please help to fill this template. 10. Leon Jackson is ecstatic! First National Bank just approved a loan for Leon to start a Web site
10. Leon Jackson is ecstatic! First National Bank just approved a loan for Leon to start a Web site design and maintenance business called Webworks. He is now ready to purchase his needed equipment, hire his administrative help, and begin designing sites, During June, his first month of business, the following xcur: a. Webworks signs a note at the bank and is given $10,000 cash. b. Leon deposits $2,0m of his own money into Webworks's checking count. c. Webworks purchases a new computer and addtional equipment for $3,000. d. Webworks purchases supplies worth $200 on account that should last Webworks t'wq) months. e. Webworks hires Nancy Po to assist with administrative tasks. She will charge $100 per Web site for her assistance. f. WebNorks begins workng on his first two Web sites, One for Juan Sanchez, a friend Of his dads and the Other for Pauline Smith, a local . businesswoman. g. Webworks compQs the site for Mr. Sanchez and sends him a bill for $600. h. Webworks aynpletes the Site for Ms. Smith and sends her a bill for $450. Webworks collects in cash from Mr. Sanchez. j. Webworks pays Nancy $100 for her work on Mr. Sanchezs Web site. . k- Webworks receives in advance to work On a Web Sitefor a restaurant. Work on the ste not begin until jury. W'ebworks pays taxes Of $200 in cash, Required; Prepare journal entries for the above events if nied. : B. post entries to I-accounts. c. Prepare an unadjusted trial balance Webworks for June. o_ Prepare adjusting entries for the following and post them to your Tacrounts, adding any additional Taccounts as necessary. m. Webworks owes Nano $100 for her work on Ms. Web site. n. pare-Its let him know that VVebworks owes toward the electricity Webworks Will pay them in Jury. o_ Webworks only uSj half or the supplies purchased in (d) above. E. Prepare an adjusted trial balance Webworks for June,
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started