Please complete the T-accounts, bank reconciliation(if anything needs to be added), income statement, ststement of retained earnings, balance sheeet, cash flow, closing entries, and post closing trial balance.

Journal

T-accounts (not completed)

Unadjusted Trial Balance (completed)

Adjustments

Adjusted Trial Balance

Income Statement

Statement of Retained Earnings

Balance Sheet

Cash Flow

Closing Entries

Post Closing Trial Balance

Debit Credit Account Names Started Corporation with $10,000.00 in exchange 10,000 shares common stock cash common stock $10,000.00 $10,000.00 2 Purchased a Computer for Cash $1,000.00 computer cash $ 1.000.00 S 1,000.00 3 Paid the Rent for three months in Advance $1500.00 prepaid rent cash $ 1,500.00 $ 1.500.00 Did Work for $500.00 Cash $ 500.00 cash revenue 500.00 Bought Supplies for $250.00 Account supplies accounts payable $ 250,00 $ 250,00 6 Paid Wages of $1,500.00 wage expense $ 1.500.00 Journal Accounts Copy of Ledger Copy of Unadjusted TB Paid Wages of $1,500.00 wage expense cash $ 1,500.00 $ 1,500.00 Received $15,000.00 for work to be done next month cash unearned revenue $ 15,000.00 $15,000.00 Paid Advertising Fees to Google $1,500.00 advertising expense cash $ 1,500.00 $ 1.500.00 Purchased $1,500.00 of Supplies for Cash supplies cash S 1.500.00 $ 1,500.00 Completed Work on Account and sent an INvoice for $1,000.00 accounts recievable revenue 1,000.00 $ 1.000.00 Issued 5% Bond with a Face/Par Value of $1,000.00 for $1.100.00 Pays % Annually Cash Bonds Payable Bond Premium S 1.100.00 $ 1.000.00 $ 100.00 Journal TAccount Copy of Ledger Copy of Unadjusted TB revenue $ 1,000.00 1 Issued 5% Bond with a Face/Par Value of $1,000.00 for $1,100.00 Pays % Annually Cash Bonds Payable Bond Premium $ 1,100.00 $ 1,000.00 $ 100.00 2 Issued 100 shares $100.00 Par Value Preferred Stock Pays 10% Annually Cash Preferred Stock $10,000.00 $10,000.00 13 $ Paid the interest on the bond one year later and amortized the Premium Interest Expense Cash Amortization of Bond Premium Interest Expense 50.00 $ 201 50.00 20 Paid the Dividends on the Preferred Stock Retained Earnings Cash 1000 1000 0 E 0 Computer 1000 H 1 Common Stock 10000 Marketing/Advertising Exp 1500 Cash 10000 500 15000 1100 10000 1000 1500 1500 1500 1500 50 1000 1000 10000 1500 28550 Accum.Depreciation 15 Preferred Stock 10000 Supplies Expense 250 1500 15 10000 1750 Uneamed Revenue 15000 Retained Earnings 1000 Journal TAccounts Copy of Ledger Copy of Uradjusted TB- Copy of Adjustments Copy of Revenue Accounts Receivable 1000 2000 Accounts Payable 250 Rent Expense 1000 500 1000 2000 15000 500 3000 250 18500 500 Prepaid Rent 1500 Bond Payable Depreciation Expense 15 Wage Expense 500 1500 1000 1500 Supplies 250 1500 1250 Premium on Bond 20 100 Interest Expense 50 INCOME SUMMARY 1500 1500 1500 15000 30 20 Journal - T Accounts Copy of Ledger Copy of Unadjusted TB - Copy of Adjustments Copy of Type here to search C D Unadjusted Trial Balance 2 3 $28,550.00 $ 1,000.00 4 6 $ 1,500.00 $ 1,750.00 $ 1,000.00 B 9 Cash Accounts Receivable 5 Prepaid Insurance Prepaid Rent 7 Supplies Computer Accumulated Depreciation 10 Accounts Payable Unearned Revenue Bond Payable Premium on Bond Preferred Stock Common Stock Retained Earnings 11 12 -13 $ 250.00 $ 15,000.00 $ 1,000.00 $ 80.00 $10,000.00 $10,000.00 14 15 16 $ 100 on + Journal TAccounts Copy of Ledger Copy of Unadjusted TB Tunis Ex Unadjusted Trial Balance $ 80.00 $10,000.00 $10,000.00 6 $ 1,000.00 $ 1,500.00 3 Premium on Bond 4 Preferred Stock 5 Common Stock 6 Retained Earnings 17 Dividends 78 Revenue 119 Wage Expense 20 Depreciation Expense Interest Expense 22 Marketing Expense Rent Expense 24 Supplies Expense Totals $ 1,500.00 21 $ 30.00 $ 1,500.00 23 25 $ 37,830.00 $ 37,830.00 26 27 1 2 Bank Reconciliation The Balance per the Bank is $12,300.00 There is a bank charge of $36.25 3 2 5 Balance Per the Bank $ 12,300.00 Additions B . Deductions 10 " Adjusted Balance 12 - Balance Per the General Ledger $ 12,336.25 14 Additions 10 1 Deductions Journal TAccounts Copy of Ledger Copy of Unadjusted TB Copy of Adjustments Copy of B D 16 12 Deductions 18 1 Adjusted Balance 20 21 22 23 20 Debit Credit ADJUSTING ENTRIES Compute 1 Month Depreciation for a computer you paid $1,000.00 Salvage is $100.00 Life 60 Months or 5 Years Depreciation Expense Accumulated Depreciation $ 2 15.00 20 15.00 29 3We only counted Supplies left of $500.00 * Supplies Expense Supplies $ 1,250.00 $ 1.250.00 Journal TAccounts Copy of Lodge Copy of