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Q2- For the past several years, Steffy Loper has opened a part-time consuhing business from his home. As of July 1, 2012, Steffy decided
Q2- For the past several years, Steffy Loper has opened a part-time consuhing business from his home. As of July 1, 2012, Steffy decided to move to rested quarters and to operate the business, which was to be known as Diamond Consulting, on a full-time basis. Diamond red the following transactions during July Offe Raced the follo 2 of the journal 4 1 Cab 2 Accounts Receivable Supplies 4 Prepaid Ret 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation Accounts Payable Salaries Payable 10 Used Fen 11 Common Stock 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellanous 2. Post the journal to a ledger of four-column accounts 3. Prepare an unadjusted al balance following adjustment data were assembled. Analyse and use these data to complete part (3) (4) Ice expired during July is $375. () Supplies on hand on July 31 are $1,523. (c) Depreciation of office equipment for Joly is $730 (4) Accrued receptionist salary on July 31 in $175. () Rat expired during July in $3,400 (0) Unearned fees on July 31 $2,750. 5. Journalize and pest the adjusting entries 1. Journal each action in a two-column journal starting on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited (Dent inst the cubers in the journal at this time)
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