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NEED SOMEONE TO ENTER ALL THE TRANSACTIONS INTO THE JOURNAL ENTRIES Nighthawk Services was incorporated in the state of VA. The company will provide management
NEED SOMEONE TO ENTER ALL THE TRANSACTIONS INTO THE JOURNAL ENTRIES
Nighthawk Services was incorporated in the state of VA. The company will provide management consulting services to business and 1-Jan governmental clients. 2-Jan Tom M. contributed $275,000 of personal funds to the business in exchange for shares of common stock 3-Jan Nighthawk Services signed a contract to provide consulting services for $100,000 to ABC client. 4-Jan Nighthawk Services received $100,000 from ABC for work to be performed half in January and half in February 5-Jan Nighthawk Services bought $600 of office supplies on account 6-Jan Nighthawk Services bought $50,000 of office equipment using cash 7-Jan Nighthawk Services hired 2 consultants 8-Jan Nighthawk Services purchased a 12 month insurance contract for $12,000 9-Jan Nighthawk Services paid $1750 cash for rental of office space for January 10-Jan Nighthawk Services paid $910 on account for advertising during January. 11-Jan Nighthawk Services was paid $10,750 from Fed Corp to perform services during January 12-Jan Nighthawk Services purchased $450 of supplies using cash Nighthawk Services signed a contract to provide consulting services for $54,000 to DMV client Services to be provided equally over the next 13-Jan 12 months beginning in the month of January. Client will be billed at end of each month. 14-Jan Nighthawk Services pays employees $3,000 in salaries 15-Jan Nighthawk Services borrowed $450,000 on a 5% note payable. 16-Jan Nighthawk Services purchased Land for $300,000 cash with plans to build an office building within the next year. 17-Jan Nighthawk Services paid $2000 cash for repairs and maintenace to equipment 20-Jan Nighthawk Services loans $24,000 to G Corp on a 10% (interest) note receivable 21-Jan Nighthawk Services pays employees $3,000 in salaries 22-Jan Nighthawk Services gets paid $12,850 for services performed to Vector Corp 23-Jan Nighthawk Services purchases $150,000 in stock investments 24-Jan Nighthawk Services gets a $5375 bill for utilities used in January 25-Jan Nighthawk Services pays $1750 in office rent for month of February 26-Jan Nighthawk Services pays $70,000 in dividends 27-Jan Nighthawk Services pays $400 cash to attend an event to promote business at a convention in January 28-Jan Nighthawk Services pays $490 cash for taxes 29-Jan Nighthawk Services pays employees $3,000 in salaries 30-Jan Nighthawk Services paid for $700 office supplies previously purchased on account 31-Jan Nighthawk Services has to prepare financial statements for the owner and the bank from which the funds were borrowed. January Month End Adjustments 31-Jan Nighthawk Services calculated $550 in depreciation 31-Jan Nighthawk Services owes January interest on the loan 31-Jan Nighthawk Services counted $500 in remaining supplies (on hand supplies) 31-Jan Nighthawk Services owes employees $1,500 in salaries for work performed in January Are there any other accounts that need adjusting?!! for B D E F G I H 1 J Debit Credit Debited Amount Credited Amount Transactions Journal Entries Ledger Balances Trial Balance Adjusting Entries Adjusted Ledger Balances Adjusted TrialStep by Step Solution
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