Need the unadjusted trial balance, adjustments, adjusted trial balance.

The following transactions occurred during the month of December 2019: Dec. 5 Paid accounts payable of $4,120 6 Paid stadium rental of $3.070 in advance. 6 Purchased supplies, $330, on account. 7 Deposited $28,000 of admissions receipts. 9 Uncamed admissions revenue is for gift certificates purchased for admission into future shows. $810 more of these gift certificates were sold to a local restaurant business, for cash. 10 Purchased $6,960 of concessions items on credit. 12 Acquired additional equipment worth $23,000 by paying $200 cash and giving a long-term note payable for the balance 14 Paid wages of $13.500 for the period December 1 through 14. 16 Paid for the supplies purchased on December 6, 17 Purchased $7,000 of supplies on credit. 19 Sold 500 shares of S10 par value common stock for $10 a share. 21 Deposited $32,180 from concessions sales and $10,660 of admissions receipts. 24 Paid S6,600 for repairs to roof for weather damage. 25 Purchased $6,400 of concessions items on account. 27 Paid for the supplies purchased on December 17. 28 Paid wages of $20,130 for the period December 15 through 28 30 Paid $4,300 to newspaper for advertisements that appeared in December. 31 Deposited $23,000 from admissions receipts and 546,340 from concessions sales. 31 Declared and paid the annual dividend, amounting to $5,600 REQUIREMENTS Please follow these instructions carefully! 1. Prepare journal entries to record the December transactions listed above. 2. Post the December journal entries to the general ledger 3. Prepare a 6-column worksheet and enter the December 31 unadjusted balances from the general ledger accounts. Also enter adjusting entries for the following items on the worksheet, and complete the worksheet a. Unpaid wages were $4.980 as of December 31. b. The December 31 concessions inventory was $6,065. e. The supplies inventory was $4.885 on December 31. d. The unexpired portion of the prepaid stadium rental was $6,330 as of December 31. e. Depreciation for the year on the equipment was $11,150. Depreciation for the year on the building was $41.760 g. Unpaid utilities expense for December was $5.930 h. Interest expense on the note payable for 2019 was $4.470, to be paid when the note matures. i. Admissions gift certificates still unredeemed at December 31 totaled $5.200. 4. Journalize and post the adjusting entries to the general ledger. These are the same adjustments that are recorded on the 6- column worksheet 5. Prepare an income statement, statement of retained carnings, and a balance sheet for the year ended December 31, 2019 6. Journalize and post the closing entries to the general ledger Accounts Payable Wages Payable Utilities Payable Interest Payable the first 11 months or 2019, and the balance in Jassy's common stock and retained earnings accounts have not changed since December 31, 2018. Currently, 5,000 shares of stock are outstanding and 20,000 shares have been authorized. All income tax effects are to be ignored for this project. Jassy's Beauties Unadjusted Trial Balance November 30, 2019 REF DEBIT CREDIT Cash 111 528,370 Make-Up Inventory 112 22,540 Supplies Inventory 113 18,220 Prepaid Rent 114 28,440 Equipment 131 555.230 Accumulated Depreciation, Equipment 132 260,290 Building 135 888,380 Accumulated Depreciation, Building 136 256,520 211 44,910 212 0 213 0 214 0 Unearned Appointment Revenue 215 7,330 Long-Term Notes Payable 