Unadjusted to Copy of Adjustments - Copy of o Tvre here to search 3 Need to bill $2000.00 of accured revenue Accounts Receivable Revenue $ 2,000.00 $ 2,000.00 4 Make the adjusting entry for the prepaid rent Rent Expense Prepaid Rent $ 500.00 $ 500.00 5 - You earned all the revenue received in advance Uneamed Revenue Revenue $ 115,000.00 $ 15,000.00 + Journal TAccounts Coorde Coryented Copy of Adjustments Copy of Adjusted Trial Balance Debit Credit Cash $28,550.00 $3,000.00 4 Accounts Receivable Prepaid Insurance Prepaid Rent $1,000.00 Supplies $500.00 $1,000.00 9 $15.00 Computer Accumulated Depreciation Accounts Payable Unearned Revenue 10 $250.00 2 Bond Payable $1,000.00 Premium on Bond $80.00 Preferred Stock $10,000.00 Copy of Unadjusted TB- Copy of Adjustments Co fx Adjusted Trial Balance B C 13 Premium on Bond 14 Preferred Stock $80.00 $10,000.00 $10,000.00 15 Common Stock 16 Retained Earnings $1,000.00 17 Dividends 18 Revenue $18,500.00 19 $1,500.00 20 $15.00 21 $30.00 22 Wage Expense Depreciation Expense Interest Expense Marketing Expense Rent Expense Supplies Expense Totals 20 $1,500.00 $500.00 24 25 $1,250.00 $39.845.00 $39.845.00 26 This Could Be Your Compafly, LLC Income Statement For the Month Ended July 31th, 2020 $ 1,500.00 5 Revenue : Less: Cost of Goods Sold Gross Profit Expenses: Depreciation INterest Expense Marketing Exp 11 Supplies Expense 12 Rent Expense Wage Expense 9 $ $ $ $ $ 30.00 1,500.00 1,250.00 500.00 1,500.00 14 Total Expenses Net Income $ $ 4,780.00 (3,280.00) Copy of Adjustments Copy 17 19 19 This Could Be Your Company, LLC Statement of Retained Earnings For the Month Ended July 31th, 2020 20 Retained Earnings, July 1st, 2020 $ Plus Net Income (3,280.00) Less Dividends 2 Retained Earnings, July 31th, 2020 $ 1,000.00 21 $ 22 (3,280.00) 24 25 This Could Be Your Company, LLC 25 This Could Be Your Company, LLC Balance Sheet July 31st 2020 Assets Liabilities 20 $ $ Cash 21 Accounts Receivable Prepaid Rent Supplies 34 Total Current Assets 35 Computer Less: Accumulated Depreciation Net Property Plant and Equipment $ $ $ $ $ $ 28,550.00 Accounts Payable $ 250.00 1,000.00 Bond Payable $ 1,000.00 1,500.00 Premium on Bond $ 80.00 1,750.00 Total Liabilities $ 1,330.00 32,800.00 Preferred Stock $10,000.00 1,000.00 Common Stock $10,000.00 15.00 APIC - Common Stock $10,000.00 1,015.00 Treasury Stock Retained Earnings $ (3,280.00) Total Stockholder's Equity $ 26,720.00 33,815.00 Total Liabilities & Stockholder's $ 28,050.00 S6 37 38 28 13 Total Assets $ + E Copy of Adjustments Copy of Adjusted Trial Balances Conu of Financial 0 D 1 2 3 4 Operating Net Income Depreciation Amortization of Bond Premium Change in Accounts Receivable Change in Prepaid Rent Change in Prepaid Expenses Change in Accounts Payable Change in Supplies Amortization of Bond Premium $ 13,705.00 $ 15.00 $ (20.00) $ 1,000.00 $ 1,500.00 $ (1,000.00) $ 250.00 $ 1,750.00 $ (20.00) 7 40 Total Cash Flow from Operating Activities $ 17,200.00 12 Investing Purchase of Computer $ (1,000.00 Total Cash Flow from Investing Activities -1000 + Copy of Adjustments Copy of Adjusted Trial Balances - Copy of Financial Statements 11 Total Cash Flow from Operating Activities $ 17,200.00 12 Investing Purchase of Computer $ (1,000.00 Total Cash Flow from Investing Activities 14 -1000 15 76 -7 19 Financing Dividends Paid $ Sale of Stock Purchase of Stock $ Issue Bond $ Total Cash Flow from Financing Activities Change in Cash for the Period Beginning Cash April 1st, 2018 Ending Cash July 31st, 2018 20 22 $ 16,200.00 0 $ 16,200.00 23 Journal 2 Closing Entries Debit Credit 00 1) Close Revenue to Income Summary 4 Revenue $18,500.00 S Income Summary $ 18,500.00 ON 2)Close Expenses to Income Summary Income Summary $ 17,850.00 9 Sales Discount Cost of Goods Sold Bank Expense Depreciation Expense $ 15.00 13 Interest Expense $ 30.00 Wage Expense $1,500.00 ummal B D a Interest Expense $ 30.00 14 Wage Expense $ 1,500.00 15 Payroll Taxes Expense 16 Rent Expense $ 500.00 17 Supplies Expense $ 1,250.00 19 Marketing Expense $ 1,500.00 19 3) Close Income Summary to Retained Earnings 20 $12,705.00 21 $12,705.00 22 4) Close Dividends to Retained Earnings 22 24 25 Retained Earnings Dividends 26 1 2 Post-Closing Trial Balance 31-Jul-20 Debit 2 Credit Cash Accounts Receivable Prepaid Rent Supplies * Computer Accumulated Depreciation Accounts Payable Bond Payable Premium on Bond Unearned Revenue Preferred Stock Common Stock Retained Earnings Totals $ $ + Ences Copy of Financial Statements Cash Flow