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Not sure how to add the capital on retained earnings. need help Asap Use the drop-downs to select the accounts properly included on the income
Not sure how to add the capital on retained earnings. need help Asap
Use the drop-downs to select the accounts properly included on the income or post-closing balances will appear for each account, based on your selection. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end, e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. The unadjusted or adjusted balances will appear for each account, based on your selecttion. (Selecting Postwill only display ending capital.) On April 1, Robert King created a new travel agency. King Travel. The following transactions occurred during the company's first montl April 2 King invested $44,000 cash and computer equipment worth $22,200 in the conpany in exchange for its comson Btock. April 3 The conpany rented furnished office space by paying $2,000 cash for the first month's (April) rent. Apri1 4 The company purchased $2,000 of office supplies for cash. Apri1 10 The cofipany paid $1,800 cash for a 12 -month insurance policy. Coverage begins on ipril 11. ipri1 14 The company paid $1,540 cash for two weeks' "alaries earned by employees. April 24 The company collected $12,000 cash for conmissions revenue. April 28 The company paid $1,540 cash for two weeks' salaries earned by employees. April 29 The company paid $650 cash for minor repairs to conputer equipment. April 30 the company paid $600 cash for this month's telephone bill. April 30 The company paid $1,700 cash in dividends. Information for month-end adjustments follows: a. Prepald insurance of $100 expired this month. b. At the end of the month, $950 of office supplies are still available. c. This month's depreciation on computer equipment is $370. d. Employees earned $616 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,810 of commissions revenue that is not yet recorded at month-end. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Step by Step Solution
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