Question 1 (0.25 points) Saved Jackson Taylor Co.' chart of accounts includes the following general ledger accounts: Cash; Accounts Receivable; Supplies; Equipment, Accounts Payable; Deferred Revenue; Capital Stock; Dividend; Service Revenue; Rent Expense; Salaries Expense; Utilities Expense. Using these ledger accounts, journalize the following selected transactions: Journal explanations may be omitted. Jan. 1 Owner invested cash of $35,000 into the business. Jan 3 Purchased equipment for $3,000, paying $500 now and the remainder on account Jan 8 Billed customer for $3,000 of services performed.. Jan 19 incurred $900 of utility expense on account. Jan 20 Received $6,000 for services performed. Jan 23 Purchased $500 of supplies on account Jan 24 Paid $2,800 to employees for their services Jan 30 collected $2,500 revenue in advance. Jan 10 Paid $950 for current month's rent on the store. Jan 15 Purchased supplies for cash, $2,000. Jan 17 Collected $2,000 from customer billed Jan 8, above + Format U A ... Credit Debit Date Account Names The unadjusted trial balance of Boilermakers Incorporated, prepared as of December 31, 2022, includes the following account balances. All of the accounts listed have normal balances. Cash Accounts Receivable Supplies Prepaid insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue $15,000 3,000 1,500 7,200 15,000 3,000 30,000 7,500 45,000 45,000 Service Revenue Salaries and Wages Expense The following information is also available: A) After a count of supplies, there were $700 worth of supplies remaining on hand at December 31, 2022. 8) An insurance policy, purchased on January 1, 2022, covers three years. C) The equipment depreciates at a rate of 51,500 per year; no depreciation has been recorded for 2022 D) Two-fifths (or 40%) of the amount recorded as Deferred Revenue remains deferred as of December 31, 2022. E) The accrued amount of salaries and wages at December 31, 2022 is $4,000. Required Prepare the required adjustments for the company as of December 31, 2022 Format B 1 UA co + Date Account Names Debit Credit These account balances were taken from the Adjusted Trial Balance National Haven Corporation (all accounts are normal balances): Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries payable Common stock Dividends Service revenue Deferred Revenue Prepaid insurance Repair expense Depreciation expense Accounts receivable Insurance expense Salaries expense Accumulated depreciation Long Term Debt Interest Expense 50,000 8,000 101,000 10,000 21,000 4,000 13,000 5,000 70,000 5,000 5,000 2,000 7.000 13,000 2.000 33,000 20.000 19.000 2.000 8.000 Other Noncurrent Liabilities REQUIRED: Prepare the following financial statements for National Haven Corporation for the year ending December 31 2022 a) Income Statement b) Retained Earnings Statement c) Classified Balance Sheet Persoon B TUA Lili HOM + a. Income Statement
