need help with post closing adjusting and unadjusted and ledger and income / balance sheet /stockholder
please help with 1-10
what I have so far :
1. Journalize each transaction in a two-column journal starting on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) 2. Post the journal to a ledger of four-column accounts. Add the appropriate posting reference to the journal. 3. Prepare an unadjusted trial balance. 4. At the end of July, the following adjustment data were assembled. Analyze and use these data to complete requirements (5) and (6). A. Insurance expired during July is $375. B. Supplies on hand on July 31 are $1,550. C. Depreciation of office equipment for July is $750. D. Accrued receptionist salary on July 31 is $170. E. Rent expired during July is $2,400. F. Unearned fees earned on July 31, $2,000. 6. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet. A. Journalize the adjusting entries on page 3 of the journal. Adjusting entries are recorded on July 31. Refer to the Chart of Accounts for exact wording of account titles. B. Post the adjusting entries, inserting balances in the accounts affected. 7. Prepare an adjusted trial balance. 8. A. Prepare an income statement for the month ended July 31, 20Y2. Be sure to complete the statement heading. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to enter colons (.) on the income statement B. Prepare a statement of stockholders' equity for the month ended July 31, 20Y2. Be sure to complete the statement heading. Negative amount should be indicated by the minus sign. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. If an amount is zero, enter "0" C. Prepare a balance sheet as of July 31, 20Y2. Be sure to complete the statement heading. Fixed assets must be entered in order according to account number. Refer to the Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. You will not need to enter colons (-) or the word "Less" on the balance sheet; they will automatically insert where necessary. Negative amount should be indicated by the minus sign. 9. A. Journalize the closing entries on page 4 of the journal. Refer to the Chart of Accounts for exact wording of account titles. B. Post the closing entries, inserting balances in the accounts affected. Leave the ITEM column BLANK for each row. If the account balance is zero (0) after closing entries are posted, enter a zero (0) in the account's normal balance column. 10. Prepare a post-closing trial balance. Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Month Ended July 31, 20Y2 July 31, 20Y2 Property, plant, and equipment Revenues Amount Descriptions Balances, July 1, 20Y2 Balances, July 31, 20Y2 Dividends Issued common stock Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity CHART OF ACCOUNTS Diamond Consulting General Ledger ASSETS REVENUE 41 Fees Earned 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation EXPENSES 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Adjusting Entries Credit Account Title Insurance Expense Prepaid Insurance Debit $ 375 A $ 375 B $ 2,150 (3,100 + 600 = 3,700 - 1,550 = 2,150 ) Supplies Expense Supplies $ 2,150 C $ 750 Depreciation expense Accumulated Depreciation $ 750 D $ 170 Salaries Expense Salaries payable $ 170 E $ 2,400 Rent Expense Prepaid Rent $ 2,400 F $ 3,500 (5,500 - 2,000 = 3,500) Unearned Fees Fees Earned $ 3,500 Journal Entries July 1 Credit Account Title Cash Accounts Receivable Supplies Office Equipment Common Stock Debit $ 12,500 $ 20,800 $ 3,100 $ 7,500 $ 43,900 1 $ 4,800 Prepaid Rent Cash $ $ 4,800 2 $ 4,500 Prepaid Insurance Cash $ 4,500 4 $ 5,500 Cash Unearned Fees $ 5,500 5 $ 6,500 Office Equipment Accounts Payable $ 6,500 6 $ 15,300 Cash Accounts Receivable $ 15,300 10 $ 400 Miscellaneous Expense Cash $ 400 12 $ 5,200 Accounts Payable Cash $ 5,200 12 $ 13,300 Accounts Receivable Fees Earned $ 13,300 14 $ 1,700 Salaries Expense Cash $ 1,700 17 $ 9,450 Cash Fees Earned $ 9,450 18 $ 600 Supplies Cash $ 600 20 $ 6,650 Accounts Receivable Fees Earned $ 6,650 24 $ 5,000 Cash Fees Earned $ 5,000 26 Cash $ 12,000 Accounts Receivable $ 12,000 27 $ 1,700 Salaries Expense Cash $ 1,700 29 $ 400 Miscellaneous Expense Cash $ 400 31 $ 675 Miscellaneous Expense Cash $ 675 31 $ 5,200 Cash Fees Earned $ 5,200 31 $ 3,000 Accounts Receivable Fees Earned $ 3,000 . 31 $ 12,500 Dividends Cash $ 12,500
