structions: o R 1) Please journalize the 8 transactions below using Journal Page 1 and also using T-accounts 2) Please prepare the Unadjusted trial balance as of 1/31 1/1/20 Jose Perez transferred $40,000 cash from his personal bank account to a business checking account to be used by his new business St Puede Inc. in ex 1/1/20 Si Puedo Inc. pald annual premiums on property and casualty Insurance $ 2,400 cash from 1/1 to 12/31/2020 1/1/20 Si Puedo Inc. purchased supplies for the next three months $ 1.500 on account 1/15/20 Si Puedo Inc. earned $ 8,000 for work completed in January but payment will be recelved in February 1/20/20 Si Puedo Inc. earned $10,000 for work completed in January and received $10,000 in cash 1/25/20 Si Puedo Inc, incurred $ 4,000 operating expenses for the month of January but payment will be made in February 1/30/20 Si Puedo Inc, received in advance $ 6,000 in cash from a new client. New contract in which Si Puedo Inc will do six sessions 1/31/20 Si Puedo Inc. paid the owner $5,000 in dividends Home insert Page Layout Formulas Review View Help Cabi 11 - 24 WE BI- A== 12 Wister EEEEEES Metge & certet Alignment $ % 93 Insert De Format Conditional Formats Cell Frating The Styles Styrs Sort Find Fit Select- Editing Font Number CH 1X61 X G N 0 Ft TU 1 Instructions: C EH G 1) Please journallee the 8 transactions below using lournal Page 1 and also using T-accounts 2) Please prepare the Unadjusted trial balance as of 1/31 1 4 5 7 1/1/20 lose Perer transferred $40,000 cash from his personal bank account to a business checking account to be used by his new business Si Puedo Inc. in ex 1/1/20 Si Puedo Inc, peld annual premiums on property and casualty Insurance S 2.400 cash from 1/1 to 12/31/2020 1/1/20 Si Puedo Inc, purchased supplies for the next three months $ 1,500 on account 1/15/20 Si Puedo Inc. earned $8,000 for work completed in January but payment will be received in February 1/20/20 Si Puedo Inc, earned S 10,000 for work completed in January and received $10,000 in cash 1/25/20 Si Piedo Inc. incurred $ 4,000 operating expenses for the month of January but payment will be made in February 1/31/20 Si Puedo Inc. received in advance S6,000 in cash from a new client. New contract in which Si Puedo inc will do six sessions 1/31/20 Si Puedo Inc. paid the owner 55,000 in dividends JOURNAL T - ACCOUNTS PAGE 1 De Credit CASH ACT CLIVABLE 10 11 22 13 14 17 19 20 SUPPLIES CASH ACT RECEIVABLE PREPAID INSURA SUPPLIES HEADILANCE Patch Recordine inte Insert Page Layout Formulas Data Review View Help Date TITI Calibri 11 A A === BIUD-A E a Wrap Text + Merge & Center .00 000 > $ % ) Cond Forma Font Alignment 1 Number fx B C D G K EF JOURNAL PAGE 1 Debit Credit PREPAID TTTTTT TTTIII COMMO Part 1 Ch 2 Recording Entries Act Behavior Share Com WE AY O Insert Delete Format Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Analyze Data Analysis umber Cells Editing TU w Y Z AA AB Si Puedo Inc. Unadjusted Trial Balance 1/31/2020 Debit Credit + CASH ACT RECEIVABLE PREPAID INSURANCE SUPPLIES ACT PAYABLE UNEARNED REVENUE CS RE FEES EARNED EXPENSE DIVIDENDS IT File Home Page Layout Formulas Calibri 11 JA EE 29 Wrap Text BIU--4AMerge Center Date Insert Dele for $ - % *8.43 Conditional Formations Cell Formatting Table Styles Styles Clipboard Font E Alignment Number Cells 051 X B O G K L N 48 PART 2: 49 Instructions: SO 1. Journalize the 4 adjusting entries (BELOW) using the Journal Page 2 and also using T-accounts 2. Prepare and ADJUSTED Trial Balance for 1/31/2020 51 52 1 55 1/31/20 Si puedo Inc. has 1,000 of supplies on hand as of 1/31 1/31/20 Si puedo Inc. used $200 for one month of insurance no