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please provide Journal, adjusting journal, closing journal, ledgers, worksheet, income statement ,statement of owners equity balance sheet and post closing trial balance. S1C. Refer to
please provide Journal, adjusting journal, closing journal, ledgers, worksheet, income statement ,statement of owners equity balance sheet and post closing trial balance.
S1C. Refer to the worksheet for Chalk Computer Repair Service of page 235. The beginning balances from the trial balance column) in econtare already entered in your working paper. Journalist and post adjusting and closing entries to each account in the edges, and prepare form the ledger a post-closing trial balance at the end of November 9 520. From the following transactions as well as additional data, please complete the entire accounting cycle for Mike Plumbing of Prince Albert. (Use a chur of secounts similar to the one in Problem PS-1A on page 228) 2002 May 1 To open the business, Mike Quinlan invested $10,000 cash and 57,400 worth of plumbing equipment 1 Paid rent for four months in advance, 51,980, 3 Purchased office equipment on account from Mackenzie Co. $3,800 7 Bought plumbing supplies, 51,645. 8 Collected $3,600 for plumbing services provided. Mike paid his home utility bill with company cheque, 5122 10 Billed Western Construction Co for plumbing fees camned but not to be received until later, 59,600. Advertising bill was received from ABCD Radio Co, but is not to be paid until next month, $420. 21 Received cheque from Western Construction Co. In partial payment of transaction dated May 10, 54,800 28 Paid Mackenzie Co one half of amount owed for office equip ment, $1,900 31 Paid telephone bill of company, $184. 31 Received ball from George Cleaning to be paid in June, 5215 31 Paid salaries to employees, $4,100 Adjusting Data a. Plumbing supplies remaining at month-end were $328. b. One month's rent expired in May. c. Depreciation on office equipment uses the straight-line method, a life of five years, and a residual value of $500. d. Depreciation of plumbing equipment also uses the straight-line method, a life of three years, and zero residual value. c. Salaries accrued amounted to 20% of the salaries paid on May 31 Step by Step Solution
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