please help with the journal entry and the T chart for December. thank you!

B7 J FOR COMPANIES SELLING NLY: You purcha C D A 6 Date Transaction FOR COMPANIES SELLING PRODUCTS ONLY: You purchase more merchandise from a wholesaler for 5300 cash. Shpping terms are FOB Destination. Shipping costs amounted to 560 1 7 Your company receives a check for the full amount due from the customer for the sale from November 30 8 HINT FOR COMPANIES SELLING PRODUCTS. Is this collection of money within the discount period? 8 9 Your business receives $1.500, in advance from customers for services/sales that will be performed during January 10 14 You getting overwhelmed and decide to hire an assistant 15 You wait until the last day to finally pay the cell phone invoice outstanding at November 30 12 16 issue a check to your CMO for the amount owed for the design of the website Additional revenue during the month amounts to $4.000 (You have not had time to account for each 23 sale/service Individually) $3,000 in cash has been collected and $1,000 is still outstanding. (This is 13 in astion to the December 9 transaction) 14 23 Additional supplies purchased during the month amount to $1.250 cash 15 28 Pay a dividend of 5700 to the common shareholder Yourself 31 You pay your assistant 58/hour for the amount worked in December. She has worked 4 hours per day 16 for 10 days since the date of Nire. 17 18 Additional Information for December is as follows: 20 21 42 21 A court reveals that $120 of your supplies were used Depreciation is recorded on the equipment purchased in November. The computer has a useful life of 5 years and the equipment purchased on November 17th has a used of 10 years. Assume that 2 months worth of depreciation is required Interest on the 0% nato payable is accrued Assume that 1.5 months of interest accrued during November and December) Round to rest dollar One month's worth of insurance has expired You are unexpectedly telephoned on December 28 to perform your services/selt some of your products on the last day of December in aty January, your company will send an invoice for $450, 22 23 14 25 24 25 8 FOR COMPANIES SELLING PRODUCTS: The products originally costed you $225 and your shipping tems are FOB Destination, 2/10, 1/30 Freight costs amounted to $50. A cell phone invoice is received for $175. The invoice is for services provided during the month of December and is due on January 15.Use Accounts Payable Because of the unexpected sale on December 31. you recruit your assistant to help you. Your assistant worked 7 hours at a rate of $10 per hour. You've already processed payroll for December, so your susitant will actually get paid until next month. 26 27 28 29 31 33 34 35 36 NOV Trial Balance DEC Transactions DEC General Journal DE Ready TTS WOS enget Nostales Centerfield Inc. December Genel um Afhendred way Reparation 5 10 Dabe Crede 7 120 10 12 n 125 14 15 226 12 2201 15 21 1223 22 2 25 1201 23 200 21 13 33 1721 25 37 11 11 4112 TOTALS NOV Trial Balance DEC Transactions DEC General Jour Ready Page SOTT TIDO words EST UNTEU Sides) B88 C D H the below T-Charts for accounts you have recorded entries to. Depending on your business type (Sales/Servion, you may not utilise all of the below SUMS WIIL AUTOMATICALLY POPULATE FOR YOU** Do not forget to cry beginning balances from your NOVEMBER Taccountal Cash Inventory Dett Data Crede Mange Notes Payable Degance End Balance Unearned Revenue Det Supplies Deelne See creen re End Bence Accounts Payable DE Debt Computer Credit RE Ende Advertising Expense Equipment Det Dett ne Common Stock Prepaid Insurance Get Debe De Les Balance ce Endel Accounts Receivable Cost of Goods Sold Ded nce ENIM Service Revenue ce Cell Phone Expanse Crete Des 12/23 Wages Expense De DEC Transactions DEC General Journal DEC General Ledger Ready E TWO Clipboard Font Alignment Number Format as Table Cell Styles Cells E B88 B 0 50 51 he Freight out 53 54 55 56 57 Dividends 59 50 61 62 Det Depreciation Expen 54 65 66 Accumulated Depredation. Lauament JO low GA 69 20 Ince 71 72 73. 