Queations 4 & 5

3. CONTPRO.02.01.PART.3 Continuing Problem Chapter 2-Instruction #3 Post the journal entries completed in Chapter 2 Part 2 to the ledgers in the spreadsheet you saved in Chapter 2 Part 1. When entering the Posting References, use journal page 1 for transactions from July 1-14, and use journal page 2 for transactions from July 16-31. Extend the account balance to the appropriate balance column after each posting. Be sure to save your work in the spreadsheet. 4. CONTPRO.02.01.PART.4 Continuing Problem Chapter 2-Instruction #4 Refer to your answers from Chapter 2, Part 3 to complete this part. 4. CONTPRO.02.01.PART.4 Continuing Problem Chapter 2-Instruction #4 Refer to your answers from Chapter 2, Part 3 to complete this part. Prepare an unadjusted trial balance as of July 31, 2019. If an amount box does not require an entry, leave it blank. PS Music Unadjusted Trial Balance July 31, 2049 Debit Balances Credit Balances Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accounts Payable Uneamed Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Eamed Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense Music Expense Advertising Expense Supplies Expense Miscellaneous Expense 5. CONTPRO.03.01.PART.1 Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2049 Account No. Dah Bee Creditness 11 Account Solis Peperca Office Account IT 21 21 Peyton Cap Petru restomed 70 41 50 200 Orient tamant 52 1.500 Avent Sot Account Based on those balances and the additional data below, prepare adjusting journal entries. Include Posting References, using the account numbers in your spreadsheet. You will need the following additional accounts: Account Name Accumulated Depreciation Office Equipment Wages Payable Insurance Expense Depreciation Expense If an amount box does not require an entry, leave it blank. The data needed to determine adjustments for the two-month period ending July 31, 2089, are as follows: 57 July 31: During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which PS Music has already received payment for. Any additional hours beyond 80 will be billed to KXMD at $40 per hour. Account DER July 31: Supplies on hand at July 31, $275. Account Post Ret De Cree July 31: The balance of the prepaid insurance account relates to the following July 1, 2019 transaction: "Pald a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period." Account Pest Rel July 31: Depreciation of the office equipment is $50. Account Der July 31: The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3, 2019 transaction, which included the following: "On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600." In accordance with the contract, Peyton received $7,200 from KXMD as an advance payment for the first two months Account July 31: Accrued wages as of July 31, 2049, were $140. Account Post. Ref. Debit Credit 3. CONTPRO.02.01.PART.3 Continuing Problem Chapter 2-Instruction #3 Post the journal entries completed in Chapter 2 Part 2 to the ledgers in the spreadsheet you saved in Chapter 2 Part 1. When entering the Posting References, use journal page 1 for transactions from July 1-14, and use journal page 2 for transactions from July 16-31. Extend the account balance to the appropriate balance column after each posting. Be sure to save your work in the spreadsheet. 4. CONTPRO.02.01.PART.4 Continuing Problem Chapter 2-Instruction #4 Refer to your answers from Chapter 2, Part 3 to complete this part. 4. CONTPRO.02.01.PART.4 Continuing Problem Chapter 2-Instruction #4 Refer to your answers from Chapter 2, Part 3 to complete this part. Prepare an unadjusted trial balance as of July 31, 2019. If an amount box does not require an entry, leave it blank. PS Music Unadjusted Trial Balance July 31, 2049 Debit Balances Credit Balances Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accounts Payable Uneamed Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Eamed Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense Music Expense Advertising Expense Supplies Expense Miscellaneous Expense 5. CONTPRO.03.01.PART.1 Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2049 Account No. Dah Bee Creditness 11 Account Solis Peperca Office Account IT 21 21 Peyton Cap Petru restomed 70 41 50 200 Orient tamant 52 1.500 Avent Sot Account Based on those balances and the additional data below, prepare adjusting journal entries. Include Posting References, using the account numbers in your spreadsheet. You will need the following additional accounts: Account Name Accumulated Depreciation Office Equipment Wages Payable Insurance Expense Depreciation Expense If an amount box does not require an entry, leave it blank. The data needed to determine adjustments for the two-month period ending July 31, 2089, are as follows: 57 July 31: During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which PS Music has already received payment for. Any additional hours beyond 80 will be billed to KXMD at $40 per hour. Account DER July 31: Supplies on hand at July 31, $275. Account Post Ret De Cree July 31: The balance of the prepaid insurance account relates to the following July 1, 2019 transaction: "Pald a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period." Account Pest Rel July 31: Depreciation of the office equipment is $50. Account Der July 31: The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3, 2019 transaction, which included the following: "On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600." In accordance with the contract, Peyton received $7,200 from KXMD as an advance payment for the first two months Account July 31: Accrued wages as of July 31, 2049, were $140. Account Post. Ref. Debit Credit