231 95,500 Common Stock ($10 par value) 311 155,470 Retained Earnings 312 623.770 Dividends 313 Income Summary 314 Appointment Revenue 411 1,138,440 Make-Up Revenue 412 1,174,090 Wages Expense 511 955,450 Rent Expense 512 415,310 Make-Up Expense 513 262,780 Supplies Expense 514 0 Utilities Expense 515 36,890 Advertising Expense 516 14,040 Maintenance Expense 517 30,670 Depreciation Expense, Equipment 518 0 Depreciation Expense, Building 519 0 Interest Expense 520 0 Totals $3,756,320 $3.756,320 Journal Entries Date Account Title and Explaination Post. Ref. Debit $ Credit Dec 5 $ Accounts Payable Cash To record payment of payables) 4,120.00 $ 4,120.00 Dec. 6 $ Prepaid Rent Cash To record payment of Stadiunt rent in advance 3,070.00 $ 3,070,00 Dec 6 S 330.00 Supplies Accounts Payable To record Supplies purchased on account) 330.00 Dec.? s Cash Admission Revenue To record Admission receipts) 28,000.00 $ 28,000.00 Dee.9 Decs $ 810.00 S 10.00 Dec 10 $ 6,960.00 $ 6,960,00 Dec. 12 $ 23,000.00 Cash Unearned Admission Revenue To record gift certificates for admission sold) Make-Up Inventory Accounts Payable To record concession items purchased on account) Equipment Cash Notes Payable To record print purchased and cash paid partly balance through Note Pale) Wagen Expense Cash To record payment of Wapes, Accounts Payable Cash To record payment of power 200.00 22,800.00 Dec. 14 s 13,500.00 $ 13,500.00 Dec. 16 S 330.00 5 330.00 Dec 17 7,000 DO 7,000.00 5 Dec 19 S.OOO00 5,000.00 Supplies Accounts Poble To record Supplies perchased on Caak (800 x 310 Common Sack Interecord Common Stooker.com) (Casti Consales Revenue Admission Revenue for record recent of sales revenue and admission 3 De 21 1201000 32.150.00 1000.00 6000 De 24 |Papai $ 10,660,00 (To record receipt of sales revenue and admission revenue) Dec 24 $ 6,600.00 Repairs Expense Cash (To record payment of repairs expense) 6,600.00 Dec 25 $ 6,400.00 Make-Up Inventory Accounts Payable (To record purchase of Concession items on account) $ 6,400.00 Dec.27 S 7,000.00 Accounts Payable Cash (To record payment of payables) $ 7,000.00 Dec 28 $ Wages Expense Cash (To record payment of Wages Expense) 20,130.00 $ 20,130.00 Dec 30 $ Advertising Expense Cash To record payment of Advertising expense) 4,300.00 $ 4,300.00 Dec 31 $ 69,340.00 Cash Concession Sales Revenue Admission Revenue (To record receipt of sales revenue and admission revenue) s S 46,340.00 23,000.00 Dec.31 $ 5,600.00 Dividends Cash (To record declaration and payment of dividends) $ 5,600.00 Comment > VIVEK Presented below is the November 30, 2019, unadjusted trial balance of Jassy's Beauties, which is owned by Jassy Corporation. The temporary account balances represent the results of entries recorded during the first 11 months of 2019, and the balance in Jassy's common stock and retained caring accounts have not changed since December 31, 2018. Currently 5,000 shares of stock are outstanding and 20,000 shares have been authorized. All income tax effects are to be ignored for this project. Jassy's Beauties Unadjusted Trial Balance November 30, 2019 REF DEBIT CREDIT Cash 111 528,370 Make-Up Inventory 112 22.540 Supplies Inventory 113 16.220 Prepaid Rent 114 28.440 Equipment 131 555,230 Accumulated Depreciation Equipment 132 260,290 Building 135 888,380 Accumulated Depreciation, Building 136 256 $20 Accounts Payable 211 44,910 Wages Payable 212 0 Utilities Payable 213 0 Interest Payable 214 0 Uncamed Appointment Revenue 215 