Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please complete all parts to this problem and explain work. i know its allot but i added wxtra pictures so it is easier. GL2-8 Complete

please complete all parts to this problem and explain work. i know its allot but i added wxtra pictures so it is easier. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
GL2-8 Complete the steps in the measurement of external transactions Thunder Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the first 11 months of operations in 2021, Thunder Cat has the following account balances: Credits THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Cash $ 20,600 Supplies 2,700 Prepaid Rent 8.400 Equipment 82,500 Buildings 241,200 Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends 10,200 Service Revenue Salario Expense 66,200 Advertising Expense 19.400 Utilities Expense 3.500 Totals $484,700 $ 11,000 4.400 126,200 77,900 265,200 $484,700 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for canh, $28,600. (Hint: Record the 31 entire month's services in a single entry.) December 4 Purchase pot supplies on account, S4, 100. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,200. December 16 Pay Cash on accounts payable, $7,500. December 19 Purchase equipment with cash, $8,900. December 22 Pay utilities for December, $5,700. December 24 Receive cash from customers for services to be provided next January, $3,500. December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,400. The zoo and Check my work vienas Service Revenue Salaries Expense Advertising Expense Utilities Expense Totals 1,20 265,200 66,200 19,400 33,500 $484,700 $4B4,700 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $28,600. (Hint: Record the 31 antire month's services in a single entry.) December 4 Purchase pot supplies on account, $4, 100. December B Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,200. December 16 Pay cash on accounts payable, $7,500. December 19 Purchase equipment with cash, SB, 900. December 22 Pay utilities for December, $5,700. December 24 Receive cash from customers for services to be provided next January $3.500. December 27 One of Thunder Cat's trainers takes a part-time job at the 100 and earns a salary of $2,400. The zoo and Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 12). Review the General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. Remote General Journal > Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Requin first account field.) Book View transaction list Print Journal entry worksheet 1 2 3 4 5 6 7 8 ...... 12 > erences Throughout the month, Thunder Cat provides services to customers for cash, $28,600. (Hint: Record the entire month's services in a single entry) Note: Enter debits before credits. Account Title Debit Credit Date December 01 Record entry Clear entry View general journal December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in first account field.) View transaction list Journal entry worksheet 3 4 5 6 7 8 ..... 12 Purchase pet supplies on account, $4,100. Note: Enter debits before credits. Account Title Debit Credit Dato December 04 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" it first account field.) View transaction list Journal entry worksheet Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. Note: Enter debits before credits. Account Title Debit Credit Date December 08 Record entry Clear entry View general Journal Ched December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in th first account field.) View transaction list Journal entry worksheet Chec December December 30 Pay employee salaries for the current month, $8,200. 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Issue additional shares of common stock for cash, $6,200. Note: Enter debits before credits. Account Title Debit Credit December 12 Record entry Clear entry View general journal December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Purchase equipment with cash, $8,900. Note: Enter debits before credits Date Account Title Debit Credit December 19 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in first account field.) O- View transaction list Journal entry worksheet ances Receive cash from customers for services to be provided next January, $3,500. Note: Enter debits before credits Date Account Title Debit Credit December 24 Record entry Clear entry View general journal first account Field.) View transaction list Journal entry worksheet Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Requi first account field.) View transaction list Journal entry worksheet 1 .... 5 6 7 8 9 10 Pay employee salaries for the current month, $8,200. Note: Enter debits before credits. Account Title Debit Credit December 30 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Equipment Debit Accounts Payable Debit Credit No. Credit No. Date December 01 Balance 82,500 Date December 01 Balance 11,000 Deferred Revenue Common Stock Dobit Credit No. Debit Credit No. Balance Date December 01 Balance 4,400 Date December 01 126,200 Retained Earnings Dividends No. Debit Credit No. Date Debit Credit Date December 01 Balance 77,900 Balance 10,200 Service Revenue Advertising Expense No. Debit Credit Balance No. Debit Credit Date December 01 Date December 01 265,200 Balance 19,400 Salaries Expense Utilities Expense Debit Credit No. Debit Credit No. Date December 01 Balance 66,200 Date December 01 Balance 33,500 JUAL Uwe December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,400. The Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance THUNDER CAT SERVICES Trial Balance December 31, 2021 Account Title Credit Debit 20,600 2,700 8,400 241,200 82,500 -Cash - Supplies - Prepaid Rent Buildings Equipment Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue - Advertising Expenso Salaries Expense Utilities Expense Total 11,000 4,400 126,200 77.900 10,200 265,200 19,400 66,200 33,500 484,700 $ 484,700 comandar

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Cost Analysis

Authors: Roger Hussey

1st Edition

160649239X, 9781606492390

More Books

Students also viewed these Accounting questions

Question

Are there professional development opportunities?

Answered: 1 week ago

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago