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One question with multiple parts to it! The trial balance of Shaun Mickey, CPA, is dated January 31, 2015 (Click the icon to view the
One question with multiple parts to it!
The trial balance of Shaun Mickey, CPA, is dated January 31, 2015 (Click the icon to view the January 31 trial balance.) During February, the business completed the following transactions: Feb. 4Collected S4,000 cash from a client on account (Click the icon to view the transactions.) 8 Performed tax services for a client on account, $5,400 13 Paid $3,000 on account. 14 Purchased furniture on account, $3,800 15 Mickey contributed his personal automobile to the business. The automobile had Read the requirements a market value of S7,500 18 Purchased office supplies on account, $1,100 19 Received $2,700 for tax services performed on February 8 20 Mickey withdrew cash of $2,500 21 Received $1,800 cash for consulting work completed. 24 Received $2,200 cash for accounting services to be completed next month 27 Paid office rent, 51,400 28 Paid employee salary, $1,500 Data Table Shaun Mickey, CPA Trial Balance January 31, 2015 Balance Print Done Account Title Debit Credit $10,000 Accounts Receivable 9,500 Office Supplies 1. Record the February transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies, Furniture; Automobile; Land; Accounts Payable; Unearned Revenue; Mickey, Capital; Mickey, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an 25,000 $ 5,700 Accounts Payable Unearned Revenue Mickey, Capital Mickey, Withdrawals Service Revenue Salaries Expense Rent Expense 39,500 2. The four-column ledger accounts listed in the trial balance, together with their balances as of January 31, have been opened for you and utilize the following account numbers: Cash, 11 Accounts Receivable, 12: Office Supplies, 13; Furniture, 14; Automobile, 15; Land, 16; Accounts Payable, 21; Unearned Revenue, 22; Mickey, Capital, 31; Mickey, Withdrawals, 32; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52. Post the transactions to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded $45,200 45,200 3. Prepare the trial balance of Shaun Mickey, CPA, at February 28, 2015 Print Done Print DoneStep by Step Solution
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