7330 Long Term Notes Payable 231 95.500 Common Stock (S10 par value) 311 155470 Retained Earnings 312 623,770 Dividends 313 Income Summary 314 Appointment Revenue 411 1.134.40 Make Up Revenus 412 1174 090 Wages Expense 311 955.450 Rent Expense $12 415310 Make Up Expense 513 262.780 Supplies Expense $14 Utilities Experid SIS 36.890 Advertising Expense 516 14.00 Maintenance Expense 517 30,670 Depreciation Expense Equipment S18 519 Depreciation Expense Building Interest Exupease 520 0 Tocals $1.756329 53.356 320 0 GENERAL JOURNAL - Jassy's Beauties ACCOUNT REF DEBIT DATE 2011 CREDIT 24 $4.120 $4.120 (Paid Accounts Payable) Dec. 6 Prepaid Rent Cash 14 3.070 3.070 332 Dec. 6 Supplies Inventory Accounts Payable 13 21 320 25,000 Dec. 7 Cash Anda se 41 215 ILN 6.460 De a Cash Unearned Appartment Revenue Gold gift certificate) 1 Make-up Inventory Accounts pable Buget Concesion Hems) Dec 12 Equipment Gaz Nala Poble 112 2011 6,960 131 123.900 200 22.00 50 was 13,500 Dec 14 13. 500 That Woges Der f - Dec 14) B 1 Accounts Payable 211 330 Tash 330 SO. 120 50, 120 DATE CREDIT 13 2.1 7.000 GENERAL JOURNAL - Jassy's Beauties ACCOUNT REF DEBIT Pupplies. Inventory TOOD "Accounts Payable Purchased supplies) Dec 19 Cash 5.200 Common Stock (sold shares) Dec 21 (esh L 42,840 Appointment Revenit Deposit robe prevrnus 5.000 32.18 ID 460 Der 24 617 16.600 Dec 25 Makan laveste 211 4 HOO (Bought Maliy Hans) 22 22 Accounts Payable 1211 2.000 51 Rd Cash langes Dec 15 - Dec 28) - 3 Mertsing Berces (Paud nupper clesting) SIG 4.200 4.300 24.290 99,270 CREDIT GENERAL JOURNAL - Jassy's Beauties DATE ACCOUNT REF DEBIT Dec 31 Cash 6340 Applicat. Revenues Makeup Revenues. Ved soon Recipes Deposited Mabroup for 23.000 46 SHO Dec 31 Dividends Cash 1513 15 Ghar General De 25330 254.330 The following transactions occurred during the month of December 2019: Dec. 5 Paid accounts payable of $4,120 6 Paid stadium rental of $3.070 in advance. 6 Purchased supplies, $330, on account. 7 Deposited $28,000 of admissions receipts. 9 Uncamed admissions revenue is for gift certificates purchased for admission into future shows. $810 more of these gift certificates were sold to a local restaurant business, for cash. 10 Purchased $6,960 of concessions items on credit. 12 Acquired additional equipment worth $23,000 by paying $200 cash and giving a long-term note payable for the balance 14 Paid wages of $13.500 for the period December 1 through 14. 16 Paid for the supplies purchased on December 6, 17 Purchased $7,000 of supplies on credit. 19 Sold 500 shares of S10 par value common stock for $10 a share. 21 Deposited $32,180 from concessions sales and $10,660 of admissions receipts. 24 Paid S6,600 for repairs to roof for weather damage. 25 Purchased $6,400 of concessions items on account. 27 Paid for the supplies purchased on December 17. 28 Paid wages of $20,130 for the period December 15 through 28 30 Paid $4,300 to newspaper for advertisements that appeared in December. 31 Deposited $23,000 from admissions receipts and 546,340 from concessions sales. 31 Declared and paid the annual dividend, amounting to $5,600 REQUIREMENTS Please follow these instructions carefully! 1. Prepare journal entries to record the December transactions listed above. 