On June 1, 20X1, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June 1 Jenna Davis invested $42,800 cash to start the business. 2 Issued Check 201 for $1,600 to pay the June rent for the office. 3 Purchased desk and other office furniture for $14,400 from Lowe's Office Supply, Invoice 5103; issued Check 202 for a $2,220 down payment with the balance due in 30 days.. 4 Issued Check 203 for $1,460 for supplies. 6 Performed services for $8,400 in cash. 7 Issued Check 204 for $8,260 to pay for advertising expense. 8 Purchased recording equipment for $15,000 from Special Moves, Inc., Invoice 2122; issued Check 205 for a down payment of $5,800 with the balance due in 30 days. 10 Performed services for $6,490 on account. 11 Issued Check 206 for $3,210 to Love's Office Supply as payment on account. 12 Performed services for $10,200 in cash. 15 Issued Check 207 for $6,450 to pay an employee's salary. 18 Received payments of $4,000 from credit clients on account. 20 Issued Check 208 for $6,060 to Special Moves, Inc., as payment on account. 25 Issued Check 209 in the amount of $340 for the monthly telephone bill. 27 Issued Check 210 in the amount of $1,180 for the monthly electric bill. 28 Issued Check 211 to Jenna Davis for $5,150 for personal living expenses. 30 Issued Check 212 for $6,820 to pay the salary of an employee. Required: 1. Prepare the journal entries for the above transactions. 2. Post the above transactions to the ledger accounts. 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Strt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 5 6 7 8 17 > Jenna Davis invested $42,800 cash to start the business. Note: Enter debits before credits. Date June 01, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 17 Issued Check 201 for $1,600 to pay the June rent for the office. Note: Enter debits before credits. Date June 02, 20X1 General Journal Debit Credit View general journal Record entry Clear entry Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 17 Purchased desk and other office furniture for $14,400 from Lowe's Office Supply, Invoice 5103; issued Check 202 for a $2,220 down payment with the balance due in 30 days. Note: Enter debits before credits. Date June 03, 20X1 General Journal Debit Credit Record entry Clear entry View general journal V w Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 17 > Issued Check 203 for $1,460 for supplies. Note: Enter debits before credits. Date June 04, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 Performed services for $8,400 in cash. Note: Enter debits before credits. Date June 06, 20X1 5 6 8 17 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 Issued Check 204 for $8,260 to pay for advertising expense. Note: Enter debits before credits. Date June 07, 20X1 8 17 General Journal Debit Credit Record entry Clear entry View general journal Analyze. How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8. 17 > Purchased recording equipment for $15,000 from Special Moves, Inc., Invoice 2122; Issued Check 205 for a down payment of $5,800 with the balance due in 30 days. Note: Enter debits before credits. Date June 08, 20X1 General Journal Debit Credit Record entry Clear entry View general Journal How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 17 Performed services for $6,490 on account. Note: Enter debits before credits. Date June 10, 20X1 General Journal Debit Credit Record entry Clear entry View general Journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 4 5 6 7 8 9 17 Issued Check 206 for $3,210 to Lowe's Office Supply as payment on account. Note: Enter debits before credits. Date June 11, 20X1 General Journal Debit Credit Record entry Clear entry View general Journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < ... 5 6 7 Performed services for $10,200 in cash. Note: Enter debits before credits. Date June 12, 20X1 6 10 ... 17 71 General Journal Debit Credit Record entry Clear entry View general Journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 6 8 10 10 11 17 Issued Check 207 for $6,450 to pay an employee's salary. Note: Enter debits before credits. Date June 15, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 ..... 7 8 6 10 11 12 17 Received payments of $4,000 from credit clients on account. Note: Enter debits before credits. Date June 18, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 8 9 10 11 12 12 13 ... 17 Issued Check 208 for $6,060 to Special Moves, Inc., as payment on account. Note: Enter debits before credits. Date June 20, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 9 10 11 12 22 13 14 17 Issued Check 209 in the amount of $340 for the monthly telephone bill. Note: Enter debits before credits. Date June 25, 20X1 General Journal Debit Credit Record entry Clear entry View general Journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 ..... 10 11 12 13 14 15 15 17 Issued Check 210 in the amount of $1,180 for the monthly electric bill. Note: Enter debits before credits. Date June 27, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Income Stmt of Trial Balance Statement Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 10 11 12 1133 14 15 16 17 Issued Check 211 to Jenna Davis for $5,150 for personal living expenses. Note: Enter debits before credits. Date June 28, 20X1 General Journal Dobit Credit Record entry Clear entry View general Journal Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the journal entries for the above transactions. View transaction list Journal entry worksheet < 1 ... 10 11 12 13 14 15 16 17 Issued Check 212 for $6,820 to pay the salary of an employee. Note: Enter debits before credits. Date June 30, 20X1 General Journal Debit Credit Record entry Clear entry View general journal Post the above transactions to the ledger accounts. Accounts Receivable Cash Account No. 101 Date Debit Credit Balance Dato Date Account No. 111 Balance Debit Credit + Account No. 141 Supplies Account No. 121 Office Furniture Debit Credit Balance Date Debit Credit Recording Equipment Date Balance Account No. 151 Accounts Payable Account No. 202 Debit Credit Balance Date Debit Credit Balance Recording Equipment Date Account No. 151 Accounts Payable Account No. 202 Debit Credit Balance Date Debit Credit Balance Jenna Davis, Capital Date Date Date Fees Income Rent Expense Account No. 301 Jenna Davis, Drawing Account No. 302 Debit Credit Balance Date Debit Credit Balance + Account No. 401 Advertising Expense Account No. 511 Debit Credit Balance Date Debit Credit Balance Account No. 514 Salaries Expense Account No. 517 Debit Credit Balance Date Debit Credit Balance Telephone Expense Date Account No. 520 Utilities Expense Account No. 523 Debit Credit Balarice Date Debit Credit Balance Next S How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare a trial balance. LEADERSHIP COACHING AGENCY Trial Balance June 30, 20X1 + Totals < Ledger Accounts Income Statement > How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the income statement. LEADERSHIP COACHING AGENCY Income Statement Month Ended June 30, 20X1 Revenue Expenses Total Expenses 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare a statement of owner's equity. LEADERSHIP COACHING AGENCY Statement of Owner's Equity Month Ended June 30, 20X1 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze Prepare the balance sheet. Assets LEADERSHIP COACHING AGENCY Balance Sheet June 30, 20X1 Liabilities Owner's Equity Total Assets Total Liabilities and Owner's Equity Stmt of Owners Eqty Analyze > 12 Performed services for $10,200 in cash. 15 Issued Check 207 for $6,450 to pay an employee's salary. 18 Received payments of $4,000 from credit clients on account. 20 Issued Check 208 for $6,060 to Special Moves, Inc., as payment on account. 25 Issued Check 209 in the amount of $340 for the monthly telephone bill. 27 Issued Check 210 in the amount of $1,180 for the monthly electric bill. 28 Issued Check 211 to Jenna Davis for $5,150 for personal living expenses. 30 Issued Check 212 for $6,820 to pay the salary of an employee. Required: 1. Prepare the journal entries for the above transactions. 2. Post the above transactions to the ledger accounts. 3. Prepare a trial balance. 4. Prepare the income statement. 5. Prepare a statement of owner's equity. 6. Prepare the balance sheet. Analyze: How many postings were made to the Cash account? Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Analyze How many postings were made to the Cash account? Number of postings < Balance Sheet nalyze