please do adjusting journal entries for me if not possible all
October Journal Entries Adjusting Journal Entries Closing Journal Entries Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance T-Accounts Income Statement Statement of Changes in Equity Balance Sheet / Statement of Financial Position 1 YOUR NAME Corporation formed its company October 1, 2018 to provide advertising services to customers. YOUR NAME created the following Chart of Accounts to use to track your transactions and economic events. If new accounts are needed, you are allowed to create new accounts as required: 100 Cash 110 Accounts Receivable 150 Supplies 155 Prepaid Insurance 160 Equipment 200 Accounts Payable 205 Unearned Revenue 210 Bank Loan Payable 300 Common Shares 350 Dividends Declared 400 Service Revenue 600 Salaries Expense 605 Rent Expense 610 Income Tax Expense You have been provided with various source documents required to complete the transactions during the month of October 2018 1. Using the Journal Entry form, prepare the journal entries for each of the source documents provided below. 2. Using the General Ledger form, POST the journal entries 3. Using the Trial Balance form, prepare an Unadjusted Trial Balance 2-P MEMO To: YOUR NAME Corporation Date: October 1, 2018 Various people paid YOUR NAME Corporation $10,000 cash in exchange for Common Shares MEMO To: YOUR NAME Corporation Date: October 8, 2018 Hired four employees to begin work on Monday, October 15, 2018. Each employee will receive a weekly salary of $500 for a five-day work week (Monday - Friday), payable every two weeks, the first payment will be made Friday, October 26, 2018 MEMO To: YOUR NAME Corporation Date: October 26, 2018 Payroll was completed paying biweekly salaries to four employees for the period October 15 - 26 MEMO To: YOUR NAME Corporation Date: October 29, 2018 The Board of Directors declared a dividend to shareholders on record of $500 RECEIPT To: YOUR NAME Corporation Date: October 2, 2018 Receipt for monthly rent for the month of October 2018; amount is $900.00 INVOICE FOCUS EQUIPMENT 1234-98 Avenue Edmonton, AB T2J 1B2 Invoice # INV728 Date October 1, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Purchase of equipment to be used in your daily operations which is estimated to have a 5-year life. $5,000.00 Payment received in full Thank you for your business INVOICE Aero Supply Company 72 Gladstone Way Calgary, AB T3B 4F6 Invoice # 5544 Date October 9, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Office supplies 2,500.00 Payment due in 30 days Scotiabank Date: October 1, 2018 Re: Loan Dear Customer: We are pleased to provide you a $5,000 loan with an interest rate of 6% per annum. The terms of the loan are to be paid in full on or before January 1, 2019 (3 months) interest and principle. Sincerely, Scotia Bank INVOICE ABC Insurance Company 83 Sunset Blvd Calgary, AB T2M 3M3 Invoice # 1298 Date: October 5, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Insurance Policy: Effective for the period October 1, 2018 to September 30, 2019 Total Payment required $ 600.00 Payment received in full INVOICE YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Invoice # 0001 Date October 15, 2018 TO: Copa Ltd 998 Simpson Way Calgary, AB T2K 4M9 Provided Advertising Services 20,000.00 Payment due in 30 days Thank you for your business YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Cheque Number Date: Scotiabank Calgary, AB 1000 October 22, 2018 Pay to the order Aero Supply Company $1.000.00 ---One thousand dollars Partial pmt for Inv 5544 your signature YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Scotiabank Calgary, AB Cheque Number 1001 Date: October 30, 2018 Pay to the order Canada Revenue Agency $1.800.00 --One thousand eight hundred dollars Income Tax Instalment payment your signature Copa Ltd 998 Simpson Way Calgary, AB T2K 4M9 Royal Bank Calgary, AB Cheque Number 2468 Date: October 30, 2018 Pay to the order YOUR NAME Corporation $9.000.00 --Nine thousand dollars Partial pmt for Inv 0001 Copa Ltd signature CIBC Calgary, AB Knox Ltd 43 Happy Lane Calgary, AB T2K 4M9 Cheque Number 0001391 Date: October 19, 2018 Pay to the order YOUR NAME Corporation $1.200.00 -One thousand two hundred-- dollars Advanced payment for work in November 2018 Knox Ltd signature 1 7 Page 4. Memos and other source documents been provided to you to help you prepare the monthly adjusting journal entries required. Prepare and post the adjusting journal entries using the forms provided. Please note, not all of the information to complete the adjusting journal entries is provided so you must review the accounts in the Unadjusted Trial Balance. 5. Using the Trial Balance form, prepare the Adjusted Trial Balance MEMO To: YOUR NAME Corporation Date: October 31, 2018 A count of office supplies was conducted and it is determined $1,500 worth of supplies was used during the month MEMO To: YOUR NAME Corporation Date: October 31, 2018 It was determined that $400 of the $1,200 received from Knox Ltd has been earned during the month INVOICE YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Invoice # 0003 Date October 31, 2018 TO: New Customer New Address Calgary, AB T1L 349 Provided Advertising Services during October 2018 200.00 Payment due in 30 days Thank you for your business 6. Using the Financial Statement forms, prepare the: a. Income Statement b. Statement of Changes in Equity C. Balance Sheet/ Statement of Financial Position For the first month of operations for YOUR NAME Corporation