74 Acumulated Depredation - Computer los Insurance Experte Interest Payable 76 77 78 79 Den Wages Payable 89 90 91 92 93 94 95 96 97 98 99 10 DEC Transactions DEC General Journal DEC General Ledger DEC Ready 2 0 a Page 1 1156 Words English (Unicu States NOY O 12 Date 8 8 8 11 15 16 17 18 Transaction You found you have some U.S. Savings Bonds laying around from a grandparent. You decide to cash those in and receive $520, which you deposit in your personal bank account You open a bank account for your business. You purchases $1,000 of your own business's common stock Your business purchases paper and other office supplies for $95. (Use Supplies.) You start to gather some equipment to take with you when you begin your business. You have an excellent computer that is old, but works fine. You decides to start using it only for your new business. You estimate that the computer is currently worth $300, and you transfer the computer into the business in exchange for additional common stock. (Use "Computer" as the account type). The company needs more cash to sustain its operations. Your parents lend the company $5,000 cash, in exchange for a two-year, 9% note payable. Interest and the principal are repayable at maturity. Your business pays $1,200 for additional equipment. FOR SERVICE COMPANIES: You schedule your first service performance for November 29. You will receive $200 on the date of the service. FOR COMPANIES SELLING PRODUCTS: You order some merchandise from a wholesaler in the amount of $200 cash, shipping terms FOB Shipping Point Freight costs amounted to $40. FOR SERVICE COMPANIES: You book a second service performance for December 5 for $150. You receive a $60 cash down payment, in advance. FOR SERVICE COMPANIES: You fulfill the obligation originated on Nov 18, booked on November 18, and collects the $200 cash FOR COMPANIES SELLING PRODUCTS: You have your first sale in the amount of $100. These products originally costed you $50. You ship your product to your customer under the terms FOB Destination. Freight Costs amounted to $10 cash. Your CMO develops a website for your business that the company will use for advertising. He/She charges the company $750 for his/her work, payable at the end of December Your business pays $1,200 for a one-year insurance policy using cash. FOR SERVICE COMPANIES: You generate additional Service revenue, but your customer cannot pay today in cash. You issue the customer an invoice in the amount of $300. They said it will get paid some time in December FOR COMPANIES SELLING PRODUCTS: You make another sale to customers in the amount of $300. These products originally costed you $150. Your sale to your customer is under the terms n/30 and FOB Destination. Freight costs amounted to $30. You recolve a $150 invoice for use of your cell phone. You use the cell phone exclusively for your business. The Invoice is for services provided in November, and payment is due on December 15. (Use "Accounts Payablo"). 25 29 30 30 30 30 Date Account Title and Explanation Debit Credit 11/8 No Entry No Entry 11/8 No Entry No Entry 11/8 Cash 500 Common Stock 500 11/11 Supplies 95 Cash 95 11/15 Computer 300 Common Stock 300 11/16 Cash 5.000 Notes Payable 5,000 11/12 Equipment 900 Cash 900 11/18 Merchandise Inventory 140 Cash 140 11/25 Cash 60 Une med 60 11/29 Cash 100 Service Revenue 100 11/30 "Prepaid insurance 1,200 Cash 1,200 11/30 Accounts Recievable 300 Service Revenue 300 11/30 Accounts Recievable Sales Revenue 11/30 Egenses 50 Accounts Payable 50 TOTALS 8,645 8,645 Cash Inventory 4 5 6 Deb Debe 8 Notes Payable Dale Supplies End Dance Debit Sede Unearned Revenue Det Dede Computer Endance Debit Dede Accounts Payable Debe Credit 9 10 11 12 13 14 Balance 15 16 17 18 19 Balance 20 21 22 23 24 Balance 25 26 27 28 29 dBalance 30 31 32 33 34 d Balance 35 36 37 38 Equipment Dest Det Advertising Expense Det Debe Endance Prepaid Insurance cred Debt Debe Common Stock Crede Accounts Receivable Endance Dett Cost of Goods Sold Debt 39 40 dBalance Endence 42 43 Cell Phone Expense Credit Debt Service Revenue Code Debt Freight-out 44 45 46 dBalance 47 48 49 50 51 52 Relare 53 Debit B7 J FOR COMPANIES SELLING NLY: You purcha C D A 6 Date Transaction FOR COMPANIES SELLING PRODUCTS ONLY: You purchase more merchandise from a wholesaler for 5300 cash. Shpping terms are FOB Destination. Shipping costs amounted to 560 1 7 Your company receives a check for the full amount due from the customer for the sale from November 30 8 HINT FOR COMPANIES SELLING PRODUCTS. Is this collection of money within the discount period? 