on su diring December The best the following account Click to on to view the count) Adjustment : Click the loan to view the date Read the grometa oumal entry tabia) More Info More Into Omo Supplies used during the month $800 1. Depreciation for the month, $100. e. One month nurse has expired Det Wington contributed 563.000 cash to me business in exchange for capital & Accrved in wit Expen, S50. De 1 Purchased $100 of equipment paying cash Del 1 Paid $2,750 for a few monthurance policy ating en December Print Done Dec. Paid 128.000 cho purchase and to be operations Dec. 10 Purcared office supplies on account .300 Dec 13 borrowed 127.000 from the bank for Business to Washington de payable to the berkite name of the corporation The Role of you Dec. 22 Paid So for seg se Dec 26 Pol 500 on scout More Info Dec. 26 The waived a bit for it to be paid in $200 Des 21 Hveres med uring the north dded $20,000 cash id $2.700 on account Can Account Meclisi Omo Suporte Produce Land Equipment D41 Pages $6,000 and budget 5500. Record compound Accumul Med Depreciation Equipment Accounts Paya Paya Dec 31 Thessed $1.000 foruto ning service to be perform interest Payable neared Reves Nos Paya Washington Capital Washington Wadwal income Summary Service Rover Saaris Expense Dec. 31 Washington Wildwash of $4.500. Rent Expense Expense Advertising Epe Supplies Expense Ino Expense interest Expense and Depreciation Expensent Print Done Print Bond The Queen 30 On December 1, Fred Wohington began en muto repair shop, Washington'a Qunity Automotive. The following radion occurred durt (Click the icon to view the transactions.) Requirement & Prepare the closing entries and por lo tho T-account Begin by preparing the closing antrie. (Record debil frut, then credits. Select the explanation on the lastne of the joumal entry table) Start by doing revenues Date Accounts and explanation Debit Credit Dec 31 Cos (0) Dec. Dec Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. Dec Dec 31 Cost21 Dec. Dec. Dec Dec. Dec. Dec Dec Dec, Dec Close Income Summary Date Accounts and Explanation Debit Credi Dec 31 Cio Close withdrawal Date Accounts and Explanation Debit Credit Choose from any of it any number the input fields and then continue to the next question December 1, Fred Washington began an nuto repair shop, Washington's Quality Medomotive. The following randon scam during December Click the loon to view the transaction) Close Income Summary Date Accounts and Explanation Debe Cred Dec 31 Clos (3) Close withdrawal Date Accounts and Explanation Debit Credit Dec 31 Clos (4) Post the closing entries to the T-scounts. First, enter "Baland the adjusted balance of each account from requirement 4. Then, use "Clos" and the corres those that were not closed). For any accounts with a zero balance after closing entera or on the normal side of the account. For Income Summary calcula Then show the post-closing balance ("Bal") on the last third) line of the account Cash Accounts Payable Service Reven Uulitis Payable Salaries Expense Accounts Receivable Interest Payable Rent Expense Office Supplies Uneared Revenue Utes Expense Choose from any list of enter any number in the input felds and then continue to the next question Accounts Receivable Interest Payable Rent Expense Office Supplies Unearned Revenue Utilities Expense Prepaid Insurance Notes Payable Advertising Expense Land Washington, Capital Supplies Expense Equipment Washington Withdrawals Insurance Expense Accumulated Depr.-Equipment Income Summary Interest Expense Depreciation Expense Equipment Requirement 7. Prepare a post-closing trial balance Choose from any list or enter any number in the input fields and then continue to the next question Requirement 7. Prepare a post-closing trial balance. Washington's Quality Automotive Post-Closing Trial Balance December 31, 2024 Balance Account Tille Debit Credit Total Choose from any list or enter any number in the input fields and then continue to the next Click the kon to view the accounta) Adjustment date: (Click the icon to view the dining data) Rand the regulament More Indo More Into Cash; Accounts Receivable; Oce Supplies Prepeld Insurance Land Equipment; Accumulated Depreciation Equipment Accounts Payable: Payable Interest Payable: Uneamed Revenue Notes Payable Winnington, Capital: Washington, Waldrawal: Income Summary. Service Reverse Series Expense Rent Expenses Expense; Advertising Experte Suppies Expenses Dec 1 Washington contributed 563.000 cash to the business in exchange for capital Insurance Expense Internet Experts and Depreciation Expense Equipment Dec. 1 Purchased $10.000 af equipment paying cash Dec. 1 Paid 52.750 for a five-month insurance policy starting on December 1 Print Done Dec. Paid $20,000 cash to purchase and to be used in operations Dec. 10 Purchased office supplies on account. $2,300 Dec. 10 Borrowed $27.000 from the bank for business use. Washington signed a note payable to the bank in the name of the corporation. The note is due in five years Dec 22 Pald saco for advertising expenses 0 More Info Dec. 26 Paid $500 on account Dec. 28 The business received a bil forsities to be paid in January $230, Dec. 31 Revenues ned during the month included $20,000 cash and $2.700 on account. & Office Supplies used during the month, $800. Dec. 31 Paid employees salaries 54,000 and building rent 5500. Record as a compound entry b. Depreciation for the month $180 Det 31 One month nurance has expired. The business received 51.050 for auto screening services to be performed next month d. Accrued interest Expense, $50 Dec. 31 Washington withdrew cash of 4.500 Print Done Print Done be the following accounts: (Click the icon to view the accounts: Adjustment data: (Click the icon to view the adjusting data. Read the reguirements , 0 More Info Cas Aca Inter Was Dec. 1 Ren Insu Dec. 1 Dec. 1 Dec. 9 Dec. 10 Dec. 19 Washington contributed $63,000 cash to the business in exchange for capital. Purchased $10,800 of equipment paying cash. Pald $2,750 for a five-month insurance policy starting on December 1 Paid $28,000 cash to purchase land to be