Opening balances- The opening balances for select accounts are provided in the appropriate ledger accounts.

2. Record the following transactions in the journal and post to the ledger:

12/02/13- Purchased 10 Units of Software on Account for $1,300

12/02/13- Paid employees Salaries owed

12/02/13- Provided Accounting Service on Account, $3,200

12/05/13- Purchased Computer Equipment on Account, $4,800

Note: The equipment has an estimated useful life of 4 years, residual value of $50 and uses the DDB method.

12/08/13- Purchased Supplies for $800 cash

12/10/13- Received $3,000 payment on account

12/11/13- Sold 15 units of Inventory on Account, $4,500

12/11/13- Made payment on Account, $1,000

12/12/13- Purchased 20 units of Inventory on Account, $2,400

12/14/13- Received a bill for Advertising and paid it, $250

12/15/13- Provided Accounting service for Cash, $8,000

12/16/13- Paid employees salary for Dec. 1-15

12/17/13- Provided Accounting Service on Account, $6,000

12/19/13- Sold 10 units of Inventory on Account, $3,000

12/22/13- Received $2,500 payment on Account

12/23/13- Made payment on Account, $2,500

12/24/13- Received and paid monthly Utility bills, $850

12/27/13- Received $2,000 cash in advance for accounting services

12/29/13- Provided Accounting Service for Cash, $5,000

12/30/13- Issued 1,000 shares of Common Stock at $15 per share

12/31/13- Declared dividends of $1.50 to outstanding shareholders as of 12/31/13.

NOTE: Be sure to debit retained earnings and credit dividends payable.

3. Prepare a trial balance to verify that total debits equal total credits.

4. Record the following adjustments in the journal and in the trial balance. DO NOT post the adjusting entries to the ledger. Instead, post them directly as adjustments to the trial balance.

12/31/13- Employees salary for Dec. 16-31

12/31/13- Depreciation on Building, use SL method (calculate for entire year)

12/31/13- Depreciation on Furnishings, use DDB method (calculate for entire year)

12/31/13- Depreciation on Computer Equipment, use DDB method (calculate for one month)

12/31/13- Supplies on hand equal $1,625

12/31/13- Inventory count shows 33 units, some damaged units were disposed of during the month

12/31/13- $500 of advance payment was earned in December

12/31/13- Uncollectible Account expense for December

5. Prepare an Adjusted trial balance to verify debits equal credits at the end of the month

6. Prepare the 3 main financial statements for the year ending December 31, 2013.

I'm having trouble with the ledger and the trial balance

. |?. A . | ??!??|?Merge & Center . | $ . % , 1:s l Conditional Form at |?? | Insert Dele as Cell Formatting Table Styles Styles Alignment sabled. Enable Content 5 Excel 2013: Fltering Data 7 Date Accounts and Explanation Post Re Debit Credit December 2, 2013 1,300.00 rect Accounts Payable 200 300.00 Correct 10 11 December 2, 2013 Salary Payable 215 100 2,50000 Correct 12 13 14 December 2, 2013 Accounts Receivable 15 16 2,500.00 Correct 110 3,200.00 Correct Service Revenue 3,20000 Correct 17 December 5,2013 Office Equipment 160 200 Correct Accounts Payable 18 19 4,800.00 Correct 20 December 8, 2013 Supplies 120 100 800.00 Correct 800.00 Correct Correct 3,000.00 Correct 23 December 10, 2013 Casth 3,000.00 100 110 Accounts Receivable 1104 26 December 11,2013 Accounts Receivable 4.500.00 Correct 4,500.00 Correct 410 Sales Revenue ! Chart of Accounts Journal Ledger TrialBalance Income Stmt stmt of RE Salance Sheet 4