printed. You will record the adjusting journal entries To JU JUU the information provided below. Your company file should include the account balances for Olivia's Web Solutions based on the transactions you recorded in Chapters 3 and 4. 1. Sign in to QuickBooks Online. 2. Change the company name to OWS5 [Your Name] Olivia's Web Solutions. 3. Add the following accounts to the Chart of Accounts List: Category Type: Fixed Assets Dial Type Furniture & Fixtures Name: Computers Number: 1700 is rer ever Category Type Detail Type: Name: umber Is deposit Fixed Assets Accumulated Depreciation Accum. Dep., Computers 1750 1700 Fixed Assets Furniture & Fixtures Furniture 1800 Los ec Category Delailype: Name: Number: sank de Category Type: Detail Type: Name: Number: Is sub-account: Fixed Assets Accumulated Depreciation Accum. Dep., Furniture 1850 1800 Category Type: Detail Type: Name: Number: Fixed Assets Other fixed assets Software 1900 Category Type: Detail Type: Name: Number: Is sub-account: Fixed Assets Accumulated Depreciation Accum. Dep., Software 1950 1900 Other Expense Depreciation Dep. Exp., Computers 6075 Category Type: Detail Type: Name: Number: Category Type: Detail Type: Name: Number: Category Type: Detail 7ype: Name: Number: Other Expense Depreciation Dep. Exp., Furniture 6085 Other Expense Depreciation Dep. Exp.. Software 6095 Edit the following accounts: 1725 Computers - Cost 1895 Furniture - Cost Is sub-account: Is sub-account: 1700 1800 Category Types Other Expense Detail Type Depreciation Name: Dep. Exp. Computers Number: Category Type: Detail Type Name: Number: Other Expense Depreciation Dep. Exp.. Furniture 6085 Category Type: Other Expense Detail Type Depreciation Name: Dep. Exp., Software Number: Edit the following accounts 1725 Computers - Cost Is sub-account: 1700 -1825 Furniture - Cost Is sub-account: 1800 1925 Software - Cost Is sub acownl: 1900 Delete the following account 6425 Repair Expense 4. Display and print the Trial Balance Report before preparing the adjusting journal entries (June 1. 2018-June 30, 2018). 5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30, 2018, for the date. a. The prepaid insurance represents a one-year policy. Record insur- ance expense for one month. Refer to the trial balance to deter mine the amount in the Prepaid Insurance account. For Entry no. use AJEI. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. PERIOD-END PROCEDURES 165 recoip Category Type: Detail Type: Name: Number: Other Expense Depreciation Dep. Exp. Software 6095 ver we Sit Fur receipt Edit the following accounts: 1725 Computers - Cost Is sub-account: 1700 -1825 Furniture - Cost Is sub-account: 1800 1925 Software - Cost Is sul-account: 1900 -Delete the following account: 6425 Repair Expense 4. Display and print the Trial Balance Report before preparing the adjusting journal entries (June 1, 2018-June 30, 2018). 5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30. 2018, for the date. a. The prepaid insurance represents a one-year policy. Record insur- ance expense for one month. Refer to the trial balance to deter- mine the amount in the Prepaid Insurance account. For Entry no.. use AJEL. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. HC depos PERIOD-END PROCEDURES 165 receive c. Monthly depreciation on the assets: $75 for Computer, $50 for Furniture, and $100 for Software. Record each depreciation expense as a separate adjusting journal entry. d. The computer supplies on hand total $350. Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense. e. The office supplies on hand total $325 Compare with the amount in the Office Supplies account to determine how much of the account has been used and then record the expense. f. The interest on the note payable for one month is $25. Record the interest expense. Add to the Chart of Accounts List the Interest Payable account, Other Current Liabilities, number 2030. 6. Display and print the following reports for June 30, 2018: a. Journal: Only the adjusting journal entries (June 30, 2018 June 30, 2018) b. Trial Balance: Change name in header of the report to Adjusted Trial Balance (June 1, 2018-June 30, 2018) c. Profit and Loss (June 1, 2018-June 30, 2018) d. Balance Sheet (June 1, 2018-June 30, 2018) K Top Sono ment allie Supplies Office Supplies Exp printed. You will record the adjusting journal entries To JU JUU the information provided below. Your company file should include the account balances for Olivia's Web Solutions based on the transactions you recorded in Chapters 3 and 4. 