8 9 Your business receives $1.500, in advance from customers for services/sales that will be performed during January 10 14 You getting overwhelmed and decide to hire an assistant 15 You wait until the last day to finally pay the cell phone invoice outstanding at November 30 12 16 issue a check to your CMO for the amount owed for the design of the website Additional revenue during the month amounts to $4.000 (You have not had time to account for each 23 sale/service Individually) $3,000 in cash has been collected and $1,000 is still outstanding. (This is 13 in astion to the December 9 transaction) 14 23 Additional supplies purchased during the month amount to $1.250 cash 15 28 Pay a dividend of 5700 to the common shareholder Yourself 31 You pay your assistant 58/hour for the amount worked in December. She has worked 4 hours per day 16 for 10 days since the date of Nire. 17 18 Additional Information for December is as follows: 20 21 42 21 A court reveals that $120 of your supplies were used Depreciation is recorded on the equipment purchased in November. The computer has a useful life of 5 years and the equipment purchased on November 17th has a used of 10 years. Assume that 2 months worth of depreciation is required Interest on the 0% nato payable is accrued Assume that 1.5 months of interest accrued during November and December) Round to rest dollar One month's worth of insurance has expired You are unexpectedly telephoned on December 28 to perform your services/selt some of your products on the last day of December in aty January, your company will send an invoice for $450, 22 23 14 25 24 25 8 FOR COMPANIES SELLING PRODUCTS: The products originally costed you $225 and your shipping tems are FOB Destination, 2/10, 1/30 Freight costs amounted to $50. A cell phone invoice is received for $175. The invoice is for services provided during the month of December and is due on January 15.Use Accounts Payable Because of the unexpected sale on December 31. you recruit your assistant to help you. Your assistant worked 7 hours at a rate of $10 per hour. You've already processed payroll for December, so your susitant will actually get paid until next month. 26 27 28 29 31 33 34 35 36 NOV Trial Balance DEC Transactions DEC General Journal DE Ready TTS WOS enget Nostales Centerfield Inc. December Genel um Afhendred way Reparation 5 10 Dabe Crede 7 120 10 12 n 125 14 15 226 12 2201 15 21 1223 22 2 25 1201 23 200 21 13 33 1721 25 37 11 11 4112 TOTALS NOV Trial Balance DEC Transactions DEC General Jour Ready Page SOTT TIDO words EST UNTEU Sides) B88 C D H the below T-Charts for accounts you have recorded entries to. Depending on your business type (Sales/Servion, you may not utilise all of the below SUMS WIIL AUTOMATICALLY POPULATE FOR YOU** Do not forget to cry beginning balances from your NOVEMBER Taccountal Cash Inventory Dett Data Crede Mange Notes Payable Degance End Balance Unearned Revenue Det Supplies Deelne See creen re End Bence Accounts Payable DE Debt Computer Credit RE Ende Advertising Expense Equipment Det Dett ne Common Stock Prepaid Insurance Get Debe De Les Balance ce Endel Accounts Receivable Cost of Goods Sold Ded nce ENIM Service Revenue ce Cell Phone Expanse Crete Des 12/23 Wages Expense De DEC Transactions DEC General Journal DEC General Ledger Ready E TWO Clipboard Font Alignment Number Format as Table Cell Styles Cells E B88 B 0 50 51 he Freight out 53 54 55 56 57 Dividends 59 50 61 62 Det Depreciation Expen 54 65 66 Accumulated Depredation. Lauament JO low GA 69 20 Ince 71 72 73. 