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must use headings available. answer within the hour thanks! Bruce Bonner began a web-based computer sales and service company on June 1, 2015 called Bonner's
must use headings available. answer within the hour thanks! Bruce Bonner began a web-based computer sales and service company on June 1, 2015 called Bonner's Toys Corporation The plan is to prepare monthly adjustments so that financial statements can be done each month. The following information is available for June, 2015 (assume a perpetual inventory system). June 1 Bruce invested $15,000 cash along with $9,000 of computer equipment into his new business in exchange for 500 shares. The equipment is estimated to have a useful life of 2 years and have no value after that time. 1 Purchased 6 months worth of insurance for $1,200 cash; the insurance is effective immediately 1 $25,000 of merchandise was purchased from Holden Corp. on account: terms 1/10,n30. 6 Bought used office furniture for $1,800 cash. It is estimated that the business will use the furniture for 3 years and then donate it to a charity 7 Sold merchandise to Joey Juno that cost $2,500 for $3,500; terms 1/15, n30. 10 Bought $200 of office supplies, paid cash. 12 Purchased $8,000 of merchandise inventory from Courtland Corp.: terms 1/10,n30; FOB shipping point. 13 Received the June 12, 2015 purchase and paid cash of $300 for shipping, 17 The customer of June 7, 2015 returned $500 of their purchase due to defects, the returned merchandise will not be returned to inventory 18 Paid for the merchandise purchased from Courtiand Corp. on June 12, 2015 20 Collected the balance owing regarding the June 7, 2015 sale 22 Paid for the merchandise purchased from Holden Corp. on June 1, 2015. 27 Sold merchandise to Joey Juno that cost $5,800 for $6,300 cash. Additional information available at month end, June 30 A count of the office supplies showed a balance on June 30 of S70 The merchandise inventory was counted and there was a balance on hand at June 30 of $23,670. The June utility bill arrived from Epcor Utility Company, the $750 balance owing must be paid by July 15, 2015, Please make sure your final answer(s) are accurate to 2 decimal places. Entor an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddimmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity) Use + for increase and - for decrease. For example, il an account decreases equity, choose Equity Prepare the journal entries based on the transactions that occurred from June 1 to June 30. Also, record the six adjusting entries for the month ended June 30 based on the additional information and a review of the June transactions Adjusting entries: General Journal Date Account/Explanation Page Gj1 Credit Effect On Balance Sheet F Debit + - + T + - Effect On Balance Sheet +Assets -Assets +Liabilities -Liabilities +Equity -Equity Choose an Account or Heading Categories: Accounts and Headings: All Accounts Payable, Courtland Corp. Assets Accounts Payable, Epcor Liabilities Accounts Payable, Holden Corp. Equity Accounts Receivable, Joey Juno Equity Accumulated Depreciation, Automobiles Revenues Accumulated Depreciation, Boats Expenses Accumulated Depreciation, Building Other Accumulated Depreciation, Computer Equipmen Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Office Fixtures Accumulated Depreciation, Office Furniture Accumulated Depreciation, Store Equipment Accumulated Depreciation, Store Fixtures Accumulated Depreciation, Store Furniture Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Advertising Payable ssets Automobiles abilities Boats quity Bonds Payable Equity Building Revenues Cash Expenses Commissions Earned Other Computer Equipment Consulting Revenue Earned Copyright Cost Of Goods Sold Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Computer Equipment Depreciation Expense, Land Improvements Depreciation Expense, Machinery Depreciation Expense Office Fixtures. Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: 1 Depreciation Expense, Office Fixtures ssets Depreciation Expense, Office Furniture abilities Depreciation Expense, Store Equipment quity Depreciation Expense, Store Fixtures Equity Depreciation Expense, Store Furniture Revenues Depreciation Expense, Trucks Expenses Dividends Other Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds Land - Land Improvements Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Land Improvements Assets Long-Term Notes Payable Liabilities Long-term Investment in Shares Equity Machinery Equity Merchandise Inventory Revenues Mortgage Payable Expenses Notes Receivable Other Office Fixtures Office Furniture Office Salaries Expense Office Supplies Office Supplies Expense Patents Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Dranarty Tayac Eynanca Search: ZS Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All TIPO TITETOOL Assets Prepaid Rent Property Taxes Expense Liabilities Property Taxes Payable Equity Rent Earned Equity Rent Expense Revenues Rent Payable Expenses Rent Receivable Other Rent expense, office space Rent expense, selling space Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense Share Capital Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: 1 (Salaries Expense ssets Salaries Payable abilities Sales quity Sales Discounts Equity Sales Returns and Allowances Revenues Sales Salaries Expense Expenses Share Capital Other Short-Term Notes Payable Store Equipment Store Fixtures Store Furniture Store Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel
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