pls send me the asnwers once you get them i need it before 5:30
1 Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $12,000 cash and $51,600 of photography equipment in the company- 2 The company paid $2,880 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,280 cash. 20 The company received $3,700 cash in photography fees earned. 31 The company paid $877 cash for August utilities. Aug- 15.62 points eBook Prepare general journal entries for the above transactions. Hint View transaction list Journal entry worksheet Type here to search 2 The transactions of Spade Company appear below. Kacy Spade, owner, invested $17,500 cash in the company b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a customer e. The company paid $9,678 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $3,710 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,558 cash as partial payment for the account receivable created in transaction f i. Kacy Spade, withdrew $900 cash from the company for personal use. a. 15.62 points eBook Hint Prepare the Trial Balance. SPADE COMPANY Trial Balance May 31, 2017 Debit Credit Mc w Type here to search 4 Pablo Management has three part-time employees, each of whom earns $125 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the three employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday. 1. Prepare the year-end adjusting entry for wages expenses. 2. Prepare the journal entry to record payment of the employees' wages on Friday. January 4. 15.62 points eBook View transaction list Hint Journal entry worksheet 1 Record adjusting entry on Monday, December 31. Note: Enter debits before credits General Journal Date Debit Credit December 31 Mc 4 of 8 Graw Hill
7 Hill etion wl Type here to search Required information Part 3 of 3 The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows. WTI initially records prepaid expenses and uneaned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. 15.66 points Additional Information Items elook a. An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,662 are available at year-end 2017 c. Annual depreciation on the equipment is $12.285. d. Annual depreciation on the professional library is $6,142 e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,640 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month: for example, October recognizes one-half month accrual.) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December HELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 of 8 Next Ma Type here to search 2 The transactions of Spade Company appear below. Kacy Spade, owner, invested $17,500 cash in the company b. The company purchased office supplies for $508 cash. c. The company purchased $9,678 of office equipment on credit. d. The company received $2,065 cash as fees for services provided to a customer e. The company paid $9,678 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $3,710 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,558 cash as partial payment for the account receivable created in transaction f i. Kacy Spade, withdrew $900 cash from the company for personal use. a. 15.62 points eBook Hint Prepare the Trial Balance. SPADE COMPANY Trial Balance May 31, 2017 Debit Credit Mc w Type here to search 4 Pablo Management has three part-time employees, each of whom earns $125 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the three employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday. 1. Prepare the year-end adjusting entry for wages expenses. 2. Prepare the journal entry to record payment of the employees' wages on Friday. January 4. 15.62 points eBook View transaction list Hint Journal entry worksheet 1 Record adjusting entry on Monday, December 31. Note: Enter debits before credits General Journal Date Debit Credit December 31 Mc 4 of 8 Graw Hill 7 Hill etion wl Type here to search Required information Part 3 of 3 The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows. WTI initially records prepaid expenses and uneaned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. 15.66 points Additional Information Items elook a. An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,662 are available at year-end 2017 c. Annual depreciation on the equipment is $12.285. d. Annual depreciation on the professional library is $6,142 e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,640 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month: for example, October recognizes one-half month accrual.) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December HELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 of 8 Next Ma