74 Acumulated Depredation - Computer los Insurance Experte Interest Payable 76 77 78 79 Den Wages Payable 89 90 91 92 93 94 95 96 97 98 99 10 DEC Transactions DEC General Journal DEC General Ledger DEC Ready 2 0 a Page 1 1156 Words English (Unicu States NOY O 12 Date 8 8 8 11 15 16 17 18 Transaction You found you have some U.S. Savings Bonds laying around from a grandparent. You decide to cash those in and receive $520, which you deposit in your personal bank account You open a bank account for your business. You purchases $1,000 of your own business's common stock Your business purchases paper and other office supplies for $95. (Use Supplies.) You start to gather some equipment to take with you when you begin your business. You have an excellent computer that is old, but works fine. You decides to start using it only for your new business. You estimate that the computer is currently worth $300, and you transfer the computer into the business in exchange for additional common stock. (Use "Computer" as the account type). The company needs more cash to sustain its operations. Your parents lend the company $5,000 cash, in exchange for a two-year, 9% note payable. Interest and the principal are repayable at maturity. Your business pays $1,200 for additional equipment. FOR SERVICE COMPANIES: You schedule your first service performance for November 29. You will receive $200 on the date of the service. FOR COMPANIES SELLING PRODUCTS: You order some merchandise from a wholesaler in the amount of $200 cash, shipping terms FOB Shipping Point Freight costs amounted to $40. FOR SERVICE COMPANIES: You book a second service performance for December 5 for $150. You receive a $60 cash down payment, in advance. FOR SERVICE COMPANIES: You fulfill the obligation originated on Nov 18, booked on November 18, and collects the $200 cash FOR COMPANIES SELLING PRODUCTS: You have your first sale in the amount of $100. These products originally costed you $50. You ship your product to your customer under the terms FOB Destination. Freight Costs amounted to $10 cash. Your CMO develops a website for your business that the company will use for advertising. He/She charges the company $750 for his/her work, payable at the end of December Your business pays $1,200 for a one-year insurance policy using cash. FOR SERVICE COMPANIES: You generate additional Service revenue, but your customer cannot pay today in cash. You issue the customer an invoice in the amount of $300. They said it will get paid some time in December FOR COMPANIES SELLING PRODUCTS: You make another sale to customers in the amount of $300. These products originally costed you $150. Your sale to your customer is under the terms n/30 and FOB Destination. Freight costs amounted to $30. You recolve a $150 invoice for use of your cell phone. You use the cell phone exclusively for your business. The Invoice is for services provided in November, and payment is due on December 15. (Use "Accounts Payablo"). 25 29 30 30 30 30 Date Account Title and Explanation Debit Credit 11/8 No Entry No Entry 11/8 No Entry No Entry 11/8 Cash 500 Common Stock 500 11/11 Supplies 95 Cash 95 11/15 Computer 300 Common Stock 300 11/16 Cash 5.000 Notes Payable 5,000 11/12 Equipment 900 Cash 900 11/18 Merchandise Inventory 140 Cash 140 11/25 Cash 60 Une med 60 11/29 Cash 100 Service Revenue 100 11/30 "Prepaid insurance 1,200 Cash 1,200 11/30 Accounts Recievable 300 Service Revenue 300 11/30 Accounts Recievable Sales Revenue 11/30 Egenses 50 Accounts Payable 50 TOTALS 8,645 8,645 Cash Inventory 4 5 6 Deb Debe 8 Notes Payable Dale Supplies End Dance Debit Sede Unearned Revenue Det Dede Computer Endance Debit Dede Accounts Payable Debe Credit 9 10 11 12 13 14 Balance 15 16 17 18 19 Balance 20 21 22 23 24 Balance 25 26 27 28 29 dBalance 30 31 32 33 34 d Balance 35 36 37 38 Equipment Dest Det Advertising Expense Det Debe Endance Prepaid Insurance cred Debt Debe Common Stock Crede Accounts Receivable Endance Dett Cost of Goods Sold Debt 39 40 dBalance Endence 42 43 Cell Phone Expense Credit Debt Service Revenue Code Debt Freight-out 44 45 46 dBalance 47 48 49 50 51 52 Relare 53 Debit