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please solve it fast ASAP with all requirements i need all requirements fast Pierre Legault has operated Pierre's Floral Shoppe for six months. The beginning
please solve it fast ASAP with all requirements i need all requirements fast
Pierre Legault has operated Pierre's Floral Shoppe for six months. The beginning account balances and transactions for the month of August 20XX follow: Chart of Accounts 101 Cash $10,500 110 Accounts Receivable 4,400 115 Office Supplies 970 120 Delivery Van 25,000 130 Computer Equipment 7,500 140 Office Equipment 11,600 210 Accounts Payable 7,500 215 Notes Payable 33,500 301 Pierre Legault, Capital 18,970 310 Pierre Legault, Drawing 401 Floral Revenue 601 Rent Expense 605 Utilities Expense 610 Advertising Expense 615 Interest Expense 620 Gas and Oil Expense 625 Repairs Expense 630 Insurance Expense 640 Salaries Expense Transactions: a. purchased computer equipment at a cost of $5,400; paid $2,000 cash down and agreed to pay the balance in 90 days b. paid rent, $1,200 c. paid utilities bill, $430 d. received $720 from a customer paying on account e. made a $1,400 payment on the note payable; $540 of this amount is for interest f. delivered flowers costing $1,720 to a customer; received $1,000 cash, and the balance is due in 30 days g. received bill for advertising in the amount of $530 to be paid in 60 days h. paid $1,620 on accounts payable i. paid $27 from the business bank account to Cotty Cleaners for the owner's dry cleaning j. paid salaries, $640 k. received $2,190 cash for flowers sold 1. received $630 from a customer paying on account m. paid $220 for a tune-up on the delivery van n. withdrew $1,500 for personal use o. paid $530 on accounts payable p. delivered flowers costing$3,400 to a customer who has agreed to pay in 30 days 9. paid $615 for gas and oil for the delivery van received 2,190 Cam TOT Towers sold 4G 9:50 11 1. received $630 from a customer paying on account 49 m. paid $220 for a tune-up on the delivery van n. withdrew $1,500 for personal use o. paid $530 on accounts payable p. delivered flowers costing$3,400 to a customer who has agreed to pay in 30 days 9. paid $615 for gas and oil for the delivery van r. paid radio advertising in the amount of $780 S. received bill for auto repairs for $1,650 to be paid in 30 days t. made $1,200 payment on notes payable; $425 of this amount is for interest u. paid $420 for insurance v. withdrew $2,000 for personal use Instructions 1. Prepare and title the T accounts as named in the chart of accounts. Record a plus (+) or a minus (-) on the debit and credit side of each T account to indicate where increases and decreases will be recorded. 2. Enter the beginning balances from the chart of accounts into the T accounts. 3. Record the transactions in the T accounts, identifying each by letter. 4. Determine the new balance of each account. 5. Prepare a trial balance as of August 31, 20XX. 6. Prepare an income statement for the month of August 20XX. Prepare a balance sheet as of August 31, 20XX that details the changes in owner's equity. Do not prepare a separate statement of owner's equit Pierre Legault has operated Pierre's Floral Shoppe for six months. The beginning account balances and transactions for the month of August 20XX follow: Chart of Accounts 101 Cash $10,500 110 Accounts Receivable 4,400 115 Office Supplies 970 120 Delivery Van 25,000 130 Computer Equipment 7,500 140 Office Equipment 11,600 210 Accounts Payable 7,500 215 Notes Payable 33,500 301 Pierre Legault, Capital 18,970 310 Pierre Legault, Drawing 401 Floral Revenue 601 Rent Expense 605 Utilities Expense 610 Advertising Expense 615 Interest Expense 620 Gas and Oil Expense 625 Repairs Expense 630 Insurance Expense 640 Salaries Expense Transactions: a. purchased computer equipment at a cost of $5,400; paid $2,000 cash down and agreed to pay the balance in 90 days b. paid rent, $1,200 c. paid utilities bill, $430 d. received $720 from a customer paying on account e. made a $1,400 payment on the note payable; $540 of this amount is for interest f. delivered flowers costing $1,720 to a customer; received $1,000 cash, and the balance is due in 30 days g. received bill for advertising in the amount of $530 to be paid in 60 days h. paid $1,620 on accounts payable i. paid $27 from the business bank account to Cotty Cleaners for the owner's dry cleaning j. paid salaries, $640 k. received $2,190 cash for flowers sold 1. received $630 from a customer paying on account m. paid $220 for a tune-up on the delivery van n. withdrew $1,500 for personal use o. paid $530 on accounts payable p. delivered flowers costing$3,400 to a customer who has agreed to pay in 30 days 9. paid $615 for gas and oil for the delivery van received 2,190 Cam TOT Towers sold 4G 9:50 11 1. received $630 from a customer paying on account 49 m. paid $220 for a tune-up on the delivery van n. withdrew $1,500 for personal use o. paid $530 on accounts payable p. delivered flowers costing$3,400 to a customer who has agreed to pay in 30 days 9. paid $615 for gas and oil for the delivery van r. paid radio advertising in the amount of $780 S. received bill for auto repairs for $1,650 to be paid in 30 days t. made $1,200 payment on notes payable; $425 of this amount is for interest u. paid $420 for insurance v. withdrew $2,000 for personal use Instructions 1. Prepare and title the T accounts as named in the chart of accounts. Record a plus (+) or a minus (-) on the debit and credit side of each T account to indicate where increases and decreases will be recorded. 2. Enter the beginning balances from the chart of accounts into the T accounts. 3. Record the transactions in the T accounts, identifying each by letter. 4. Determine the new balance of each account. 5. Prepare a trial balance as of August 31, 20XX. 6. Prepare an income statement for the month of August 20XX. Prepare a balance sheet as of August 31, 20XX that details the changes in owner's equity. Do not prepare a separate statement of owner's equit
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