2. Post the December journal entries to the general ledger 3. Prepare a 6-column worksheet and enter the December 31 unadjusted balances from the general ledger accounts. Also enter adjusting entries for the following items on the worksheet, and complete the worksheet a. Unpaid wages were $4.980 as of December 31. b. The December 31 concessions inventory was $6,065. e. The supplies inventory was $4.885 on December 31. d. The unexpired portion of the prepaid stadium rental was $6,330 as of December 31. e. Depreciation for the year on the equipment was $11,150. Depreciation for the year on the building was $41.760 g. Unpaid utilities expense for December was $5.930 h. Interest expense on the note payable for 2019 was $4.470, to be paid when the note matures. i. Admissions gift certificates still unredeemed at December 31 totaled $5.200. 4. Journalize and post the adjusting entries to the general ledger. These are the same adjustments that are recorded on the 6- column worksheet 5. Prepare an income statement, statement of retained carnings, and a balance sheet for the year ended December 31, 2019 6. Journalize and post the closing entries to the general ledger Accounts Payable Wages Payable Utilities Payable Interest Payable the first 11 months or 2019, and the balance in Jassy's common stock and retained earnings accounts have not changed since December 31, 2018. Currently, 5,000 shares of stock are outstanding and 20,000 shares have been authorized. All income tax effects are to be ignored for this project. Jassy's Beauties Unadjusted Trial Balance November 30, 2019 REF DEBIT CREDIT Cash 111 528,370 Make-Up Inventory 112 22,540 Supplies Inventory 113 18,220 Prepaid Rent 114 28,440 Equipment 131 555.230 Accumulated Depreciation, Equipment 132 260,290 Building 135 888,380 Accumulated Depreciation, Building 136 256,520 211 44,910 212 0 213 0 214 0 Unearned Appointment Revenue 215 7,330 Long-Term Notes Payable 231 95,500 Common Stock ($10 par value) 311 155,470 Retained Earnings 312 623.770 Dividends 313 Income Summary 314 Appointment Revenue 411 1,138,440 Make-Up Revenue 412 1,174,090 Wages Expense 511 955,450 Rent Expense 512 415,310 Make-Up Expense 513 262,780 Supplies Expense 514 0 Utilities Expense 515 36,890 Advertising Expense 516 14,040 Maintenance Expense 517 30,670 Depreciation Expense, Equipment 518 0 Depreciation Expense, Building 519 0 Interest Expense 520 0 Totals $3,756,320 $3.756,320 Journal Entries Date Account Title and Explaination Post. Ref. Debit $ Credit Dec 5 $ Accounts Payable Cash To record payment of payables) 4,120.00 $ 4,120.00 Dec. 6 $ Prepaid Rent Cash To record payment of Stadiunt rent in advance 3,070.00 $ 3,070,00 Dec 6 S 330.00 Supplies Accounts Payable To record Supplies purchased on account) 330.00 Dec.? s Cash Admission Revenue To record Admission receipts) 28,000.00 $ 28,000.00 Dee.9 Decs $ 810.00 S 10.00 Dec 10 $ 6,960.00 $ 6,960,00 Dec. 12 $ 23,000.00 Cash Unearned Admission Revenue To record gift certificates for admission sold) Make-Up Inventory Accounts Payable To record concession items purchased on account) Equipment Cash Notes Payable To record print purchased and cash paid partly balance through Note Pale) Wagen Expense Cash To record payment of Wapes, Accounts Payable Cash To record payment of power 200.00 22,800.00 Dec. 14 s 13,500.00 $ 13,500.00 Dec. 16 S 330.00 5 330.00 Dec 17 7,000 DO 7,000.00 5 Dec 19 S.OOO00 5,000.00 Supplies Accounts Poble To record Supplies perchased on Caak (800 x 310 Common Sack Interecord Common Stooker.com) (Casti Consales Revenue Admission Revenue for record recent of sales revenue and admission 3 De 21 1201000 32.150.00 1000.00 6000 De 24 |Papai $ 10,660,00 (To record