1. Sign in to QuickBooks Online. 2. Change the company name to OWS5 [Your Name] Olivia's Web Solutions. 3. Add the following accounts to the Chart of Accounts List: Category Type: Fixed Assets Dial Type Furniture & Fixtures Name: Computers Number: 1700 is rer ever Category Type Detail Type: Name: umber Is deposit Fixed Assets Accumulated Depreciation Accum. Dep., Computers 1750 1700 Fixed Assets Furniture & Fixtures Furniture 1800 Los ec Category Delailype: Name: Number: sank de Category Type: Detail Type: Name: Number: Is sub-account: Fixed Assets Accumulated Depreciation Accum. Dep., Furniture 1850 1800 Category Type: Detail Type: Name: Number: Fixed Assets Other fixed assets Software 1900 Category Type: Detail Type: Name: Number: Is sub-account: Fixed Assets Accumulated Depreciation Accum. Dep., Software 1950 1900 Other Expense Depreciation Dep. Exp., Computers 6075 Category Type: Detail Type: Name: Number: Category Type: Detail Type: Name: Number: Category Type: Detail 7ype: Name: Number: Other Expense Depreciation Dep. Exp., Furniture 6085 Other Expense Depreciation Dep. Exp.. Software 6095 Edit the following accounts: 1725 Computers - Cost 1895 Furniture - Cost Is sub-account: Is sub-account: 1700 1800 Category Types Other Expense Detail Type Depreciation Name: Dep. Exp. Computers Number: Category Type: Detail Type Name: Number: Other Expense Depreciation Dep. Exp.. Furniture 6085 Category Type: Other Expense Detail Type Depreciation Name: Dep. Exp., Software Number: Edit the following accounts 1725 Computers - Cost Is sub-account: 1700 -1825 Furniture - Cost Is sub-account: 1800 1925 Software - Cost Is sub acownl: 1900 Delete the following account 6425 Repair Expense 4. Display and print the Trial Balance Report before preparing the adjusting journal entries (June 1. 2018-June 30, 2018). 5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30, 2018, for the date. a. The prepaid insurance represents a one-year policy. Record insur- ance expense for one month. Refer to the trial balance to deter mine the amount in the Prepaid Insurance account. For Entry no. use AJEI. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. PERIOD-END PROCEDURES 165 recoip Category Type: Detail Type: Name: Number: Other Expense Depreciation Dep. Exp. Software 6095 ver we Sit Fur receipt Edit the following accounts: 1725 Computers - Cost Is sub-account: 1700 -1825 Furniture - Cost Is sub-account: 1800 1925 Software - Cost Is sul-account: 1900 -Delete the following account: 6425 Repair Expense 4. Display and print the Trial Balance Report before preparing the adjusting journal entries (June 1, 2018-June 30, 2018). 5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30. 2018, for the date. a. The prepaid insurance represents a one-year policy. Record insur- ance expense for one month. Refer to the trial balance to deter- mine the amount in the Prepaid Insurance account. For Entry no.. use AJEL. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. HC depos PERIOD-END PROCEDURES 165 receive c. Monthly depreciation on the assets: $75 for Computer, $50 for Furniture, and $100 for Software. Record each depreciation expense as a separate adjusting journal entry. d. The computer supplies on hand total $350. Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense. e. The office supplies on hand total $325 Compare with the amount in the Office Supplies account to determine how much of the account has been used and then record the expense. f. The interest on the note payable for one month is $25. Record the interest expense. Add to the Chart of Accounts List the Interest Payable account, Other Current Liabilities, number 2030. 6. Display and print the following reports for June 30, 2018: a. Journal: Only the adjusting journal entries (June 30, 2018 June 30, 2018) b. Trial Balance: Change name in header of the report to Adjusted Trial Balance (June 1, 2018-June 30, 2018) c. Profit and Loss (June 1, 2018-June 30, 2018) d. Balance Sheet (June 1, 2018-June 30, 2018) K Top Sono ment allie Supplies Office Supplies Exp