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please answer for the month of July 2022. thank you. i also post the answers here for the of June2022 if you need it. (efuly,

please answer for the month of July 2022. thank you. i also post the answers here for the of June2022 if you need it. image text in transcribed
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(efuly, Sultivan Realty completed these transactions: 2 Paid for June ofrice supplies purchased on account, $150. Cheque No, 611 . 2 Parchased additonal oftice supplies on account, $700. 2 Paid advertising bill for June. Cheque Na 612. 4 Sold a house and collected a coenmission, 56,600 . 5 Paid for gas for car, 529 . Cheque Na 613. 9 Collected commission from sale of building lot on June 18 . 12. Paid $300 to send employees to realtor's worksbop. Cheque No, 614. 15 Paid the salary of the part-time office secretary, $350. Cheque Na 615. 16 Sold a house and earned a commissicn of $2,400. Commission to be received August 11. 19 Sold a bailding hot and collected a commission of $7,000. 23 Sent a cheque for 540 to help sponsor a bocal road race to aid the poof. (This is not to be considered an advertising expense, bat it is a basiness expense.) Cheque No. 616 . 26 Paid for repairs to automobile, $590. Cheque No 617. 29 John Sullivan withdrew $1,800 from the business to pay personal expenses Checue No. 618 . 31 Paid the salary of the part-time office secretary, 5350 . Cheque Na619. 31 Paid the July telephone bil, 5236. Cheque No620. 31 Advertising bell for Joly was received, $1,400. The bill is to be paid in August. THE ACCOUNTING CYCLE COMPLETED 23. 24. 25. 26a. 26b. SULUIAN REALTY COMMISSION REPORT Date July 19,2022 Namet Mr. and Mrs. Benjamin Game 27. 28a. 28b. 29. 30. 31a. 112110 Steel Place Phones Ontario Hamilton, Ontario 19G4B4 Plione (905) 529-7190 Fax (905) 5290063 Your Statement 31b. Required Work for July 1. Journalize tmansactions in a genenal journal (pages 4 and 5), and post to ledger Cink Fizen accounts 2. Prepare a trial balance in the first rwo columns of the worksheet, and complete the worksheet using the following adjustment data: a. One month's rent had expired. b. An inventory shows $90 worth of office supplies remaining c. Depreciation on office equipment, $100. d. Depreciation on automobile, $200. 3. Prepare a July income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (page 6 of journal). Sullivan Realty Reviewing the Accounting Cycle Twice This comptehensive review problem requires you to complete the accounting cycle for Sullivan Realty twice. This will allow you to revicw Chapers 1 to 5 while reinforcing the rehtionships among all parts of the accotinting cycle. By completing two cycles, you will see how the ending June balances in the ledger are used to accumulate data in July. (The blank forms you need are on MyLab Accounting) On June 1, John Sulivan opened a real estate office in Hamilton called Sullivan Realty. The following transactions were completed for the month of June. Note that facsimile documents have been provided to illustrate these events: John Sullivan invested $20,000 cash in the real estate agency, along with $4,000 worth of office equipment. Rented oflice spoce and paid three months" rent in advance, $3,000, cheque No. 601 . 2. \#15a \& b, Pp. 246 \& 247 28 Paid the June telephone bill, 5510. Cheque No, 610. H16, p. 24728 Received advertising bill for June, $1,200. The bill is to be paid by July 5 . THE ACCOUNTING CYCUE COMPLETED 241 4b. 5. 6a. 242 CMapters 7. 8. 9. 10. 11a. 176. SULLNAN MEALTY COMMISSION REFORT Dare Jene 21,2022 Sionv: Mi Laura Harrions 12. 13a. AUTO CITY WEST 2674 King Street West Hamilton, Ontario 19H1A1 INVOICE Phone (905) 527-9755, Fax (905) 527.9756 INVOICE NO. WES3750 DATE: June 25/22 TERMS: Cash To: Ship To: Sullivan Fealty 485 King sveet West Pickup Hemilton, Ontario Li94 6W3 14. 15 . Phones Ontario H2110 Steel Place Hamilton, Ontario L.9G 4B4 Phone (905) 529-7190 Fax (905) 529-0063 Your Statement Pryments/Adjustenent Deposits Details Opencd account June 3, 2022. Thank you. Moathly rental and changes to service Anusathor, the Pr) ment due alter July 10, 20225522.75 Required Work for June 1. Joumalize transactions and post to ledger accounts. 2. Prepare a trial balance in the first tuo columns of the worksheet and complete the worksheet using the following adjustment data: a. One monthk rent had expired. Chivk Fign b. An inventory shows $50 worth of office supplies remaining. Income for June 30$11,24360 c. Depreciation on office equipment, $100. d. Depreciation on automobile, $200. 3. Prepare a June income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (page 3 of journal), 5. Prepare a post-closing trial balance. Journal Journal (2) Journal (3) Journal (4) Journal (5) Journal (6) Ledger Ready Sis iccossibility. Unavailable 5C Clear Osearch File Home Insert Page Layout Formulas Data Review View Help Acrobat ... Journal (5) Joumal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ledger (6) Worksheet(lune) Ltaten 15C Clear INCOME STATEMENT > Journal (5) Journal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ready \{ichassibility Unavalable 5C Clear Journal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ledger (6) Worksheet(lune) Stat sic Cear SULLIVAN REALTY POST-CLOSING TRIAL BALANCE JUNE 30, 2022 Ready Accessibility Unavailable (efuly, Sultivan Realty completed these transactions: 2 Paid for June ofrice supplies purchased on account, $150. Cheque No, 611 . 