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Must Include Ledgers prehensive problem: alizing, posting, and ring a trial balance 3 (50 min) a. Prepare a trial balance using the b. Analyze the
Must Include Ledgers
prehensive problem: alizing, posting, and ring a trial balance 3 (50 min) a. Prepare a trial balance using the b. Analyze the accounts and balances and describe each of the eight transac. tions that most likely occurred and their amounts. P3-2C. In June, Matt Nepoose Investigative Agency of Thunder Bay had the following transactions: Figure lance Total $19,830 2022 June 3 Matt Nepoose invested $16,500 in the new agency. 4 Bought office equipment for cash, $5,100. 7 Earned investigative fee, $3,200, but payment from client will not be received until later. 10 Matt paid his home cable and gas bill from the company bank account, $107. 11 Located missing spouse, received $975 cash for fees earned. pada 14 Paid cash for supplies, $270. 18 Paid wages expense, $1,100. 25 Received half of the fee earned on June 7. 27 Rent bill was received but not yet paid, $130. 28 Advertising bill was paid, $525. The chart of accounts includes Cash, 111; Accounts Receivable, 112; Supplies 131; Office Equipment, 141; Accounts Payable, 211; M. Nepoose, Capital , 311 M. Nepoose, Withdrawals, 321; Investigative Fees Earned, 411; Wages Expense, 511; Rent Expense, 521; Advertising Expense, 531. P3-4C. Required a. The ledger is already set up for you based on the chart of accounts. b. Journalize (all page 1) and post transactions. c. Prepare a trial balance for June 30, 2022Step by Step Solution
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