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PLEASE READ CAREFULLY WHAT I INDICATE BELOW (I put the pictures bigger as you indicated) This work is for tomorrow, all the information is below.
PLEASE READ CAREFULLY WHAT I INDICATE BELOW (I put the pictures bigger as you indicated)
This work is for tomorrow, all the information is below.
-I would appreciate if you can answer them all (at the end)
Using picture 1 as the main to get the information to answer the pictures below. Thank you.
Picture 1 below (WHERE I GOT THE INFORMATION)
Hope this helps to answer all the questions that are in blank AT THE END, it will help a lot!
THE INFORMATION THAT NEEDS TO BE ANSWERED IS THIS ONE BELOW
The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $40,000, of which $19,000 is on account. 2. May 2 Collect on accounts receivable, $16,000. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $9,500 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,000. 6. October 19 Purchase equipment for $6,000 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,000. Office supplies remaining on hand at the end of the year equal $1,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Prepare the income statement for the year ended December 31, 2024. Prepare the classified balance sheet for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a mint sign.) Prepare an unadjusted trial balance. Prepare an adjusted trial balance. Prepare a post-closing trial balance. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balancesStep by Step Solution
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