2 Parchased additonal oftice supplies on account, $700. 2 Paid advertising bill for June. Cheque Na 612. 4 Sold a house and collected a coenmission, 56,600 . 5 Paid for gas for car, 529 . Cheque Na 613. 9 Collected commission from sale of building lot on June 18 . 12. Paid $300 to send employees to realtor's worksbop. Cheque No, 614. 15 Paid the salary of the part-time office secretary, $350. Cheque Na 615. 16 Sold a house and earned a commissicn of $2,400. Commission to be received August 11. 19 Sold a bailding hot and collected a commission of $7,000. 23 Sent a cheque for 540 to help sponsor a bocal road race to aid the poof. (This is not to be considered an advertising expense, bat it is a basiness expense.) Cheque No. 616 . 26 Paid for repairs to automobile, $590. Cheque No 617. 29 John Sullivan withdrew $1,800 from the business to pay personal expenses Checue No. 618 . 31 Paid the salary of the part-time office secretary, 5350 . Cheque Na619. 31 Paid the July telephone bil, 5236. Cheque No620. 31 Advertising bell for Joly was received, $1,400. The bill is to be paid in August. THE ACCOUNTING CYCLE COMPLETED 23. 24. 25. 26a. 26b. SULUIAN REALTY COMMISSION REPORT Date July 19,2022 Namet Mr. and Mrs. Benjamin Game 27. 28a. 28b. 29. 30. 31a. 112110 Steel Place Phones Ontario Hamilton, Ontario 19G4B4 Plione (905) 529-7190 Fax (905) 5290063 Your Statement 31b. Required Work for July 1. Journalize tmansactions in a genenal journal (pages 4 and 5), and post to ledger Cink Fizen accounts 2. Prepare a trial balance in the first rwo columns of the worksheet, and complete the worksheet using the following adjustment data: a. One month's rent had expired. b. An inventory shows $90 worth of office supplies remaining c. Depreciation on office equipment, $100. d. Depreciation on automobile, $200. 3. Prepare a July income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (page 6 of journal). Sullivan Realty Reviewing the Accounting Cycle Twice This comptehensive review problem requires you to complete the accounting cycle for Sullivan Realty twice. This will allow you to revicw Chapers 1 to 5 while reinforcing the rehtionships among all parts of the accotinting cycle. By completing two cycles, you will see how the ending June balances in the ledger are used to accumulate data in July. (The blank forms you need are on MyLab Accounting) On June 1, John Sulivan opened a real estate office in Hamilton called Sullivan Realty. The following transactions were completed for the month of June. Note that facsimile documents have been provided to illustrate these events: John Sullivan invested $20,000 cash in the real estate agency, along with $4,000 worth of office equipment. Rented oflice spoce and paid three months" rent in advance, $3,000, cheque No. 601 . 2. \#15a \& b, Pp. 246 \& 247 28 Paid the June telephone bill, 5510. Cheque No, 610. H16, p. 24728 Received advertising bill for June, $1,200. The bill is to be paid by July 5 . THE ACCOUNTING CYCUE COMPLETED 241 4b. 5. 6a. 242 CMapters 7. 8. 9. 10. 11a. 176. SULLNAN MEALTY COMMISSION REFORT Dare Jene 21,2022 Sionv: Mi Laura Harrions 12. 13a. AUTO CITY WEST 2674 King Street West Hamilton, Ontario 19H1A1 INVOICE Phone (905) 527-9755, Fax (905) 527.9756 INVOICE NO. WES3750 DATE: June 25/22 TERMS: Cash To: Ship To: Sullivan Fealty 485 King sveet West Pickup Hemilton, Ontario Li94 6W3 14. 15 . Phones Ontario H2110 Steel Place Hamilton, Ontario L.9G 4B4 Phone (905) 529-7190 Fax (905) 529-0063 Your Statement Pryments/Adjustenent Deposits Details Opencd account June 3, 2022. Thank you. Moathly rental and changes to service Anusathor, the Pr) ment due alter July 10, 20225522.75 Required Work for June 1. Joumalize transactions and post to ledger accounts. 2. Prepare a trial balance in the first tuo columns of the worksheet and complete the worksheet using the following adjustment data: a. One monthk rent had expired. Chivk Fign b. An inventory shows $50 worth of office supplies remaining. Income for June 30$11,24360 c. Depreciation on office equipment, $100. d. Depreciation on automobile, $200. 3. Prepare a June income statement, statement of owner's equity, and balance sheet. 4. From the worksheet, journalize and post adjusting and closing entries (page 3 of journal), 5. Prepare a post-closing trial balance. Journal Journal (2) Journal (3) Journal (4) Journal (5) Journal (6) Ledger Ready Sis iccossibility. Unavailable 5C Clear Osearch File Home Insert Page Layout Formulas Data Review View Help Acrobat ... Journal (5) Joumal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ledger (6) Worksheet(lune) Ltaten 15C Clear INCOME STATEMENT > Journal (5) Journal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ready \{ichassibility Unavalable 5C Clear Journal (6) Ledger Ledger (2) Ledger (3) Ledger (4) Ledger (5) Ledger (6) Worksheet(lune) Stat sic Cear SULLIVAN REALTY POST-CLOSING TRIAL BALANCE JUNE 30, 2022 Ready Accessibility Unavailable

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