Question
October 1. S.Erickson invested $50,000 cash, a $16,000 pool equipment, and $12,000 of office equipment in the company. 2. The company paid $4,000 cash for
October
1. S.Erickson invested $50,000 cash, a $16,000 pool equipment, and $12,000 of office equipment in the company.
2. The company paid $4,000 cash for five months rent.
3. The company purchased $1,620 of office supplies on credit from Todds Office Products.
5. The company paid $4,220 cash for one years premium on a property and liability insurance policy.
6. The company billed Deep End Co $4,800 for services performed in installing a new pool
8. The company paid $1, 620 cash for the office supplies purchased from Todds Office Products on October 3.
10. The company hired Julie Kruitas a part-time assistant for $136 per day, as needed.
12. The company billed Deep End Co another $1,600 for services performed.
15. The company received $4,800 cash from Deep End Co as partial payment on its account.
17. The company paid $750 cash to repair pool equipment that was damaged when moving it.
20. The company paid $1,958 cash for advertisements published in the local newspaper.
22. The company received $1,600 cash from Deep End Co. on its account.
28. The company billed Happy Summer Corp $6,802 for consulting services performed.
31. The company paid $952 cash for Julie Kruits wages for seven days work.
31. S.Erickson withdrew $3,500 cash from the company for personal use.
November
1. The Company reimbursed S. Erickson in cash for business automobile mileage allowance (Erickson logged 1,500 miles at $0.32 per mile).
2. The company received $5,630 cash from Underground Inc. for consulting services performed.
5. The company purchased office supplies for $1,325 cash from Todds Office Products.
8. The company billed Slides R Us $7,568 for services performed.
13. The company agreed to perform future services for Henrys Pool and Spa Co. No work has been performed.
18. The company received $2,802 cash from Happy Summer Corp as partial payment of the October 28 bill.
22. The company donated $450 cash to the United Way in the companys name.
24. The company completed work and sent a bill for $4,800 to Henrys Pool and Spa Co.
25. The company sent another bill to Happy Summer Corp for the past-due amount of$4,000.
28. The company reimbursed S. Erickson in cash for business automobile mileage(1,300miles at $0.32 per mile).
30. The company paid cash to Julie Kruit for 14 days work.
30. S.Erickson withdrew $1,500 cash from the company for personal use.
December
2. Paid $1,200 cash to West Side Mall for Splashing Arounds share of mall advertising costs.
3. Paid $350 cash for minor repairs to the companys pool equipment.
4. Received $ 4,800 cash from Henrys Pool and Spa Co. for the receivable from November.
10. Paid cash to Julie Kruit for six days of work at the rate of $136 per day.
14. Notified by Henrys Pool and Spa Co. that Splashing Arounds bid of $10,000 on a proposed project has been accepted. Henrys paid a $6,500 cash advance to Splashing Around
15. Purchased $1,400 of office supplies on credit from ToddsOffice Products.
16. Sent a reminder to Slides R Us to pay the fee for services recorded on November 8.
20. Completed a project for Underground Inc and received $6,545 cash.
2226. Took the week off for the holidays.
28. Received $4,500 cash from Slides R Us on its receivable.
29. Reimbursed S.Erickson for business automobile mileage (500 miles at $0.32 per mile).31.S.Erickson withdrew $2,500 cash from the company for personal use
Prepare an income statement for the three months ended December 31, 2019
Prepare a statement of owners equity for the three months ended December 31, 2019
Prepare a classified balance sheet as of December 31, 2019
Record the closing entries for Splashing Around
Post the closing entries to the general ledger under "closing entry"
Prepare a post-closing trial balance as of December 31, 2019.
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