Provide T-Accounts, Trial Balance, Adjusted Trial Balance, Financial Statements and Post Closing Trial Balance.

Restart your subscription to keep dULUSSUHTY JUU INTRODUCTION the t rends and procedere all a The curt of counts for 's Coming Service to be expect to E's Con Revenue Expenses 511 S e Assets 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142 Accumulated Depreciation Equipment 517 Spole Liabilities 202 Accounts Payable Expo 526 Advertising 529 532 Tephone 535 Owner's Equity 301 Trayton El Capital 302 Trayton Ell, Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter the balances for January 1, 2030. Obtain the necessary figures from the postclosing trial balance December 31 2018 appears in Figure 6.3. 2. Analyze each transaction and record it in the general Journal Use page 3 to begin January's 3. Post the transactions to the general ledger accounts 4. Prepare the Trial Balance section of the worksheet. 5. Prepare the Adjustments section of the worksheet. Compute and record the adjustment for supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on hand. 1. Compute and record the adjustment for expired insurance for the month c. Record the adjustment for one month of expired rent of $4,000 d. Record the adjustment for depreciation of 5183 on the old equipment for the month. The first adjustment for depreciation for the new equipment will be recorded in February 6. Complete the worksheet 7. Prepare an income statement for the month 8. Prepare a statement of owner's equity. DATE Jan. 2 2 7 12 12 13 14 15 20 20 20 21 22 TRANSACTIONS Purchased supplies for $7.000, issued Check 1015. Purchased a one-year Insurance policy for $8.400, issued Check 1016. Sold services for $20,000 in cash and $5,000 on credit during the first week of January Collected a total of $4,000 on account from credit customers during the first week of January issued Check 1017 for $3,600 to pay for special promotional advertising to new busi nesses on the local radio station during the month Collected a total of $4,500 on account from credit customers during the second week of January Returned supplies that were damaged for a cash refund of $750 Sold services for $20.700 in cash and $2,300 on credit during the second week of January Purchased supplies for $5,000 from White's, Inc: received Invoice 2384 payable in 30 days Sold services for $12,500 in cash and $3.500 on credit during the third week of January Collected a total of 55,600 on account from credit customers during the third week of January Issued Check 1018 for $7,065 to pay for maintenance work on the office equipment. Issued Check 1019 for $3,600 to pay for special promotional advertising to new busi nesses in the local newspaper Received the monthly telephone bill for $1,025 and paid it with Check 1020. Collected a total of $1,600 on account from credit customers during the fourth week of January Issued Check 1021 for $3,000 to Office Plus as payment on account for Invoice 2223. Sent Check 1022 for $2,675 in payment of the monthly bill for utilities Sold services for $19,000 in cash and $2.750 on credit during the fourth week of January Issued Checks 1023-1027 for $32,800 to pay the monthly salaries of the regular employ ees and three part-time workers. issued Check 1028 for $12,000 for personal use. Issued Check 1029 for $4.150 to pay for maintenance services for the month. Purchased additional equipment for $15,000 from Contemporary Equipment Company issued Check 1030 for $10,000 and bought the rest on credit. The equipment has a five year life and no salvage value Sold services for $7,600 in cash and $1,620 on credit on January 31. 23 26 27 28 29 31 31 31 31 31 Restart your subscription to keep dULUSSUHTY JUU INTRODUCTION the t rends and procedere all a The curt of counts for 's Coming Service to be expect to E's Con Revenue Expenses 511 S e Assets 101 Cash 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142 Accumulated Depreciation Equipment 517 Spole Liabilities 202 Accounts Payable Expo 526 Advertising 529 532 Tephone 535 Owner's Equity 301 Trayton El Capital 302 Trayton Ell, Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter the balances for January 1, 2030. Obtain the necessary figures from the postclosing trial balance December 31 2018 appears in Figure 6.3. 2. Analyze each transaction and record it in the general Journal Use page 3 to begin January's 3. Post the transactions to the general ledger accounts 4. Prepare the Trial Balance section of the worksheet. 5. Prepare the Adjustments section of the worksheet. Compute and record the adjustment for supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on hand. 1. Compute and record the adjustment for expired insurance for the month c. Record the adjustment for one month of expired rent of $4,000 d. Record the adjustment for depreciation of 5183 on the old equipment for the month. The first adjustment for depreciation for the new equipment will be recorded in February 6. Complete the worksheet 7. Prepare an income statement for the month 8. Prepare a statement of owner's equity. DATE Jan. 2 2 7 12 12 13 14 15 20 20 20 21 22 TRANSACTIONS Purchased supplies for $7.000, issued Check 1015. Purchased a one-year Insurance policy for $8.400, issued Check 1016. Sold services for $20,000 in cash and $5,000 on credit during the first week of January Collected a total of $4,000 on account from credit customers during the first week of January issued Check 1017 for $3,600 to pay for special promotional advertising to new busi nesses on the local radio station during the month Collected a total of $4,500 on account from credit customers during the second week of January Returned supplies that were damaged for a cash refund of $750 Sold services for $20.700 in cash and $2,300 on credit during the second week of January Purchased supplies for $5,000 from White's, Inc: received Invoice 2384 payable in 30 days Sold services for $12,500 in cash and $3.500 on credit during the third week of January Collected a total of 55,600 on account from credit customers during the third week of January Issued Check 1018 for $7,065 to pay for maintenance work on the office equipment. Issued Check 1019 for $3,600 to pay for special promotional advertising to new busi nesses in the local newspaper Received the monthly telephone bill for $1,025 and paid it with Check 1020. Collected a total of $1,600 on account from credit customers during the fourth week of January Issued Check 1021 for $3,000 to Office Plus as payment on account for Invoice 2223. Sent Check 1022 for $2,675 in payment of the monthly bill for utilities Sold services for $19,000 in cash and $2.750 on credit during the fourth week of January Issued Checks 1023-1027 for $32,800 to pay the monthly salaries of the regular employ ees and three part-time workers. issued Check 1028 for $12,000 for personal use. Issued Check 1029 for $4.150 to pay for maintenance services for the month. Purchased additional equipment for $15,000 from Contemporary Equipment Company issued Check 1030 for $10,000 and bought the rest on credit. The equipment has a five year life and no salvage value Sold services for $7,600 in cash and $1,620 on credit on January 31. 23 26 27 28 29 31 31 31 31 31