used in operations Purchased office supplies on account, $2,300. Borrowed $27.000 from the bank for business use. Washington signed a note payable to the bank in the name of the corporation. The note is due in five years. Paid $800 for advertising expenses Paid $500 on account The business received a bill for utilities to be paid in January, $230 Revenues earned during the month included $20.000 cash and $2,700 on account Paid employees' salaries $4.000 and building rent $500. Record as a compound entry The business received $1,050 for auto screening services to be performed Bent month Washington withdrew cash of $4,500 Dec. 22 Dec. 26 Dec, 28 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Print Done * More Info Cash; Accounts Receivable: O Mice Supplies: Prepald Insurance Land: Equipment: Accumulated Depreciation Equipment, Accounts Payable; Uulities Payable, Interest Payable: Uneamed Revenue; Notes Payable: Washington, Capital; Washington Withdrawale; Income Summary. Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; Advertising Expense, Supplies Expense Insurance Expense; Interest Expense; and Depreciation Expense Equipment. Print Done yable to the More Info unt. 8. Office Supplies used during the month. $800. b. Depreciation for the month, $180. c. One month insurance has expired. d. Accrued Interest Expense, $50. d entry 1 month Done Print On December 1, Fred Washington began an auto repair shop, Washington's Quality Automotive. The following transaction (Click the icon to view the transactions.) Requirement 4. Prepare an adjusted trial balance. Washington's Quality Automotive Adjusted Trial Balance December 31, 2024 Balance Debit Credit Account Title Rais what and the date te sheetpat form Newt Chomutandmed on to the Prepare the Income statement, the statement of owner's eqully, and the classified balance Bogin by preparing the income statement. (If a box la not used in the statement, leave the bax empty, do now Washington's Quality Automotive Income Statement Month Ended December 31, 2024 Net Income (Loss) Prepare the statement of owner's equity. Enter any increases in capital prior to the subtotal and any decrease Washington's Quality Automotive Statement of Owner's Equity Month Ended December 31, 2024 Washington, Capital, December 1.2024 Washington, Capetal, December 31, 2024 Prepare the classified balance sheet in report form as of December 31, 2024. Begin by preparing the asset sec Washington's Quality Automotive finm fly list of enter any number in the input fields and then continue to the next question Washington's Quality Automotive Statement of Owner's Equity Month Ended December 31, 2024 Washington, Capital, December 1, 2024 Washington, Capital, December 31, 2024 Prepare the classified balance sheet in report form as of December 31, 2024. Begin by preparing the asset section of Washington's Quality Automotive Balance Sheet December 31, 2024 Assets Liais Choose from oneran number the inputs and then continue to the next question View the transactions) ngon's Quality Automotive. The following transaction Labaites Owner's Equity of the oral Requirement 6. Prepare the closing entries and post to the T-accounts. Begin by preparing the closing entries (Record debit first, then credit. Select the explanation on the Start by closing revenues. Debit Accounts and Explanation Date Dec. 31 Clos. (1) Det Close expenses for the period Accounts and Explanation Date Dec. 35 Clos (2) Choose from any fitorenterany number in the input felds and then continue to the next question en Buto repair shop, Washington's move. The following mod ck the icon to view the transactions) Clone apenas for the period. Date Accounts and Explanation Dec. 31 De Clos (2) Close Income Summary Doba Cra Date Accounts and Explanation Dec. 31 Clos. (3) Dell Close withdrawals Accounts and Explanation Date Dec. 31 Clos. (4) Post the closing entries to the account Fost enter"Bal" and the balance of each other. There those that were not closed. For any accounts with a zero baie bang entera Veide of the socourt. For in then show the post-closing balance Balon me lastele of the account Cash Accounts Payable Service Revue Choose from any liat or enter any number in the input fields and then continue to the next question December 1, Fred Winglon began to per shop. Washington'ulty Autom. The following around anger Click the icon to view the transactions) Data Accounts and Explanation Dec. 31 Clos (3) On Close withdrawal Date Accounts and Explanation Debat Cra Dec. 31 Clos (4) Post the closing entries to the T-accounts. First, enter "Bal" and the adjusted balance of each account from requirement. Then and the those that were not closed). For any accounts with a zero balance after closing, entera' on the normal side of the count. For Income Summary then show the post-closing balance ("Bal" on the last (id) line of the socount Cash Accounts Payable Service Revue Utilities Payable Rante Interest Payable Accounts Receivable Unsaned Revenue Office Supplies Choose from any list or enter any number in the input fields and then continue to the next question Test: Lesson 4 Problems e Duomone December 1, Fred Wegen began an auto repair shop. Washington's Quality Asomove. The following tersection secured during Decor Click the icon to view the transactions.) Rent Expense Internet Payable Accounts Receivable Us Expense Uneared Ravenue Office Supplies Advertising Expense Notes Payable Prepaid Insurance Supplies Expanse Washington, Capital Land Insurance Expense Washington, Withdrawals Equipment Interest Expense Income Summary Accumulated Dept.-Equipment Depreciation Expense-Equipment Requirement 7. Prepare a post-closing trial balance Washington's Quay Automotive Poul Closing Tha Balance Choose from any list or enter any number the input felds and then continue to the next question Requirement 7. Prepare a post-closing trial balance. Washington's Quality Automotive Post-Closing Trial Balance December 31, 2024 Balance Account Title Debit Credit Tour Choose from any list or enter any number in the input fields and then continue to the next