longer prepaid 1/31/20 Si puedo inc. finished and earned 1,000 from the S6,000 contract that they signed Janurary 30th 1/31/20 Si puedo Inc. realized that they had not sent an invoice to a customer on account for $1,000 fees earned during January JOURNAL 56 57 30 59 PAGE 2 Credit Debit 31-Jan 02 63 31-Jan 65 07 31-lan Part 1 Ch 2 Recording Entries Act behavior Review View Formulas Data Insert Page Layout Home Date = X Calibri $ %. a - 11 - A A Wrap Text A. Merge Center Conditional Format Formatting Table Styles BIU- Number Alignment Font ad X K N EF G D B 1/31/20 Si puedo Inc. realized that they had not sent an invoice to a customer on account for $1,000 fees ea JOURNAL PAGE 2 Credit Debit 31-Jan 31-13 1111 31-lan dan 71 > 11 Printing 3 he Calibri 11 - ' ' =3 2 Wrap Text Paste IS BIU 2A- Menge & Center - Date $- % 8-3 Conditional Format Cell Formatting Table Styles Number Styles Inset Delde for Clipboard Font Alignment ces D61 X V w 4U 47 2 AA AB AC AD AE AF AG AH 46 49 50 51 52 53 Si Puedo Inc. ADjusted Trial Balance 1/31/2020 Debit Credit 54 CASH 55 ACT RECEIVABLE PREPAID INSURANCE SUPPLIES 57 58 59 50 09 -02 63 64 65 ACT PAYABLE UNEARNED REVENUE ICS EXPENSE DIVIDENDS Part 1 Ch 2 Recording Entries Ad Behavior It Type here to search o ED 24F LE Paste B IU AA # E Merge & Center $ - % 923 Conditional Forma Formatting Table Styles Clipboard Font Alignment Number V14 f Si Puedo Inc. B C D E F G N A 3 PART 3: 9 Instructions: 1. Journalize the 4 CLOSING entries (BELOW) using the Journal Page 3 and also using T-accounts 2. Prepare an POST CLOSING TRIAL BALANCE for 1/31/2020 1 2 JOURNAL 3 PAGE 3 Credit Debit 31-Jan 31-Jan -4 5 6 7 8 9 0 1 2 3 4 5 +6 7 8 31-Jan IIIII TITUL 31-Jan Part 1 Ch 2 Recording Entries Act Behavior Ready trarch Help ID Arial 10 AA General te B IU Wrap Text * Merge & Center $ %) 88-92 board Font Conditional Formatas Cell Formatting Table Styles - Styles Alignment Number Si Puedo Inc. R TU V w Y AA AB AC AD AE Si Puedo Inc. POST CLOSING TRIAL BALANCE 1/31/2020 Debit Credit Part 1 Ch 2 Recording Entries Act Behavior bereh n C . Alignment Numi D61 for A B C D EF G 97 98 99 100 PART 4: Prepare the financial statements for Si Puedo Inc for January 31, 2020 101 102 103 104 105 106 107 1108 109 110 112 13 114 115 116 Number Styl Font 15 Alignment Clipboard D61 X fi AC AD AE AA AB Y w Z U 97 98 99 100 101 102 103 104 105 Company Profit and Loss Statement For ended 1/31/2020 Company Retained Earnings For ended Assets Fees Earned Expenses Beginning Balance of RE plus Net Income for the per minus Dividends EQUALS Retained Earnings at end of 106 107 108 109 110 111 112 113 Net Income 115 116 117 11R Total Assets Part 1 Ch 2 Recording Entries Act Behavior Enter Type here to search O i 3 Company Balance Sheet Statement As of 1/31/2020 Assets Liabilities TOTAL LIABILITIES Stockholder's Equity Total Stockholder's Equity Total Liabilities and Equity Total Assets 2:59 PM H M N 0 5 1 1 2 3 4 5. Bet 6 7 NAME OF THE ACCOUNT SIMPLYANMOL PUCED MPYARUM LET DE FAT ACCOUNT OF ATACCOUNT for every on you will get the AP 12. The WASTERY BALANCED 13 Some count increase with the neth CREDITS and hands 200 + wind CAS n 21 100 900 30 10 LAL 900 tranamalai Lab - Part 1 Ch 2 Recording to Act Behavior M BV 200 0 G H T1 1 The accounting has to ALWAYS STAY BALANCED 10 16 Some account increase with DEBITS Imbers on the left and decrease with CREOT turbars on the right 15 Nets, expenses and dividends 15 T penses and vidend CASH 18 mitus plus 30 100 20 21 100 8 23 BAL 00 26 Somente decrease with her on the leader with CEO quityvus Act Page $ 30 M 300 300 400 SAL 500 R$ 3: Part 1 Ch 2 Recording Entries Act Behavior RE - 10 - a
