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Posted on Sep 10, 2024

Please, can anyone help with steps 8-13...I appreciate it so much. TY Step 71 Journalizing Transactions 1/18 1000 Particulars Debit Credit 1000 Date January 1/1

Please, can anyone help with steps 8-13...I appreciate it so much. TY

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Step 71 Journalizing Transactions 1/18 1000 Particulars Debit Credit 1000 Date January 1/1 50000 1/22 300 50000 To record unearned from Jill Cash Unearned revenue To record unearned revenue collected Cash Service revenue To record service revenue collected Supplies Nike To record purchase of supplies on account 300 1/2 400 1/27 200 400 200 1/3 500 February 2/1 500 300 300 1/4 5000 5000 2/2 500 500 1/6 2000 2000 2/4 100 100 1/7 4000 4000 2/5 1000 Cash Owner Capital To record owner capital contribution Rent Cash To record rent expense Prepaid Insurance Cash To record prepaid insurance Supplies Accounts Payables To record purchase of supplies on account Furniture Accounts payables To record purchase of furniture Equipment Accounts payables To record purchase of equipment Utilities all Cash aan To record utilities expense Supplies Nike To record purchase of supplies on account Cash Service/Facility revenue To record revenue collected Merchandise Inventory Nike To record purchase of inventory on account Equipment Cash To record equipment, purchase in cash Cash 1000 1/8 200 200 2/6 2000 Utilities Cash To record utilities expense Equipment Bank To record purchase of equipment by check Cash Service revenue To record service revenue collected Owner withdrawal Bank To record owner withdrawal Cash Unearned revenue To record unearned revenue collected Cash ccounts receivables To record cash collected from customers Merchandise inventory Accounts payables To record purchase of inventory on account Cash Service revenue To record service revenue collected Advertising Expenses Cash To record advertising expense 2000 1/10 600 600 2/8 300 300 1/11 100 100 2/8 200 200 1/12 400 400 2/9 200 200 1/13 200 200 2/10 400 400 1/15 200 200 Unearned revenue To record unearned revenue Cash Unearned revenue - Jill 2/11 2/13 200 1/16 100 Utilities Cash To record utilities expense 200 100 2/16 300 1000 Sales revenue To record sales paid by check 300 2/20 200 200 Supplies Accounts payables To record purchase of supplies on account Cash Service revenue To record service revenue collected Cash Owner capital To record added owner capital Cash Unearned revenue To record unearned revenue 2/22 2000 2000 2/25 1000 1000 March 3/1 1200 1200 3/2 200 200 3/3 5000 5000 3/5 500 500 3/7 1000 Merchandise inventory Accounts payables To record inventory bought on account Prepaid expenses - shipping Cash To record prepaid shipping expenses Merchandise inventory Accounts payables To record inventory purchased on account Cash Sales revenue To record sale of merchandise in cash Merchandise inventory Accounts payables To record purchase inventory on account Cash Sales revenue To record sales revenue Cash Sales revenue To record sale of gym kits Bank Sales revenue To record sale of merchandise Accounts receivables Sales revenue To record sale of merchandise on account Bank 1000 3/9 1200 1200 3/11 1000 1000 3/13 500 500 3/15 2000 2000 3/22 1000 7. Journalize your transactions, include explanations (70 points) 8. Prepare and Journalize the adjusting entries at 3/31, using the information provided above. (15 points) 9. Post Transactions to T accounts, use dates (40 points) 10. Prepare UNADJUSTED and ADJUSTED TRIAL BALANCE (20 points) 11. Prepare the company's financial statements. (Omit the statement of cash flows) (30 points) 12. Prepare the closing entries 3/31/2021 (25 points) 13. Prepare a post closing trial balance (10 points) Step 71 Journalizing Transactions 1/18 1000 Particulars Debit Credit 1000 Date January 1/1 50000 1/22 300 50000 To record unearned from Jill Cash Unearned revenue To record unearned revenue collected Cash Service revenue To record service revenue collected Supplies Nike To record purchase of supplies on account 300 1/2 400 1/27 200 400 200 1/3 500 February 2/1 500 300 300 1/4 5000 5000 2/2 500 500 1/6 2000 2000 2/4 100 100 1/7 4000 4000 2/5 1000 Cash Owner Capital To record owner capital contribution Rent Cash To record rent expense Prepaid Insurance Cash To record prepaid insurance Supplies Accounts Payables To record purchase of supplies on account Furniture Accounts payables To record purchase of furniture Equipment Accounts payables To record purchase of equipment Utilities all Cash aan To record utilities expense Supplies Nike To record purchase of supplies on account Cash Service/Facility revenue To record revenue collected Merchandise Inventory Nike To record purchase of inventory on account Equipment Cash To record equipment, purchase in cash Cash 1000 1/8 200 200 2/6 2000 Utilities Cash To record utilities expense Equipment Bank To record purchase of equipment by check Cash Service revenue To record service revenue collected Owner withdrawal Bank To record owner withdrawal Cash Unearned revenue To record unearned revenue collected Cash ccounts receivables To record cash collected from customers Merchandise inventory Accounts payables To record purchase of inventory on account Cash Service revenue To record service revenue collected Advertising Expenses Cash To record advertising expense 2000 1/10 600 600 2/8 300 300 1/11 100 100 2/8 200 200 1/12 400 400 2/9 200 200 1/13 200 200 2/10 400 400 1/15 200 200 Unearned revenue To record unearned revenue Cash Unearned revenue - Jill 2/11 2/13 200 1/16 100 Utilities Cash To record utilities expense 200 100 2/16 300 1000 Sales revenue To record sales paid by check 300 2/20 200 200 Supplies Accounts payables To record purchase of supplies on account Cash Service revenue To record service revenue collected Cash Owner capital To record added owner capital Cash Unearned revenue To record unearned revenue 2/22 2000 2000 2/25 1000 1000 March 3/1 1200 1200 3/2 200 200 3/3 5000 5000 3/5 500 500 3/7 1000 Merchandise inventory Accounts payables To record inventory bought on account Prepaid expenses - shipping Cash To record prepaid shipping expenses Merchandise inventory Accounts payables To record inventory purchased on account Cash Sales revenue To record sale of merchandise in cash Merchandise inventory Accounts payables To record purchase inventory on account Cash Sales revenue To record sales revenue Cash Sales revenue To record sale of gym kits Bank Sales revenue To record sale of merchandise Accounts receivables Sales revenue To record sale of merchandise on account Bank 1000 3/9 1200 1200 3/11 1000 1000 3/13 500 500 3/15 2000 2000 3/22 1000 7. Journalize your transactions, include explanations (70 points) 8. Prepare and Journalize the adjusting entries at 3/31, using the information provided above. (15 points) 9. Post Transactions to T accounts, use dates (40 points) 10. Prepare UNADJUSTED and ADJUSTED TRIAL BALANCE (20 points) 11. Prepare the company's financial statements. (Omit the statement of cash flows) (30 points) 12. Prepare the closing entries 3/31/2021 (25 points) 13. Prepare a post closing trial balance (10 points)