 808 9 61 U 1 3 B N M K O 0 V P L V Mailings Review View Help Unless you need to edit safer 30 stax in Potected View Enable Eng Problem 2 New Slang Pest Control has the following balances in selected accounts on December 31, 2021 Accounts Receivable Accumulated Depreciation-Equipment 0 Equipment 6650 Interest Payable o Notes Payable 20,000 Prepaid Insurance 2,220 Salaries and Wages Payable o Supplies 2,940 Unearned Service Revenue 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2021 1. Depreciation on the equipment for 2021 is $1,300 2. New Slang Pest Control borrowed $20,000 by signing 10%, one-year note on July 1, 2021. 3. New Slang Pest Control paid 52,220 for 12 months of insurance coverage on October 1, 2021 New Slang Pest Control peys its employees total salaries of 511,000 every Monday for the preceding 5 day week (Monday friday. On Monday, December 27, 2021, employees were paid for the week ending December 28, 2021, All employees worked the five days ending December 11, 2021 5. New Slang Pest Control performed dintecting services for a client in December 2021. The cent will be billed 53,200 6. On December 1, 2021, New Slang ist Control collected $30,000 for disinfecting processes performed from December 1, 2021, through May 31, 2002 7. A count of supplies on December 11, 2001, indicates that supplies of $850 are on hand Instructions Prepare in journal form with explanation, the adjusting entries for the seven deed be New Sene Pest Contr TO 5 T G 6 Y T 46 7 A 4 B L 99 4 0 0 P R K B N M V- All . V CE pleded View Sal Mailings Review View Help nes Unless you need to edit, safer to stay in Protected View Enable Eating Problem 3 At December 31, account balances after adjustments for Vizzini Cinema ace as follows: Account Balances Accounts (After Adjustment) Cash $ 11,000 12,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment Accounts Payable 5,000) Owner's Capital 20,000 Owner's, Drawing 12,000 Ticket Revenue 65,000 Service Revenue $3,000 Advertising Expense 18,000 Supplies Expense 19,000 Depreciation Expense 4,000 Rent Expense 28,000 Salaries and Wages Expense 24,000 Utilities Expense 5,000 Instructions Prepare the closing journal entries for Vi 5 9 9 r Y 4 9 0 & 27 8 L L K H B N M 01 V