receipt of sales revenue and admission revenue) Dec 24 $ 6,600.00 Repairs Expense Cash (To record payment of repairs expense) 6,600.00 Dec 25 $ 6,400.00 Make-Up Inventory Accounts Payable (To record purchase of Concession items on account) $ 6,400.00 Dec.27 S 7,000.00 Accounts Payable Cash (To record payment of payables) $ 7,000.00 Dec 28 $ Wages Expense Cash (To record payment of Wages Expense) 20,130.00 $ 20,130.00 Dec 30 $ Advertising Expense Cash To record payment of Advertising expense) 4,300.00 $ 4,300.00 Dec 31 $ 69,340.00 Cash Concession Sales Revenue Admission Revenue (To record receipt of sales revenue and admission revenue) s S 46,340.00 23,000.00 Dec.31 $ 5,600.00 Dividends Cash (To record declaration and payment of dividends) $ 5,600.00 Comment > VIVEK Presented below is the November 30, 2019, unadjusted trial balance of Jassy's Beauties, which is owned by Jassy Corporation. The temporary account balances represent the results of entries recorded during the first 11 months of 2019, and the balance in Jassy's common stock and retained caring accounts have not changed since December 31, 2018. Currently 5,000 shares of stock are outstanding and 20,000 shares have been authorized. All income tax effects are to be ignored for this project. Jassy's Beauties Unadjusted Trial Balance November 30, 2019 REF DEBIT CREDIT Cash 111 528,370 Make-Up Inventory 112 22.540 Supplies Inventory 113 16.220 Prepaid Rent 114 28.440 Equipment 131 555,230 Accumulated Depreciation Equipment 132 260,290 Building 135 888,380 Accumulated Depreciation, Building 136 256 $20 Accounts Payable 211 44,910 Wages Payable 212 0 Utilities Payable 213 0 Interest Payable 214 0 Uncamed Appointment Revenue 215 7330 Long Term Notes Payable 231 95.500 Common Stock (S10 par value) 311 155470 Retained Earnings 312 623,770 Dividends 313 Income Summary 314 Appointment Revenue 411 1.134.40 Make Up Revenus 412 1174 090 Wages Expense 311 955.450 Rent Expense $12 415310 Make Up Expense 513 262.780 Supplies Expense $14 Utilities Experid SIS 36.890 Advertising Expense 516 14.00 Maintenance Expense 517 30,670 Depreciation Expense Equipment S18 519 Depreciation Expense Building Interest Exupease 520 0 Tocals $1.756329 53.356 320 0 GENERAL JOURNAL - Jassy's Beauties ACCOUNT REF DEBIT DATE 2011 CREDIT 24 $4.120 $4.120 (Paid Accounts Payable) Dec. 6 Prepaid Rent Cash 14 3.070 3.070 332 Dec. 6 Supplies Inventory Accounts Payable 13 21 320 25,000 Dec. 7 Cash Anda se 41 215 ILN 6.460 De a Cash Unearned Appartment Revenue Gold gift certificate) 1 Make-up Inventory Accounts pable Buget Concesion Hems) Dec 12 Equipment Gaz Nala Poble 112 2011 6,960 131 123.900 200 22.00 50 was 13,500 Dec 14 13. 500 That Woges Der f - Dec 14) B 1 Accounts Payable 211 330 Tash 330 SO. 120 50, 120 DATE CREDIT 13 2.1 7.000 GENERAL JOURNAL - Jassy's Beauties ACCOUNT REF DEBIT Pupplies. Inventory TOOD "Accounts Payable Purchased supplies) Dec 19 Cash 5.200 Common Stock (sold shares) Dec 21 (esh L 42,840 Appointment Revenit Deposit robe prevrnus 5.000 32.18 ID 460 Der 24 617 16.600 Dec 25 Makan laveste 211 4 HOO (Bought Maliy Hans) 22 22 Accounts Payable 1211 2.000 51 Rd Cash langes Dec 15 - Dec 28) - 3 Mertsing Berces (Paud nupper clesting) SIG 4.200 4.300 24.290 99,270 CREDIT GENERAL JOURNAL - Jassy's Beauties DATE ACCOUNT REF DEBIT Dec 31 Cash 6340 Applicat. Revenues Makeup Revenues. Ved soon Recipes Deposited Mabroup for 23.000 46 SHO Dec 31 Dividends Cash 1513 15 Ghar General De 25330 254.330